What is the correct mentality that we should have or acquire in order to aspire to Financial Freedom?
The mental form is a fundamental aspect in general for approaching any discipline and certainly a very important and essential aspect in the journey towards economic independence.
If, as they say, 80% of success in business is determined by the mental attitude and only 20% by the technique with which strategies are implemented, then the topic becomes of central importance !!.
There is a well-known book on mindset, a milestone on the subject called “Mindset” by the American psychologist Carol Dweck. In this text, issues are addressed that have struck me a lot because, if put into practice, they are the key to turning one’s life in every sense.
There are two types of mindset: growth mindset (dynamic mindset) and fixed mindset (static mindset)Continue reading
Do you feel a sense of restlessness inside you? That doesn’t give you peace? Do you feel you would like to do more? Your head is crowded with ideas, are you trying to give an order, to discipline them? They are a lot? Do you enter a loop of considerations and can’t come up with a clear idea on how to improve your future from a qualitative and financial point of view?
Or maybe you are further ahead, the idea has been focused, you have the idea !, you talk about it with acquaintances, friends, they look at you with distrust, with phlegm and resignation, they tell you that what you have exposed is difficult to achieve , that it takes too much effort ?.Continue reading
We can read a lot of material that teaches us the correct way to set a goal (you can find a lot of online content).
Once the latter have been formulated, we soon realize that some objectives are not met because the scenario can change due to a myriad of factors as well as numerous changes that could distract us if not make us completely forget our plans.
A goal can change, it is normal for this to happen, it is not a rigid entity, it can be shaped, adapted to new circumstances, even if it is necessary that the essence does not change, otherwise what is the goal if it is not pursued? Basically it will be our common sense to make us make the right decision and to choose which objectives to continue to pursue and which ones we need to abandon (even if for the latter the choice must be supported by a really good reason).
However, this is not enough, in order to pursue a goal over time, it is necessary to continuously focus attention on it, this exercise helps a lot. How to do it in practice ?; I will reveal three techniques that I personally use.Continue reading
Are you a man / woman who does not tolerate external constraints or inhibiting stakes? (There are already many that our brain, making fun of us, puts us, let alone those imposed from the outside!).
Do you love freedom? Do you believe that life is too short not to be lived intensely and in the best way that suits you, savoring every moment of your existence to the fullest? Do you want to fulfill yourself fully ?.
Well, needless to say, first of all if you tend to indulge your inclinations in spite of contingent situations they will call you selfish, vice versa if you do not support them they will call you depressed.
Unfortunately, the people around us influence us by preventing us from really achieving what we want.Continue reading
Finding oneself, close to death, lying on a bed, regretting what one would have liked to do, but which, for various reasons, has always been postponed in life, is a somewhat sad and bitter state; all would wish to die serene, satisfied, without regrets, for having lived fully and according to their inclinations.
In reality things are not like that, many people on the verge of death trust that they would have liked to do or achieve certain things, but by now it is too late, time has run out !!, and there are many in our society many!Continue reading
I confess that the desire to escape from the daily routine made of recurring habits, permanence, family responsibilities is a lot !; therefore the idea of owning a campervan caressed me and continues to do so.
Of course, this thought clashes fully with the concept of financial freedom, which first of all involves freeing oneself from all liabilities.Continue reading
Saving ability is the first skill that you should acquire if your goal is to trigger passive rents that allow you to generate more money in order to have more free time at least by keeping the income constant if not increasing it.
To be honest the steps are: Pay off all the debts that depress our cashflow first of all, then save.
I was convinced that knowing how to save was equivalent to not spending, in fact my concept of saving has translated for years into the imperative “saving as much as possible by limiting to 0 the expenses that I consider superfluous!” and, to be honest, turning off the taps constantly on unnecessary expenses (without missing anything essential, including holidays every year) has produced its results.Continue reading
The global crisis, caused by the CODIV-19 virus, has plunged stock markets all over the world; the sp500 performed a rally that began in 2009 with an increase of approximately + 400%, before the pandemic spread. Then the thud, a very rapid and inexorable descent in which many stocks have lost from -30% to -80%.
Below is the graph of the SP500 you can see the unstoppable rise trend from 2009 onwards until the drowdown due to the coronavirus:
A certain scenario ideal for creating a shares portfolio; this is a sector, however, where one cannot improvise, one must study and document oneself before buying shares in a company.Continue reading
To make any dream come true, plan it!.
Have a vision of what we want to do.
Define clear and determined goals.
We are helped by an extremely effective process, namely the PDCA method, as it allows us, after planning to correct any mistakes we make.
This process aroused a lot of interest in me because in fact it represents the best way to deal with a strategy to what we will inevitably find ourselves correcting during our journey.Continue reading
I think it is very important, now that we have just entered the decade 2020-2030, to stop for a moment and reflect on the past and the future.
What have I done good and bad so far and where do I aim to be or rather what person I want to become in the next 10 years?
Clarity of purpose and the right mindset are fundamental to maintaining the focus and pursuing our objectives, and they are even more so in 2020.
In fact, today’s society submits us to a myriad of continuous stimuli that risk obscuring our ideas and constantly mislead us.Continue reading