Attain Financial Freedom

inancial freedom, to many people is a dream. Do not think that you can only get financial freedom only when you have won the lottery. You can do it strategically. One of the strategies is saving and investment. People usually underestimate the power of saving. The truth is that if you do not learn to save, you are never possible to have that large sum of money for investment in order to attain financial freedom.
Very unluckily, the saving rate in America is very low. This low saving rate explains that most of the Americans have to work for their whole lives without financial freedom. In fact, many Americans have the saving concept in their mind. The problem is their saving concept is not 100 percent correct. Most of them save all the money that is left after their spending. For a real saving plan, you should only spend all the money that is left after your saving.
People like shopping and they will ask how can they save the money first and only spend the remaining. Yes, it is difficult. Therefore, you may need some help from the bank. Go to the bank and you will find a lot of different monthly investment plan. These investment plans do not require you to have a large sum of initial capital. Your monthly investment comes from the auto deduction of your monthly salary.
Of course, I am not asking you to have 90% of your salary transformed to your investment by the plan. The reason for a monthly deduction is to manifest the monthly compound effect of a small sum every month. For example, if you invest $100 a month and that you will get a 5% (very conservative) return. In 6-month times, what you get can be 8% more than $100 x 6 months x 105%. The 8% difference is only for 6 months. Can you imagine what the number is when it comes to 20 or 30 years for a longer term of investment? You are going to accomplish the financial freedom that you dream of.
Other than saving, you have to learn the world control. To attain financial freedom, you should avoid adding to yourself the financial burden. Control your spontaneous possessive desire which leads most of the people go into a financial problem. If you love to use credit card, you should pay more attention to this point. This is because the interest rate charged by the credit card company is extremely high. When you fail to make you payment, the interest is also counted in the way of compound.
Finally, you have to monitor your financial status. When you know your financial status, you will do everything to help yourself escape from the financial problem. Also, you are going to find new ways that will improve your financial status.