Key Tips to Achieve Financial Independence

Advice on Becoming Wealthy

Live Below Your Means

• Spend less than what you earn. This is key.
• If you have enough money to buy multiple houses, consider renting a small apartment instead.
• Drive a modest car, even if you can afford a luxury one.
• Save your money and reinvest it to earn more.

Mind Your Own Business

• Don’t worry about what others are buying.
• Focus on your financial goals, not on keeping up with others.
• Expensive things might make you happy temporarily, but financial freedom will bring long-term happiness.

Become Financially Literate

• Understand the difference between assets and liabilities.
• A house or car is a liability, not an asset, because they cost you money.
• An asset makes you money, like rental property or stocks.
• Learn about credit and how to project financial outcomes of investments.

Make it Your Goal to Make Money

• Don’t aim to be an employee forever. Learn how to make money independently.
• Experiment with different ways to earn money outside of a job.
• Try various methods like contracting, real estate, social media, or starting a business.
• Commit to continuous learning and adapting to find what works best for you.