Experts say that you are financially free or independent when your bills are covered by income from your assets. You never have to deplete your assets and they keep increasing. Financial freedom can also be explained as having enough income to pay your living expenses for the rest of your life without having to work full time. There's no one way method to achieving this. For some, it is easy to achieve this through investing and saving over a long period, while some just go ahead to build successful businesses that is able to generate income that meets their needs without everyday…mehr
Experts say that you are financially free or independent when your bills are covered by income from your assets. You never have to deplete your assets and they keep increasing. Financial freedom can also be explained as having enough income to pay your living expenses for the rest of your life without having to work full time. There's no one way method to achieving this. For some, it is easy to achieve this through investing and saving over a long period, while some just go ahead to build successful businesses that is able to generate income that meets their needs without everyday supervision.There are few hard-and-fast rules in the world of personal finance, but what is most important is that you do what works best for you.Remember the goal is to become financially free, but do not be too caught up in it that you sacrifice the present for the future. Make a commitment to be financially successful and free, also ensure to make time for your loved ones and engage in meaningful activities, even though you may have to work longer, in the end, to make more money. As rewarding as it is to achieve financial freedom and retire early/comfortably, no, you do not want to arrive at your destination having missed out on life along the way. The journey is as important as the destination.
Sola Adesakin is an experienced and versatile Chartered Accountant with many years of hands-on experience in Personal and Small and Medium Enterprises (SME) finance. She is a Personal Finance Coach, an Author and a highly sought after Conference/Seminar Speaker. Through her Smart Stewards Blog at www.smartstewards.com (a forum where she teaches on sound Personal Finance Management) and the Smart Stewards Academy, she has helped many people bounce back from stress to rest and from debt to wealth. She continues to influence women by her teachings and has been featured on a TV show that aired globally. In addition, her design of solid financial systems for SMEs has been tested and proven effective by her corporate clients. Sola holds a BSC in Applied Accounting from Oxford Brookes University, United Kingdom. She is a Fellow of the Institute Of Chartered Accountants of Nigeria (ICAN), a Fellow of the Association of Chartered Certified Accountants of The United Kingdom (ACCA) and a member of the Chartered Professional Accountants of Canada(CPA) She also holds an MBA from the Edinburgh Business School (Heriot-Watt University) Scotland. She holds a Certificate in Entrepreneurial Management from the Enterprise Development Centre of the Pan Atlantic University, Lagos Nigeria which was financed by the WomenX Scholarship (an initiative of the World Bank and Enterprise Development Centre).
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