Throughout your academic year, you are offered to learn about just anything but money. It’s an endless rat race. Study hard in school, get good grades, graduate from a prestigious university, and finally get a job. You will most likely hate the job but you’re willing to put up with it because it buys you a fancy car and your dream house. There’s nothing wrong with that, except that your time and freedom is compromised. You have to say no to your child’s football match and watch the disappointment on gloomy faces. Is this really how life is supposed to be? Or can you find meaning and purpose in it without having to worry about paying your bills?
The truth is, you can become financially independent if you want to. If you’re willing to put in the effort and time into learning about it and practicing what the most successful businessmen have practiced. Time and freedom are the most valuable assets we Humans have, but unfortunately, our fear of survival and being left behind in life takes away both things from us. This is why financial literacy is so important. You need to understand how to manage money and make it work for you like you work for it. If you want your time and freedom, learn about that which you sacrifice it for. Learn how money works!
How to improve your financial life:
Middle-class people buy liabilities and rich people buy assets. This simple habit makes all the difference in your bank balance. A liability is something that takes money from your pocket, whereas an asset is something that puts money in your pocket. Building up your asset column is key to becoming financially independent. One way to do that is by investing in real estate. Of course, as a beginner, you will have no idea how to invest and that’s why you should hire a real estate investment consultant to help you out. They will guide you through the process and make sure that your money is being invested in a profitable place. Real estate investment is a form of passive income and you’ll be surprised how much money it can generate. In the process of buying and selling property, you’ll also want to make sure that it’s up to the mark. You should contact a building surveyor uae as he’s involved in all aspects of building and construction and can also assess the building’s quality and safety standards.
Jobs are just a short term solution for your financial problems. If you want to plan long term, start building passive income generating machines, like investing in real estate or owning intellectual property rights.