Most people will not become rich overnight, and anyone telling you otherwise likely has snake oil to sell.
But, what most people can do is have patience, persistence, and perseverance. These three skills can all be acquired at no cost and create a prosperous life. How?
While you may not win the lottery or pick the next big stock or alt-coin, you can consistently work towards being financially free through increasing your income, spending less than you make, and investing the difference in index funds.
Yes, you will have to persevere through market downturns and crappy periods of work. But, your persistence in sticking to your plan will pay dividends. And with time and patience, your nest egg will grow to the point where you can achieve freedom.
For those in their thirties recovering from credit card debt or student loans, take a breath. Then, create a plan for paying them down and off. Once achieved, save and invest your newfound cash. Because someday, you’ll reach the point of no longer needing to save.
And for those older without savings, such as fifty-plus, don’t lose hope. While not ideal, you to can create a brighter future, but you will have to work harder to do it. That is a fact, and no get rich quick
solution scheme will change that.
Lastly, don’t forget to live during your journey to financial freedom. Spending money on things you enjoy is okay, as deprivation is not the secret to becoming rich, either.
So, what future will you create by being patient? Will you move mountains by slowly chipping away at your goals or sit there wondering how you can become a millionaire overnight, continually tossing money into
Have a great day!
Mile High Finance Guy
finance demystified, one mountain at a time