Get Financially Independent This Independence Day

Find the steps to get financially independent

What’s your goal? 

I am a firm believer that people need to set goals to achieve desired milestones. If you want to effectively lose weight, you set a goal of how much you want to lose. If you say to yourself that you want to “just lose weight” without any goal of how much, you are primed to achieve minimal weight loss (if any at all). This is speaking from experience.

It’s important to set a realistic date for when you’d like to be financially independent. 

Money makes money 

You need to invest. Make saving and investing a priority. By saving and investing now, you allow your money to make more money. Start “paying yourself first” every month. Whether you invest in real estate (where you get a monthly rent check) or you invest in dividend-paying stocks, focus on a slow and steady approach to building wealth.

While it’s quite tempting to try and find a “home run” stock that will make you an instant fortune, far more often than not, investors end up striking out. While it may not fit with today’s remote-control generation, where if you don’t like something you just click away to something else, when it comes to building assets, slow and steady rules the day.

Now is the time 

By delaying investing, you are doing yourself a big disservice.

With a strategy and measured investing approach, a small amount also can be a really good starting point to get you on your way to financial independence.

Let’s resolve this Independence Day to get financially independent.