Why do many people set the same goals year after year without achieving them? The renewal energy of the new year is an important fuel to transform objectives into reality.
What is Financial Freedom?
Financial freedom refers to the economic-financial condition in which investment profits remain at a level equal to or greater than expenses. Quantitatively, it is achieved when one has wealth that generates income equivalent to 300 times one’s monthly personal cost.
Advice for the Journey
- Define priorities clearly
- Recognize that it is never too late to start
- Do not wait for ideal conditions
- Do not let risks paralyze you
Goal Classification
Short term (up to 1 year)
- Pay off debts
- Build an emergency fund
Medium term (up to 5 years)
- Travel
- New income sources
Long term (15+ years)
- Retirement
- Own property
Goal Ideas
- Improve your relationship with money
- Wake up early
- Read more
- Step out of your comfort zone
Practical Method
- Choose 3 relevant areas
- One big goal for each area
- Define 2 pieces of evidence of success
- Break it down into smaller periods until daily planning
Planning your future? Come to Consciencia Cafe, an inspiring environment to set your goals while enjoying a specialty coffee!