6/12/2018 10 Quick Tips to Reach Financial Independence

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Financial Independence
Posted by Fitz under Life Lessons, Mindsetting . Published:
June 11, 2018

How do you become financial independent? What are

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the keys to achieving it? What are the characteristics of
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people who are financially free?

Reaching financial independence is a marathon. And

just like preparing to run a marathon in real life, you
need to understand some basic principles for success.
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Below are 10 quick tips, which I’ve learned in my own PASSIVE INCOME
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6/12/2018 10 Quick Tips to Reach Financial Independence

Who you spend a lot of time with is important. Your

social network can greatly influence how you think and
how you deal with financial obstacles and opportunities. LEARN HOW TO INVEST

Spend less time with people who are toxic to your

financial well-being, and more time with those who
inspire and motivate you to become better.

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3. Leverage
The journey towards financial independence is long, but
you can move faster if you know how to properly
leverage your time and money.

Learn to invest. Build sources of residual or passive

income. Find ways to make your money work for you.

4. Debts
Debts can be a powerful form of leverage, but not if it’s
bad debts. Know the difference between good debts and
bad debts.

More than financial debts, you should also avoid as

much as possible, having emotional debts.

Because as my mother wisely advises, “Mahirap

bayaran ang utang na loob.”

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6/12/2018 10 Quick Tips to Reach Financial Independence

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7. Patience The Four Kinds of

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6/12/2018 10 Quick Tips to Reach Financial Independence
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8. Health
Again, a wise advice from my mother, “Ang perang
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So always take care of your health. And not just your

physical health, but your mental health as well.

9. Focus
Where your focus is today, becomes your future
tomorrow. If you pursue many and different goals today,
you’ll most likely end up nowhere and with half-baked
goals tomorrow.

There are a lot of opportunities around, and the best

way to succeed is to choose one and concentrate all
your efforts towards achieving it. Avoid the spaghetti
mindset.

10. Action
The opposite of success is not failure, but inaction. It is
only by doing and applying what you learned can you
ever make a change in your life, and reach financial
independence.

Remember that those who succeed in life are often

those who failed but did not quit. So don’t be afraid to
fail. Instead, be afraid to find yourself in the same place
where you are several years from now because you
didn’t take action.

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