Some people erroneously believe that financial freedom is just going to school, getting a good job and saving for retirement. This is a blatant lie! Until you get to a point where you no longer work for money but money works for you, you are not financially free. It is not how hard you are working for money but how hard your money works for you that determines your financial freedom.
It is lack of financial intelligence when people design their lives around their salaries. The poor rely on salary while the rich rely on profit. Living a salary-centric life is a sure path to financial frustration and bondage. Hear this: You can be an academic genius but a financial imbecile! You can be a graduate and still be financially illiterate. Likewise, you can be uneducated and employ graduates because of your great financial skills.
Many graduates are poor because of poor financial and investment decisions. While poor graduates work for money, the exceptional make money work for them. Poor people get paid based on time; rich people design systems that pay them. The rich don’t trade their time for money, they acquire assets that make money for them. Poor people focus on saving; rich people focus on investing. Saving culture is good but must never be your destination.
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Source: GuardianNigeria - 🏆 1. / 94 Read more »