HOW TO ACHIEVE FINANCIAL FREEDOM
Hi all. Welcome to hereishealth.com or Here is Health. Here you will find everything from Naturopathy to Yoga, from Good habits to Bad habits, from how being successful to why u r failing. Literally everything you are searching for. And one of my favorite topics will also be there: ATTAINING FINANCIAL FREEDOM.
What for a person is working. Securing his finances and thereby his future. And working on a 9 to 5 job won’t, in any case, make your financial freedom. You have to generate a second income, a passive one. You should start investing a portion of your salary from the first month itself because earlier the better. The rule for investing: at least 25% of your income should go straight into investing for a long term, with a time horizon of at least 20 years, because a person generally starts his job at 25 and investing with a time horizon of 20 years means his investment will mature at 45, the time he will be requiring the money for his children’s higher education and after that for their marriage.
A person should increase his investing amount by at least 10% every year to give a compounding effect to the investment.
25% should be used for EMI for car and house. And if a person already has a car and a house, this amount should also be invested.
Rest 50% should be used for meeting monthly recurring expenses.
And if possible try to get a new house for yourself. You only have to arrange for the margin money. Rest you can arrange from banking loans. And the EMI of the loans can be paid out of the rent you will be getting out of your new house.
Small steps lead to Small savings and compounded it reach exponentially high.
INVESTING IN EQUITIES.
The best way to start your journey to financial freedom is to start investing in Equities. And earlier you start, better it is for you. But don’t start investing blindly. Take your time, do your research, consult your financial planner, start allocating funds to your selected shares, and go with a bang.
With the cost of living going up and sources of income drying up, and the world becoming extremely competitive, the best way to make a person financially independent is to take the first step the day a child is born. As soon as the child the born, make the equity investment in the Sensex
equity fund and let it remain there for at least 21 years, because that is normally the time a person will require money for his future, and the money will definitely be sufficient to cater to his needs.Because no matter where the market goes, Sensex and nifty will continue to rise. AND IN THE LONG TERM, IT IS HIGHLY IMPOSSIBLE TO LOSE MONEY IN THE EQUITY MARKET. AND 21 YEARS IS QUIET A LONG TIME.
Investing in equities will grow your money in two ways. Firstly, the value of your money will be increasing compounded, and secondly, you will get regular income in the form of dividend income, the amount of which will vary depending upon the profits of the company. So, once you have done your R&D, and selected the right stock, just invest, sit back, relax and see your money grow compounded.
And starting your blog is the latest in the trend in getting financial freedom. After starting your blog, and putting your best content there, the next step is to go for affiliate marketing and go for Adsense approval. Apart from Google Adsense, which everyone knows, one platform that I myself uses is PROPELLERADS. Propellerads is one of the easiest to use the platform, and easiest to get approved for your site/blog. And one of the lowest payout amount in the industry. Very good for push and Native traffic. And push notification is the very best in the industry for bloggers looking for monetization of their property. And the easiest to use the plugin on WordPress. A good monetization platform for the publishers.
You can use the following link to monetize your blog through propeller ads.
For persons living in Germany, there is a very good platform for trading and investing into financial assets, by the name of Libertex, the link of which is given below.
MULTI-LEVEL MARKETING (MLM)
Multilevel marketing, or MLM, as it is commonly called, is the best option for a person to be financially free. There is a misconception among people that you have to work throughout your life and work full time. No, my dear friend, it is not like that. You can work in an MLM along with your Job or business, whatever you are into right now. You have to do some sort of time management for doing that. If you start your current job or business at 9 AM in the morning, start your day at 8 and devote 1 hour for Multi-level marketing. The same thing to be repeated in the evening also. If you come home at 7 pm in the evening, reach your home at 9 pm, 2 hours in between should be utilized for reaching out to your prospects and showing the plan. On Sundays and other holidays, you can do either full-day or half-day. So, the time problem has been sorted out. The next step is team building. Some people mistakenly and regularly use MLM like the business of adding members and making them purchase unwanted products at a higher price. No, it is not like that. In each country, there are companies which are very reputed and they also provide affordable products. You just have to search for them and work according to their plan. Don’t use your brain. Just work as per the company’s plan and system and see the magic working around you.
People living in India, UAE, the Kingdom of Bahrain and Bangladesh, I have got hold of a very good company called Vestige Marketing Pvt. Ltd. Its plan is so simple and it gives quality products at affordable prices, that if you follow the plan, you can easily reach a level of INR RS. 200000 in one year’s time. And total investment from each team member will be only Rs. 1000 per month/rs 12000 per annum. You have to add only one individual in your team in one month(not a difficult task) and make his purchase goods worth Rs 1000,(which everyone can), and tell him to repeat the same thing over a year duration, and see the magic happening. Because in order to reap the benefits of MLM, you must understand that it is a business of duplication. If you can duplicate, you will attain financial freedom in just one year. Hope you can understand the plan from the following chart
For persons belonging to anywhere in INDIA, DUBAI,KINGDOM OF BAHRAIN AND DHAKA WILLING TO JOIN VESTIGE SHOULD LEAVE THEIR NAME AND WHATTSAPP NUMBER IN THE COMMENT BOX.