How do we become financially independent? Winning the lottery would work, but the chances of this happening are slim to none. Realistically we need to follow the right principles. These principles are not complicated — simply spend less than you earn and SAVE!
Most people with a net worth over a million dollars became financially independent the old fashion way. They found the best income possible, didn’t spend more than they earned and were disciplined savers who were able to invest the difference.
How do you invest wisely and make your money work for you? Let’s focus on the following proven investment principles:
- Spend less money than you earn and start saving today
- Leave your savings alone as long as possible
- Follow a reasonable asset allocation to fit your goals and risk tolerance level
- Diversify your portfolio
- Minimize you investment fees and cost
- Minimize Tax payouts
Don’t let financial independence elude you. Create a financially independent future by focusing on these proven investment principles. Follow this strategy and start saving today!