How To Become Rich And Find Your Path To Financial Freedom

By Soko Directory Team / October 9, 2020 | 6:16 am




By Getrude Matayo

Building wealth can be one of the most exciting and rewarding undertakings in a person’s life. Aside from providing a more comfortable day to day experience, substantial net worth can reduce stress and anxiety by freeing you from worry about food on the table or being able to pay your bills.

For some, that alone is enough motivation to start the financial journey. For other, its more like a game, and their passion for wealth building begins with their first check

Change the way you think about Money

The general population has a love/hate relationship with wealth. Some resent those who have money while simultaneously hoping for it themselves. No matter the household you grew up in, the key is to push to move past selling your labor (work) to making your money for you.

Understand the Power of Small Amounts

One of the mistakes most people make when trying to figure out how to get wealthy is that they think they have to start with an army of funds.  Small funds can eventually become millions of shillings as long as you see the potential and start saving.

With Every Shilling You Save; you are Buying Yourself Freedom

Money can work for you and the more of it you employ, the faster and larger it can grow. Along with more money comes more freedom, the freedom to stay home with your family, to retire and travel around the world, to quit your job.

Building Wealth Takes Time

Some people are reluctant to make a wealth-building plan because they don’t want to wait more years to be rich. They would rather enjoy their money now. Where you are right now is the sum total of the decision you have made in the past. Your life reflects on how you spend your money.

Consider Becoming Owner

One of the big intellectual and emotional hang-ups people seem to have when they aren’t exposed to wealth is making the connection between productive assets and their everyday life.

Study Success and Those Who Achieved It

Look for financial lessons not only in real-life examples but also in literature, film, TV, and other stories. These financial parables will help you understand the sometimes-complicated nature of investing for long-term gains. You’ll find that by investing in yourself, the money will begin to flow into your life.

Pay Off Debt, Save and Invest

To achieve financial freedom and success, which your family may or may not have had, you have to do two things. First, make a firm commitment to pay off any debt you have.





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


More Articles From This Author







Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (334)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (214)
  • 2019
  • January 2019 (253)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (251)
  • July 2019 (338)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (319)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (256)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (185)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (248)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (108)
  • May 2015 (116)
  • June 2015 (120)
  • July 2015 (148)
  • August 2015 (157)
  • September 2015 (188)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (207)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950