Everybody wants to attain financial liberty which is easier said than done
Financial Liberty in my understanding is the ability to maintain, control, and carry out decisions about your finances and be stable at the same time.
The ability to be financially conscious.
How will you feel being in control of your finances?
This can only be acquired by being financially disciplined which requires differentiating your wants from your needs, knowing when to invest, when to give our loans, taking calculative risks by not putting all your eggs in a basket, when to live that fulfilling big boy or baby girl luxurious lifestyle, many more and still be on your financial track.
Financially Liberty is not all about you having all but how you are about to balance your finance because with a wrong and careless money mindset even with multiple streams of income the tendency of running broke is inevitable
Although one cannot attain this level without going through some financial difficulties which are inevitable because they are above your control like inflation, external economic instability, etc
Above all the benefits of financial Liberty are more elaborate than we think:
Firstly it gives you a wider understanding to double-check business ideas with low risk for an investor or investment before diving into any deal
Secondly, it builds a certain trust and image of you which other financial bodies will reach out to partner with or invest more in your business or any business you are involved in. Just how we are interested or make research on investors before we invest or buy shares.
Thirdly, the ability to maintain financial stability even with inflation or an unstable external economy but rather climb up the financial ladder.