Financial freedom myth

  • Financial freedom a myth? For many years people have talked to me about how they want to achieve financial freedom. I doubt some of these people fully understand what financial freedom means. A lot of people said they wouldn’t want to have too much money, but would want to have enough to walk into a shop and buy what they wanted without having to worry about the price. To me, financial freedom involves a lot more than money. It also involves a standard of living and a focus on one’s self, for example doing what you want without having to worry about having a job to support you, focusing on yourself instead of focusing your time on a career. However, I’ve seen many different definitions of financial freedom, so it must mean different things to different people. In the dictionary, it is defined as having sufficient personal wealth to live without having to work for basic needs. So financial freedom is being able to maintain your life and satisfy your needs without needing a job to make a living. With this definition, a lot more people can achieve financial freedom depending on their standard of living. If you don’t need to pay rent and don’t have high costs, it would take you no time to achieve financial freedom. But that’s not the case with everyone. In the world we live in today, people have a lot of expense to cover, such as car payments and phone payments. Without a job, it can seem impossible to pay all of this off and have a sufficient amount of money left over to enjoy a certain lifestyle. So, there are two options to achieving financial freedom. Firstly, you can decrease your costs of living dramatically. Alternatively, you can have assets that generate money for you. These assets can be shares,stocks, or property. However, these assets can be very expensive to invest in and to maintain. So, maybe financial freedom isn’t a myth, but it is only for the super rich to achieve. But it doesn’t have to be like that. With the creation of companies like Crowded Capital, it is possible for people who have a middle income to achieve financial freedom as well. Investing with Crowded Capitals property fund would make it easier to achieve financial freedom. Crowded Capital has focused on delivering affordable services to people who want to invest in property. How does this work? Crowded Capital has made a cost driven platform for the general public to invest in properties and make money off of the rent. They offer monthly payments, as well as lump sum payments, so there are plans to suit all of their customers. So what steps can you take towards financial freedom? First of all, pay off your debts. Then, decrease your expenses. This doesn’t mean stop spending completely, but spend carefully and budget well. The final step is to check out crowdedcap.com and see what investment plan suits your needs.

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