Different people have different definitions of financial freedom. To some, financial freedom is having a secure future, and to others, it is being able to sustain their current lifestyle and being able to pay the bills. Regardless of the many definitions, everyone craves financial freedom. Miguel Lopes, a top business expert and investor, shares some actionable steps to achieving financial freedom.
Despite coming from a background where his family struggled financially, Miguel worked his way to the top and is now a millionaire. Known for his desire and dedication to helping people achieve financial freedom just like he did, Miguel educates and mentors people on how to go about trading. Miguel is a trader, investor, and well-known entrepreneur.
Here are actionable steps to achieving financial freedom, according to Miguel Lopes:
● Start investing now!
“Time is money,” says Miguel. “To achieve financial freedom, you should consider investing as early as now because there is no better feeling than having your money work for you,” he says.
Additionally, Miguel stresses the importance of doing thorough market research before investing. Having struggled with research, Miguel understands how difficult it is to find accurate information on trading and financial markets. Together with his team, they now offer financial market courses and mentor, share secrets and strategies on how to succeed in trading. There is also an opportunity arising to make some extra money by reselling the services.
● Set goals.
It’s important for anyone to have a plan for where they want to be in the coming years. Putting together a detailed plan helps them analyze how they are faring and where they need to improve. “In addition, goals are the biggest driving forces,” says Miguel. However, he does emphasize setting realistic goals. In his words, it is better to start small and gradually grow than starting big and ending up unable to meet one’s goals during the time frame they’ve set for themselves.
● Have a budget.
This will enable one to account for every expenditure and ensure there is less impulse buying. It also allows them to know how much money they spend on average per day or month, for instance. While on this subject, Miguel stresses the importance of sticking to a budget for effective results.
● Live within your means.
As a young person, Miguel understands the pressures around wanting extravagant items. Even so, he says that it is essential to live within one’s means to achieve financial freedom. “Living a luxurious life is not bad,” says Miguel. “However, it is even better to live a luxurious life and still secure your future.”
● Know your current financial situation.
“When you have an idea of where you are financially and where you want to be, you are better able to come up with a realistic plan,” says Miguel. To him, having a background where he was faced with financial challenges made him determined to have a financially stable future. With a focused mind and a determined spirit, Miguel quit his nine-to-five job and ventured into the financial market.
From being extremely broke to becoming a millionaire, Miguel Lopes was able to turn his life around, and you can too! If you are on a journey to achieve financial freedom, the above points are a good place to start!