Think of Financial Freedom as a game. A game where the goal is to achieve financial freedom by having passive income greater than expenses.
Passive Income > Expenses
This game will be fun, because it is real life and you come out better than when you begin, when you see yourself winning and get closer to financial freedom.
Before you begin, be sure to set aside an Emergency fund which you can use in times of need. This will not be part of the game. Ideally you should set aside about 6 months of your salary or allowance to be on the safe side.This will tide you through times of unemployment or lull periods, maintenance fees etc.
First, you need to find out where you are standing now. Am I ahead or still have some distance to go ? To do that you need to calculate how much you have and how much you spend. Use this tool to see how far or close you are to FF.
Once you identify your position, you will be able to find the strategy to help you win. It could be investing in stocks, property, or running a business. You can try out various investment instruments that generate passive income or positive cashflow for you. Read books on what are different investment means and which are more interesting to you.
There may be times when your strategy works and time it doesn’t Do not be disheartened.
Like a game, you win some, you lose some. Try again.
Tweak or rework your strategy, once you find the winning combination, stick to it and enjoy the process. This is a game played by you alone. You are not competing against others though you may want to check with your friends or a mentor on your progress. It does not matter what others are doing. It may work for them it may not work for you.
Unlike the rat race, this is a game you can win. It is just a matter of time. The younger you begin the better position you are to reach financial freedom early. Even if you feel old, remember today is the youngest you will ever be. So start today for tomorrow is a day too late.