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Queconomics – How often do you worry about “expensive money”? If you regularly ask yourself why so much of a month is left at the end of the month, you need two things above all: strategy and discipline. But wait, this sounds harder than it is! Because if you look closely, there are plenty of opportunities to cut expenses – and each time, you take another step on your path to financial freedom! That way, big words like “save,” “take a step back,” or “tighten your belt” are less painful. The trick is to start. This article also proves that this gives you the inspiration you need: Here, we’ve compiled 45 specific tips for financial freedom. Now go and get closer to your goal of financial independence and getting out of debt!
The total makes the difference.
Definitely: in the end, we are talking about large sums that make the difference in the long run. The amount of real wealth – as well as the vast debts – must first be accessed. They both work on the same principle because everything comes together in the aggregate. Therefore, our tips for financial freedom are pretty different, as you will see shortly. Above all, they serve you as examples that you have to accept and implement yourself and your financial security in old age. But the longer you stick to it and the more critical it is to achieve your financial freedom goal, the faster you will reach it. So what are you waiting for? Here’s the list – let’s go!
Your way to your goal:
45 tips for financial freedom
- Watch expenses
- Keep a budget book
- Keep receipts
- Deposit big bills
- Keep costs less than income
- Explain to yourself: consumption is not the meaning of life.
- watch debts
- Be careful when paying in instalments
- If necessary, reschedule the overdraft facility into “regular” loans.
- Job change: ensuring a smooth transition
- Save money at the beginning of the month and manage the rest
- Consider call money or a savings account: interest pays and should be taboo for “normal” access!
- Find your savings rate
- Create a money cushion and let it grow
- Explain to yourself: Knowledge is capital.
- Knowledge specialists
- Network and use of knowledge
- Make it clear to yourself: Your time is capital – use it wisely!
- Learn from others who have had similar experiences
- Learn how to make the most of search engines
- Use freely available sources of information
- Weigh EveryOne: Is This Advice for Financial Freedom Right for Your Situation?
- The crucial question: Don’t fall for expensive recipes for miracles
- Find alternative sources of money – also with creativity
- Read what will make you progress
- Listen to the right podcast on the go
- Use a role model for inspiration
- Work with system
- Educate yourself financially
- Get advice – to understand everything for yourself
- Weigh decisions carefully – take the time you deserve
- File a tax return – the money can come back here!
- Not looking for motivation in money – what’s the point?
- Use your passion
- Don’t overthink about financial security
- Invest wisely
- Invest only in what you understand or what works for you
- Risk weight
- Develop good habits
- Get rid of the vice
- Set priorities – and act accordingly
- Maintain social contacts
- Set goals and medium goals
- Pursue goals with perseverance
- Reward yourself for achieving (medium) goals
- Discuss goals constructively with positive voices
- Believe in your goals.
- Make it clear to yourself: everything has a learning curve.
- Please don’t do it all at once
- Projects: Plan, Get Started and Go!
- Cut down on the essentials: Sell or donate what you don’t need – this also applies to cost factors such as technical equipment.
- Avoid impulsive buying
- Don’t make blind ads
- Buy only what you need
- Sleep on it another night to show yourself if something is really necessary
- Pay cash – get a tangible feel for your money!
- Plan your weekly shopping instead of going shopping every day
- Write (and stick to) a shopping list
- Grocery purchases on a weekly plan – we throw around $250 in groceries each year (on average per person).
- Constantly compare prices for contracts, electricity, insurance, purchases, etc.
- Watch for inexpensive alternatives, for example, to go from A to B.
- Deal with sharing concepts
- Develop a general awareness of incidental costs
- Turn off the water when brushing your teeth
- Take a bath instead of taking a shower
- Turn off the light when you leave the room
- Use energy-saving lamps
- Don’t just turn on devices in standby mode. Turn them off completely
- Pay attention to the energy balance when purchasing appliances
- Run the washing machine only with a full drum
- Load dishwashers correctly
- Making unused living space available to others – generates income from rent
- I cook at home more often
- Bring lunch from home – to work, to university, while travelling
- Buying groceries in the market
- Giving preference to healthy alternatives in drinks, foods and habits in general
- Last but not least: Always keep your goal of financial freedom in mind!
Allow yourself to be inspired and find your steps on your path to financial freedom.