Topic: What's the most unique advice to attain financial freedom you have witnessed? (Read 324 times)

The advice I can say to attain financial freedom is that you must plan ahead your financial needs  ,try to add your expenses and then compare to your income ,if the expenses are over than
Income , so make some adjustment on your expenses ,and much better is to find another extra income to overcome expenses.

It is necessary to plan for the future direction. Financial freedom is what everyone expects and wants to be. Why then would they have more time to be proactive for every job. First of all, it is necessary to create long-term passive income sources. Only to reach the financially secure destination.

In my views, to be able to meet the financial freedom every person would wish to happen is that, do not spend more than what you earn. A person should know what are the priorities that need to be consider and do no spend on something which is not a part of your priorities. Do not depend so much on a single income which most of the people having the same situation wherein there is no other option but to go a lending institution and borrow money. Lastly, if you can spare a capital, invest more on btc for long term as this will perhaps help you achieve financial freedom later once it will make a big bullish market within the year.

In my own opinion, the most unique advise to attain financial freedom is by educating ones self, education is the first key in achieving everyone's goal. Know your plans and priorities, don't focus on how to achieve financial freedom, but rather focus on why you want to achieve it. Life is cruel that you have to work hard for it. Investing in crypto and learning from it would a very nice step to handle and everything will follow.

This view almost everyone wants to achieve in the future as well as in the present. Let money, work for yourself, passive income streams. That is very good for us, because we create the system of making money. The money goes to our pocket, not to much work. More time for life.

The crypto world is the easiest way in today's era to achieve financial freedom now through  this the minimum resources required but i think that there are other means also available as in investing in real estate or any other thing the main concept is to invest your money and assets into others things,

Funny how warren buffet is so against cryto when it perfectly fits his description of being financially free. Though of course volatility and instability will always be an issue for crypto critics. A passive investment would be nice to be financially free. Real estate, rentals, stock market, things you can actually work with without much time and effort

The best way to achieve financial freedom is when you are making money while you sleep. this is a quote make my warren buffet, he's trying to say that until the moment that you do not invest your money in other things, you will it have financial freedom for me it was crypto.

I have watched the video and what she said is very interesting. If you want to attain financial freedom you need to attract it. Money is an energy that u need to attract. But bare in mind, if you have money use it in a good deeds. Help people who really in need. Don't let your money overruled you or used you. Be a blessing to many and God will reward you and will bless you in many folds.  The more you give, the more you will receive. This does not just go with financial blessings. As we see in the gospel, God wants us to be generous in giving mercy, love, and forgiveness as well. If you want to have more of these things, you should learn how to give and let go. When God sees you are generous in giving away, he will give you more - not just so you can have more, but so that you can give away more. That's the secret to attain Financial freedom.

Some good advice I recently acquired was to find something which provides
a passive income rather than a fixed wage for instance.

By passive income i mean something that is earning me funds while im asleep
or while i am working a day job and when im finished work.

2 things spring to mind in a crypto sense, mining and owning masternodes.

Though its a good idea but in real world, its hard to do so. How can you increase your passive income if your salary is that low? Loan from banks? Its too hard to do so because banks now a days have many requirements unlike before. Only few people could take Robert Kiyosaki's advice because its impractical for people who are earning minimum wage.

Alot of people talking about this topic . i know few could achieve it,but it's not easy or for everyone . you have to build a system first to generate passive income and expand this system enough to make constant money. some already did that through affiliate marketing. i'm hoping to do it through cryptocurrency trading one day !

Yes I agree with you.People nowadays do everything just to earn money.Its the saddest reality that it feels like money is the first priority.We cant survived without money thats why we need to earn it in good or bad way.I prefer same like you that we should prioritize our own happiness because we live once and we need to treasure it.

The nature of the world’s banking system can never and ever make a person amass wealth or attain financial freedom. I believe that the purpose of banks nowadays is not to make one rich but to secure a person’s money one way or the other. Moreover, banks in the world have a reduced interest rate that wouldn’t fetch you anything is you really want to get huge amount of money or fund for a living. Investing in cryptocurrencies is the best I can verbalize so far as compared to the banks. To sum it all, investing in cryptocurrencies is one unique advice to attain financial freedom. Can you think of more?

I completely agree with your concept. to achieve financial freedom in the future, we must be smarter in managing our income and expenses.
we should be able to set aside income by saving or investing.

In recent times the best advice i have ever witness to attend financial freedom came from my father who is a retired teacher, He told me to convert all the physical cash in my possession to property that is buying property today and resale in no distance time so i buy land in developing areas and resale when they appreciate in few years.

When it comes to the financial freedom, I would say that Robert Kiyosaki's cash flow technique is the best one in my opinion. He states that one should focus on increasing his cash flow from the passive income systems. Thus, at a certain level, it will cross the amount of expenditure and that would be the point of financial freedom. In that case, you won't have to work for money, your money will work for you.

