"Be an entrepeneur, start doing trading, invest, be your own boss, make your money work for you..." How many times have you not heard these phrases? How many times have you been encouraged to escape from your 8 to 5 job as if having it was synonymous with failure?
Messages with these ideas are spread by economic neogurus and scammers as well as people who genuinely wish you well and want you to succeed, but who defines success?
Contrary to popular belief, financial freedom or independence is not a rigid concept. Like success, its definition depends on each person, therefore, having a modest salary or a job with office hours is not something you have to feel frustrated about.
Before even thinking about saving, investing, entrepeneurship, etc. The first thing is that you define your own goals. If you don't know what you aspire to or what you want or don't want, then how can you find out if you already have it or if you lack off it?
We idealize the great professions and we covet their income, but the little glamorized jobs also need someone to do them. It is a reality, and no, I am not asking you to settle, you can aspire to more and I will encourage you to do so as long as it is what you want and not what others tell you that you have to want.
Just so you understand, a modestly paid store clerk can achieve “financial freedom” faster than a medical professional. I emphasize, everything depends on the objectives of each one and the actions that they take accordingly to achieve them.
Let's now look at the advice that is commonly given to achieve financial independence and analyze its less beautiful parts:
Be an entrepeneur and if you fail, try until you succeed: although creating a venture, startup or your own business is a good idea, it does not mean that you do not have to keep working. It's fierce competition to survive the first year and be profitable (which is not the same as making a profit). You can spend your life creating ventures and never find the one that sets you free financially.
Start with cryptocurrency trading: they should rather tell you, start walking on minefields. Perhaps this is one of the activities that requires the most discipline and perseverance, and even then you are not guaranteed success. Although it is fairly easy to start trading, it is not something where everyone ends up with positive balances.
Invest, make your money work for you: buying stock market shares periodically is probably one of the simplest and safest forms of investment. But it is not something infallible nor to be taken lightly. Explore the strength of the company or stock market indexs in which you want to invest, the estimated annual profit percentages, whether or not it pays dividends, annual inflation rates and taxes (of which almost no one warns you) are aspects that they cannot be ignored.
without savings you cannot do any of the above recommendations, so this action is perhaps the one that lays the foundations for your future economy. But reaching financial freedom only depending on what you can save is something, not impossible, but very difficult.
The reality is that very few achieve that goal of retiring 10, 20 or 30 years before the minimum required age. And many others must continue working even when they are old. It does not mean that you do not try, rather it means that you need to keep your feet on the ground about your goals and the steps you are going to take to try to achieve them.
I don't want you to get discouraged after reading the difficulties that you can find on the way to living without working without waiting for retirement. Perhaps what you have saved or the earnings from your passive income are not enough to maintain the standard of living you currently have without a job. However, you can explore moving to other regions or countries where you can.
I also would not like you to become obsessed with the idea, it is not worth sacrificing health or stop enjoying time with the family. To be honest, trading current happiness for the possibility of future happiness doesn't sound like a good deal to me.
Finally, before finishing, I want to give you an alert:
If someone sells you a course on something, and they earn more from the sales of the course than from doing that something, doubt it
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