Marks of a Financial Independent

11/09/2011 13:41

If you're reading this article, we assume that you want more money and retire young. A financial independent is not wealthy because he has high salary. He is rich because he knows how to make good use of his resources. The path to richness is not always attained through a lotto ticket or casino winning. Most of the time, you have to earn it through hard work.
You will know a financial independent by the way he utilizes the things he has. He focuses on the strengths that he has EE0-302 and does not allow his weaknesses to spoil his plans to build wealth.
VisionA financially successful person has a focused vision of success. What does he want to see from himself many years from now? He sets a vision that is congruent to his passion. He highlights on what he NEEDS to be rather than what he WANTS to be. He knows how EE0-301 to distinguish the unnecessary from the important. If he wants to retire with a thick pocket in 20 years, he will set a scheme to follow and will not waste money on alcohol or women.
InvestmentA financial independent buys assets and not liabilities. He puts his extra money on investment vehicles not on luxuries. He knows that if he perseveres with this endeavor, he will enjoy the fruits later when he collects the interest of his stocks. He will not remain as an employee but will strive to be the employer. One day, these investments are capable of sustaining his lifestyle so that he could quit his job with style.
Use of MoneyHe spends his money wisely. He knows he must not spend all of his income but must save in his bank. Aside from the interests of his investments, he wants to retire with a fat bank account. He does not need to buy new things that he doesn't really need. He doesn't need to buy the new laptop because it's the "in" thing when his computer is still working.
He has savings he can utilize when there is an emergency. Aside from the long-term savings account, he also has a contingency account when he needs cash for car breakdown, special occasions, and illnesses.
UpgradesHe is not contented with the learning that he has at present. He will take the opportunity to learn more by attending seminars and trainings that would open up his mind on different business perspectives. He does this to improve EE0-450 himself and to get ahead of the competitors. He reviews his goals and abilities regularly and discerns on what needs to be upgraded.
Robert Kiyosaki, a successful American investor, said that being financial independent means not relying on income from your job. It requires one to purchase assets reaping the interest when the right time comes. You will not get rich if you just think of your basic needs. Seek better living by aiming at the marks presented above.

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