There is this anecdote about an old Indian movie producer who was living in the bollywood city Mumbai and had just started earning some decent cash. Living space in Mumbai is hard to come by and the wife wanted him to put the money into building a house.
He instead decided to invest all the money in setting up a movie studio and equipment in his name. He told the wife that "Once the studio sets up and starts earning, we can always build a house, but if i built a house, i would never have been able to build a studio"

Investing in building assets that give you return rather than those that stay idle (like real estate) is the best advice I've ever heard. No fancy clothes, big house or jewellery for the wife but the best tools of the trade first.

  THE COMPETITIVE VRS THE CREATIVE MNDSETS
Everyone has the creative ability in their minds to practically create the type of wealth they want in their lives.I you want to send a message to your friend,you do not just send him or her the English alphabets to arrange them and make the meaning of your message.You must carefully type or create the message before you send to him so that he can understand your heart.So if you want to be rich without clearly forming your riches mentally ,then you will never be rich.All you have to do is to mentally create their desire world and take steps everyday to achieve those goals.People should avoid the competitive mindset because any property acquired on the competitive grounds is not stable.You can lose it to another person as time goes on.The creative man never loses his creativity and his wealth stays with him forever.

This woman from the video don't like the hodl strategy lol
She is clearly doesn't fit the standard profile for a financial advisor.

I think what she is saying about what people think of money makes sense in developing countries.
As there are many corrupted politicians, corrupted companies that bribe politicians to steal money and so on, also a lot of privileged bureaucrats who become rich working for the government (like attorneys, judges, etc), many people associate money with corruption and improper privileges. So many people has this feeling she is talking about, that is keeping money away from people.

In Brazil make money and become rich is not 100% cool like in other countries. I can see that in the US, for example, people respect millionaires because they earned their money. In Brazil everyone will think that your money was not earned in a proper way, or that it was inherited and you do not deserve, etc... This is probably common in India too (i think this woman is from India?)

I think financial freedom is a common objective of most people here in this forum.

I think financial freedom is  determined by chance, like your topic https://bitcointalksearch.org/topic/study-says-being-rich-is-determined-by-chance-rather-than-intelligence-or-talent-3048176
Also, i believe that those chances are regionalized. There were some opportunities to achieve the financial freedom in Brazil few years ago, when socialists were looting and depredating our economy. Take a look at Brazil's stock market (IBOVESPA):
https://www.google.com/search?q=ibovespa

Ibovespa is like SP500.

From 2016 (when socialists were removed from the government) to 2018 we have a 120% gains. This is amazing gain and at a reasonable low risk.

I think that every few years there are opportunities. Each country and region has it own opportunities. I didn't get one yet, I hope to get the next ones.

That’s quite an interesting concept. Robert Kiyosaky talks about it as well. If you believe that rich people have become rich because they have committed fraud, they have deceived other people, they have exploited their workers and the like, you will never become rich, because your mental picture is that rich people are evil, and you don’t want to be evil, right?

Apart from that, I think the best advice, which I don’t follow, is to have a high savings rate. If you are able to save 80% of your income you will be financially free in 5 years. If you save 50% you will be in 14 years. 80% is not achievable by most people because paying bills and eating accounts for more than 20% of their income. 50% is achievable but depends also on your income and other factors. In most cases you have to have a present miser life to achieve future financial freedom.

The approach I take is to always spend less than I earn, and keep investing, so I’m richer every year and I know that I will have a financial stable future but I’m not obsessed with being financially free because for that I have to sacrifice the present to be so in the future, and at the end of the day, I don’t know if I will be dead in 15 years.

We are here because we want to earn money to change our lives.We aim success and financial stability because we look after for our brighter future.That is why we do possible things to earn it.In this cryptocommunity has alot to offer to us because this is a tool that had change the lifes of every users but we need to be more strategic in it.Price votality of crypto never stops but if we know how to get over it then we can be a millionaire or a wealthy individual in the comings years.

People strive hard for money,go beyond limits to earn money. Do all the illegal/unwanted shit and at the end of the day,they don't have a smile at their face. I happen to be a person who says that money is shit,but I still want to earn because well you can't survive without money. Money is good and bad in its own ways. One thing I can say,don't be stupid. Give other things that give you happiness more priority. Because you only live once.

Without a doubt this has to rate as the most unique potentially useful advice to attain financial freedom I've ever seen.

Youtube clip: https://www.youtube.com/watch?v=hfRVmRfR0nI

Its easy to be skeptical of this woman commenting on financial topics. She doesn't fit the standard profile one would expect from a seasoned pro. I watched this clip thinking it might contain parody material but have to admit some of the things she says are interesting. One might go so far as to say some of the things she says are deep.

The principle of earning money being strongly based in emotion or psychology could be a neglected area. Her stance on this is that people who strongly believe that "money is crap". Or those who have strong negative sentiments or emotions about money will create a barrier which makes it difficult for these people to psychologically consider methods to earn money or do ok for themselves financially.

I may be in the minority here but I think this is one of the more intelligent things I've heard from someone offering financial advice.

Does anyone have any tidbits of wisdom on financial freedom, investing, crypto, economics they would like to share? Please share the wealth.