Скачать или смотреть 8 Steps to Financial Independence in 2022 | Personal Finance & Education

GET RICH WITHOUT GIVING UP YOUR LIFE:
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#1 Think Ahead: If you have no money, you have to plan ahead. This means you can look into the following: 1) credit card reward churning, 2) gift card discount purchasing, 3) bank account opening churning and 4) quick resells of holiday goods - such as Xbox/Playstation consoles and other popular products. These four things alone are not going to make you rich. What they will do is add a few thousand US tokens for you per year.

#2 Reduce Overhead on Day One: On day one, with nothing, you want to keep the overhead as low as possible. Reduce rent expenses to as low as humanly possible.

#3 Gather 3-6 Months Living Expense: Living Expenses = monthly rent payment + food + utilities + healthcare cost.
There is really no situation where you want to have less than 3-6 months in emergency money. Anything can happen.

#4 All Company Matches: This one should be obvious but you should take the Company match (practically no exceptions). This has nothing to do with crypto or stocks or bonds. It has to do with math. If you get a company match that is a 100% return on day one! There is no way to beat that.

#5 Move into Crypto: At this point this would be the third investment idea (our opinion). Don’t buy high-risk small caps.
This third level assumes the following: 1) you’re already working on a secondary form of income and 2) you do not have any upcoming liabilities to take care of.

#6 Calculated Risk: At this point, you should have various directions. You should be flooded with options. Unlike “Jugglers” people who work on 10-15 projects at the same time (none of them work), you have 2-3 income streams and know that there are options for you: 1) go with product A, 2) sell company go with idea B or 3) continue to scale current income streams and invest into crypto/stocks/buy your first residence.

#7 Real Estate: Pretty big change. Before we had real estate as a wealth creation vehicle but that has changed. You’re free to do whatever you like. In our opinion, you’re better off just having one place to live (home/apartment) and no other real estate exposure.

#8 Financially Independent: Once all of your passive income is generating more than your living expenses, you’re free. There isn’t much advice to give at this point. You simply don’t touch the passive income savings/nugget. This prevents you from taking too much risk and allows you to do whatever you like with all of your future earnings. No one is going to get to financial independence and suddenly “quit” the business. It doesn’t work like that.


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