Is Your Goal Financial Independence? It Should Be!
Financial independence typically means having enough income to pay your living expenses for the rest of your life without having to work. A person can achieve this milestone in a variety of ways. Perhaps they saved and/or invested over a period of time. Maybe they started a business that returns incomes without their daily supervision. Or maybe they invested in cash flowing real estate. Whatever the method, financial independence should be the goal of every person.
How does financial independence benefit you?
– Provides you the freedom to do what you want, when you want
– Allows you to stop working full-time and retire
– Reduces stress and worry about money
– Ability to better plan your future since you can rely on specific income each month
– More likely to be able to leave a legacy for your family
– Enjoy the life you deserve!
Becoming financially independent may seem like a huge uphill battle. Well good news, it usually isn’t as difficult as people think. Most people don’t need millions of dollars to cover their lifestyle, they just need consistent monthly income. The key is to figure your NUMBER and then develop a plan to reach it.
Kohota will help you determine your number, develop a plan to achieve it, and even offer several passive income generating ideas. It will also be beneficial to become as financially savvy as possible, so take this financial mindset quiz to determine your financial literacy.
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