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How To Wake Up And Achieve Financial Independence

Personal Finance Hacks

By Keeley TanPublished 2 years ago 4 min read
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How To Wake Up And Achieve Financial Independence
Photo by Mathieu Stern on Unsplash

We all know that sleep is important. Without enough of it, we’re more likely to make poor decisions and feel tired throughout the day. But with so much emphasis placed on the benefits of getting rest, it can be hard to understand why we need to get up earlier when staying in bed longer will only result in a better night’s rest in the future. What this article outlines is not just a new way of thinking about sleep or simply another recommendation for how you should best spend your weekends. Instead, it’s an entirely new mindset that will empower you to become financially independent sooner rather than later and lead a happy, stress-free life. And while it might surprise you at first, after reading through this guide you should feel more excited than ever about the future because of what it means for your savings goals and personal finances as a whole.

What is Financial Independence?

Financial independence is when a person is able to cover their living expenses without the need to rely on outside sources of income. This may sound like a lofty goal, but it’s actually something that many people desire. If you’re one of those people, the sooner you reach financial independence, the better. This is because once you’re financially free, there’s no stopping you from doing whatever you want with your time. Your finances are your own, and you don’t need to check with anyone else on what you should be doing with them. This is the ultimate goal of everyone who is trying to get to FI.

Why is Financial Independence Important?

Why is FI important is a question that you should ask yourself constantly. If you have to ask yourself this, then you might not have fully grasped the implications of reaching FI as soon as possible. That said, here’s a few of the many benefits of reaching FI: - You’ll have more time to spend with the people that matter most in your life - If you’re married, you and your spouse will be able to spend more time together than if you have to work full-time to make ends meet - You’ll have more time to travel and explore new places - You’ll have more time to save and invest for the future - You’ll have more time to enjoy your retirement years.

The key to reaching Financial Independence sooner

The key to reaching Financial Independence sooner is not only understanding how to maximize your sleep and eating habits, but also implementing these changes in your daily life. While it’s absolutely possible to wake up at 5:00am and go to bed at 8:00pm, this won’t result in a better quality of sleep or a schedule with any free time. If you want to wake up at 5am every day and go to bed at 8am, you’ll need to add an hour or two to your schedule. This will give you extra time to work out, do housework, or spend time with your friends and family. If you have a 9-5 job, adding an hour (or more) to your workday will allow you to arrive at work earlier, which means you’ll have more time to spend on the job.

How to Achieve Financial Independence: A Step-by-Step Guide

Ready to turn your financial situation upside down and begin climbing the ladder to financial independence? If so, you’ve come to the right place. With this guide, you’ll learn everything you need to know about becoming financially independent sooner in order to reach your goals. In order to get started on the path to financial independence, it’s important to understand the basic principles of the FI journey. Once you understand what these principles are, you’ll be well on your way to reaching FI sooner. Here are the five core principles of the FI journey: - Increase your net worth - Maximize your investments - Make calculated withdrawals - Be disciplined - Be patient

Wrapping Up

If you feel trapped by your job or are unhappy with your current financial situation, then it might be time to start working toward financial independence sooner. Once you’ve made the decision to start working toward financial independence, it’s essential that you follow the five principles outlined above. Otherwise, you’re not likely to achieve your goal. Regardless of your current financial situation, you can reach financial independence sooner if you make the effort to wake up earlier and get more sleep. With a little bit of effort, you can wake up earlier and begin to take control of your finances. This will enable you to make better investment choices, save more money, and live a happier, more financially secure life.

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About the Creator

Keeley Tan

Chartered Accountant (Singapore). I write about personal finance, personal development, and about my financial journey.

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