Introduction
Hey dear friend, it's lovely to share this article with you guys, I have learnt a lot from you guys and other books I have read, in a long while I truly didn't understand hive but now I do, to an extent and hope to learn more about web 3.0 and how to improve my ownership and stake on this platform and also grow, this article is a summary of the process to Financial Freedom. I will love you all to read it through, although techniques on how to fufill each stage isn't given as it is broad, if you need extras just comment it below while highlighting the issue.
Understanding the goal of Finance makeover
The goal of a finance makeover is simply to get Financial peace and earn above your expenses, clearing your debts, having funds in place for futuristic expenditures. To get a finance makeover usually isn't a one to three months project but it's that of one to three years instead depending on the situation to have a good footing. The true factor to how fast your finance makeover will occur all depends on how aggressive you are and the Financial leverage available to you based on your financial education. Finance makeover isnt really about working extra jobs (it might include that if necessary) but changing your attitude towards money in general to bring about financial peace also, finance makeover is all about discipline and strategic planning gotten from learning diligently.
Components of a Finance makeover strategy
Emergency fund: To gain financial peace you need a Financial haven for unpredictable circumstances like the loss of a job or unplanned surgery bills, and to counter that you need a lump sum set aside for that case, in an account easily accessible and grows in interest.
A Budget: A monthly budget is highly needed to find excesses and areas which needs more of your money, a budget simply shows how everything should go, and in my opinion you should record what really occurs and compare it with what was planned to get some insights on your current budget your making.
Understand investing: To start investing you have to understand the game of various investments to build your portfolio and save yourself a lot of headaches to increase income actively by doing it passively.
Conclusion
These are all the components you need to achieve financial freedom, but these all starts with an ordinary income, wishing you the best as you reflect on your financial health and your work to improve it even more than it.