DYNAMICS OF FINANCIAL FREEDOM (Part 2)
Welcome back to the Dynamics of Financial Freedom Series. Read the Dynamics of Financial Freedom (Part 1) via http://tinyurl.com/hz7e9es ii. Managing Money The progressive pathway to financial freedom is in your ability to manage the funds you earn or given as gifts.I am pretty sure you have heard the idiom that states 'Cut your coat according to your size' which simply infers that you must learn to live below your means with the intent to expand your means. This phrase actually contains two lessons. The first is that regardless of our income, we should always manage our expenses properly. Remember, the goal should be to ultimately be able to save almost 80% of our income. But there is also a second lesson here. That we should pursuit the goal of expanding our means i.e investing your idle funds for larger profits to cater for additional expenses. The game of wealth is not won by always playing defense (minimizing expenses and not wanting to take risks. At ...