Monday, October 02, 2006

Path to financial freedom, part 2

In the previous posting, I included a map of basic issues to consider if one is to achieve financial freedom.

Linkedin is a nice tool, but ultimately, if it is not used to realize one's dream of financial independence, then it's not much use. It would just be used to get yet another job, but as we all know, a job is only a short-term solution to a long-term problem: How to achieve financial independence.

If you have to wait till retirement to become financially independent, then I think you might be waiting your whole life for nothing. Getting a decent pension is not even guaranteed.

This is why I decided to talk about financial freedom and what a person can do to achieve it.

Notice that in the mind map, I used a lot of "You must." Of course, I don't mean to be dictatorial, I only wanted to stress my strong belief in what has to be done to control one's financial destiny.

In future editions of this mind map, I will provide more juicy details as to how you can begin the journey to financial freedom.

It's a long, arduous journey, but it can be a lot of fun if you master a few basic principles and habits.