Most of our educational and professional pursuits are a way to gain financial independence. However, one needs to understand that financial freedom cannot necessarily be termed as a by product of professional success. You maybe getting a fat paycheck every month and still hit the rock in case of immediate unemployment. This is the case when you earn good, spend even better but save nothing.
The road to financial freedom isn’t merry. You have to make a plan for yourself. This plan should ideally refelct your financial goals and how you’d like to achieve it. The thumb rule to financial freedom is to start now. In fact, as per recent statistics, life expectancy of humans has increased while retirement age has considerably fallen. People look worked up in their late 40s and they might want to retire by 50 in the future. This leaves little room for enough time to plan your retirement corpus.
A term called ‘burnout’ has become highly popular amid the ongoing pandemic across the globe. People have shared personal experiences of how they felt a lack of motivation to continue working during the lockdown. This includes people who absolutely loved their job for years but suddenly didn’t feel enthusiastic enough to get up and work. The constant work pressure and chaos in the world will only accelarate this phenomenon. Hence, it’s mighty urgent to save, invest and become financially independent as soon as you can.
This will make sure that you pursue any work for the right reasons. Financial freedom will become the winds beneath your wings as you take on life ahead.
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