107 Actions That Unleash Your Financial Freedom

107 Actions That Unleash Your Financial Freedom

Mind 

1. Read or watch the news

2. Listen to the radio for financial segments

3. Listen to podcasts on financial matters

4. Search on YouTube for free recordings of financial documentaries

5. Subscribe to YouTube channels that provide good financial education

6. Follow relevant financial education Facebook groups

7. Follow relevant financial education Pinterest groups

8. Read periodicals on the economy

9. Read books on financial education

10. Read books on selling, it is an essential skill regardless of your occupation

11. Find time to visit the library to read related books

12. Find time to visit the book store to browse related books

13. Look out for the best selling lists for financial publications in leading bookstores

14. Read at least 1 finance related book per quarter

15. Take investment risk appetite questionnaires to find out your risk profile

16. Select an area of investment that suits your risk profile before delving further

17. Learn as much as you can about your chosen area of investment from authority sources

18. Set aside money to fund your financial education (books/courses/investment)

19. Watch television programmes on money

20. Ensure that you allocate a good proportion of your free time for financial education

21. The more you yearn to be financially free, the more time you should set aside to learn

22. When surfing the internet, spend time to browse finance / wealth / investment related websites

23. Bookmark good informative websites that provide useful information

24. Hone your persuasion, selling, convincing and influencing skills as they come in handy in life

Psychology 

25. Resist the urge to blame others / external factors for lack of wealth

26.Resist the urge to complain for lack of wealth

27. Resist the urge to find excuses for lack of wealth

28. Resist the urge to procrastinate your actions for improving your wealth

29. Be aware that you can change your financial well-being

30. Be aware that you can take actions to improve your wealth immediately, however small it may be

31. Accept that that no one will help you unless you help yourself first

32. Recognize that you have emotions when it comes to financial issues

33. Manage and be atop of your emotions when making financial decisions

34. Avoid committing or making any financial decisions when your emotions surge

35. Have a cool off period for your emotions to subside to a calm level before you make any decisions

36. Recognize that what you believe is what you conceive

37. Recognize that what you conceive is what you focus on

38. Recognize that what you focus on is what you achieve

39. Be committed to achieve financial freedom

40. Take failure or setbacks as an opportunity to learn and improve

41. Learn from others’ mistakes

42. Think big

43. Think positive

44. Visualize yourself as having achieved financial freedom

45. Think about the things that you will enjoy when you achieved this financial freedom

46. Think about the problems that you can eliminate when you achieve this financial freedom

47. Write down these enjoyment you can have and problems you can solve on a large piece of paper. Paste it somewhere prominent to remind and motivate yourself to take action every day to achieve your financial freedom

48. Focus on opportunities not obstacles

49. Be aware of obstacles and focus on finding solutions for them

50. Prepare yourself so that you can zoom in when opportunities arise

51. Ask yourself what your perceptions of the rich / financially free is

52. If your perception is bad, change them

53. If your perception is good, keep them

Personal Finances 

54. Open a savings bank account

55. Set aside money to save (for future) before you start spending your income

56. If you have problems saving, arrange for fixed monthly savings with your bank

57. Open a separate bank account to save for bigger investments

58. Purchase medical insurance

59. If you need to save money on life insurance, buy term insurance instead

60. If you need credit cards, limit the number you have.

61. Always keep track of your bills

62. Always pay in cash first, not in credit, to keep you more aware of your daily spending

63. Always pay your credit card bills early or on time

64. Avoid spending beyond your monthly income (the amount after you set aside for savings, that is)

65. Avoid bursting your credit card limit

66. Avoid taking overdraft or loans unnecessarily for spending

67. Always keep track of your monthly expenditure

68. Hire a tax consultant to optimize taxes for your business, property and income

69. Hire a book keeper for your business

70. Download free personal income / expenses sheets from websites to document your own money flows

Habits 

71. After a stint of hard work, treat yourself to a relaxing gathering with friends instead of splurging on shopping

72. Enjoy a good run in your neighbourhood instead of signing up an expensive gym membership

73. Go for a game of basketball or soccer etc with friends after work instead of going to the pub or bar often

74. Buy groceries and cook a healthy meal at home instead of eating at expensive restaurants everyday

75. Buy clothes on sales or when the season is over instead of grabbing them at a marked-up price on release day

76. Buy the quantity you need and not excessive surplus

77. Have a bicycle for short distance travels in your neighbourhood and keep fit at the same time

Employment 

78. Find ways to value add to your employer so that you become an asset to the company

79. If you are an employee, work like you own the company and profits are for you

80. Self assess the areas that you have done well in you job

81. Self assess the areas that you need improvement on in you job

82. Seek your superior’s assessment on the areas that you have done well

83. Seek your superior’s assessment on the areas that you need improvement

84. Work hard to build your strengths and reduce your weakness

85. Work smart

86. Manage your time well

87. Focus on your immediate tasks

88. Avoid too much time chatting, at the pantry or dreaming

89. When you proved yourself, be brave to ask for a pay raise

90. Be ready to justify how you can add more value to the company

91. Choose / propose to get paid based on results not time

Mentorship 

92. If you are a student, join clubs / societies that involve themselves in investment / business / entrepreneur related activities

93. Volunteer for the marketing role in any club or society to hone your relevant skills

Attend free financial talks

94. Sign up for financial education courses / seminars / workshops

95. Read financial blogs

96. Watch YouTube video tutorials to learn about investment entry-level knowledge / terminology

97. Subscribe to relevant YouTube channels with useful / reputable content

98. Email questions to financial bloggers to learn more

99. Join a forum that discusses financial education / wealth / investment

100. Participate in forum discussions and learn from others

101. Join the mailing list / newsletter list / subscribers list of reputable financial / wealth / investment websites and blogs

102. Join a mastermind group relating to financial education

103. Take actions from what you learnt in the group

104. Talk to friends about financial freedom and find like minded ones as your support group

105. Discuss and share ideas regularly with your support group

106. Speak to professionals with relevant experience or expertise

107. Engage in more meaningful discussions with them on the topic

 

 

Find this article useful? You may also like to read the following article on “107 Actions That Unleash Your Emotional Freedom“.