Personal Finance

Financial Freedom Cloud

Power your journey towards wealth

There is only one real way to acquire lasting wealth, and that, is the slow gradual snowball effect.

When you’re starting out on your journey to wealth, you will have less surplus to sock away for retirement, emergencies and other savings. This is usually slow going at first as you try to improve your finances while avoiding debt.

Never give up on your goal to attain financial freedom.
Read the ultimate lesson in persistence here

As your savings grow, with time, through compounding interest, and sensible investment of your surplus,  you will power towards wealth and build residual income outside your job. This might take some time, but when you get there, it is a beautiful experience.

Treat Your Life Like a Business

Every business has a budget that shows the total monthly income and expenses. Just like a business, your budget should have your monthly income and the total you spent in that month. If you have more expenses than your income, then you need to review your spending and assign levels of necessity and importance to your expenses.

In order for a business to keep growing and expanding, it should make a profit, and that is why the finance people will try to minimise expenditure and boost income. If the income is greater than the expenses, then you have a surplus. This surplus can be allocated to other activities which could bring in even more money.

10 Steps To Financial Security

10 Steps To Financial Security

Financial security is one of the most vital aspects of leading a safe and secure life. Financial security doesn't always mean having millions of dollars,...
Step 1 - Write Your Plan For Financial Freedom

Step 1 - Write Your Plan For Financial Freedom

We often talk and dream about being financially free. However, without a clear, solid and fully documented action plan, no matter how important or ambitious ...
Step 2  - Financial Freedom Starts With A Budget

Step 2 - Financial Freedom Starts With A Budget

A budget is a useful tool which helps you to control your money. Many people get themselves into trouble with overspending and debt because they do not u...
Step 3 - Get Rid of Bad and Harmful Debt

Step 3 - Get Rid of Bad and Harmful Debt

Understanding the difference between good debt and bad and harmful debt, will make a huge difference in your life. It will be the difference between whether...
Step 4 - Managing And Saving Surpus Income

Step 4 - Managing And Saving Surpus Income

Learning how to successfully manage your surplus income is key to financial freedom. But before you can begin managing this income, you need to start by...
Step 5 - Implement A Forced Saving Plan

Step 5 - Implement A Forced Saving Plan

Implementing an automated way to manage your surplus , is number five in the tens steps to financial freedom. This easy strategy is part of the millionaire...