The A-Z of Financial Freedom

There’s no other feeling in the world that gives you as much satisfaction as financial freedom – as a wise man said, money doesn’t buy happiness but it sure makes misery easier to deal with. But moving away from the lighter side, personal finance is certainly no joke, not when you fail to adopt the right measures and end up deep in debt. If you want to achieve financial freedom, you need to learn the alphabet first, the A-Z of financial independence:

  • A – Adopt the right attitude; when you know what must be done and are prepared to do what it takes to achieve it, money troubles become a thing of the past.
  • B – Believe that you can, even if the odds are stacked against you and you have many hurdles to cross.
  • C – Catch the right opportunities; making money is all about striking while the iron is hot.
  • D – Desist from taking high risks without adequate groundwork; this is especially important when you’re tempted to put your money into investments that could either bring you a windfall or make you a pauper.
  • E – Even out your holdings; if you’ve put all your eggs in one basket, well, you know what could happen.
  • F – Forgetting your mistakes of the past is the biggest mistake you could make in the present; use experience as your teacher, as your guide, and as your stepping stone to success.
  • G – Get down to it; once you know what needs to be done in terms of making money and investing it, do it at once.
  • H – Hold on to what you’ve got first; don’t get too greedy and risk the bird in the hand for those you think are in the bush
  • I – Insist on knowing where your money is and what it’s doing, no matter who’s managing your portfolio.
  • J – your Job is important to your financial stability, so work hard at it.
  • K – Keep it simple; don’t invest in things you don’t understand if you want to stay in control of your investments.
  • L – Look before you leap; don’t Jump headlong into an investment before you check it out completely and are satisfied of its viability and legitimacy.
  • M – Make more money, through legit means.
  • N – Never let down your guard; monitor your investments and continue to save even though you think you’re sitting pretty.
  • O – Obey the rules; when you take shortcuts and exploit loopholes, you find that you have to constantly watch your back to ensure that they don’t come to bite you in the butt.
  • P – Pay the piper; stay on top of your taxes, bills, loans, and any other money that you own to prevent hefty fines and ruined credit scores.
  • Q – Quit procrastination and save tons of money on interest; when you pay on time, you save more than just time.
  • R – Raise the bar; don’t lower your standards or your sense of ethics no matter how tempting it is.
  • S – Save when you can, what you can, where you can. The more you save, the more you have.
  • T – Take charge of your finances; don’t pass the buck for your financial woes; instead, accept what has happened and work on ways to dig yourself out of the mess.
  • U – Understand your investments; know how each of your dollars is working to make more money for you.
  • W – Watch your step; financial investing is a minefield where you could end up blowing all you’ve got in your quest for something more. The key is to be confident, yet not over-confident.
  • X – eXpand when the time is right; take stock of your situation and act accordingly.
  • Y – You and you alone can do it; don’t bank on inheritances, lotteries and other uncertain forms of income. Work hard for what you want, and if any of these happen, enjoy your windfall.
  • Z – Zoom ahead; financial freedom is all about progress and perseverance.