Mixed Story

 Living a life without worrying about money as you get older, or in other words, living with financial freedom, is something that everyone aspires to. But to be able to get it, it also requires sacrifice, patience, perseverance. What is important is that if the employee earns only $ 500, can he be financially free when he reaches the age of 50 to 60?

The answer is definitely yes, if he can start small and continue to do so gradually, like two drops of water breaking through a rock. Of course, a salary of $ 500 is not a lot of money to spend on savings, so if a person wants to be financially free in the future, he should start doing these things. From now on:

1. Focus on raising extra income: If you are currently an employee earning $ 500, you should always ask yourself: What do you need to do to increase your monthly income to more than $ 500? Can reach $ 1,000 or more? When you ask yourself this question, you will surely find ways to increase your income. On the other hand, you need to set clear goals, what do you want in 1 month, 3 months, 6 months, 1 year or longer? Because people who do not have a goal in their pocket do not have much money. In general, for employees to increase their income even more, it is necessary to work hard to be promoted or try to achieve the goals set by the company to be able to receive additional benefits.

2. Start learning to invest: It doesn't matter what your current salary or income is, but most importantly, you should save at least 40 to 50 percent (more is better) to invest it. The little savings you start saving now will be good seeds that can help you break free from poverty and be financially free. You can save it little by little until you have enough money and then invest it in any business that you specialize in, love it, or a business that you think has high potential.

Alternatively, you can start investing in joint ventures with other businesses, which allows you to continue with the work you are doing normally and your money is also producing children and grandchildren for you at the same time. Well. But before investing in anything, you need to think carefully about whether the person you are dealing with is trustworthy and think of many other factors to avoid cheating.

If you want to estimate how much money you need to be able to cover your monthly expenses, you can start by multiplying your monthly expenses by 12 months and multiplying by the number of ages you think you can survive. Then you will see the amount of your total expenses in the future.

E.g. Every month I spend $ 200 and I think I can live another 50 years, which is equal to 200 X 12 X 50 = 120,000 dollars. So you need to have at least $ 120,000 for the rest of your life. But this does not include medical expenses or other unplanned problems. So you have to calculate everything in terms of all your expenses for the next 50 years.

In particular, even Robert T Kiyosaki, who researched and developed the formula for the four sources of human income, confirmed that the people in Group I (Investor) is the best group because this group of people can have both financial freedom and Time. That's why you should learn to invest to be able to lead yourself to be a person in Group I or a good investor.

In general, in order to be financially free as you get older, you can do these two things on a regular basis, that is, try to earn as much money as possible and start investing in it. It can always bring more children and grandchildren to you in the future.