Financial independence as the equivalent of freedom
Possession of money is an opportunity to lead a freer and independent life in that place of our planet where you wish. This is the main advantage that financial independence gives. The realization it came to me after I compared the quality of life in my homeland and to Thailand. After that I got an incentive, and financial independence turned from an idea into a plan.
After analyzing everything that I encounter in my homeland, with how it happens in other countries. I decided to take up my own financial education. After that, I read many books about finance and started looking for a mentor in financial matters. I found it in the form of a huge amount of information on the Internet. So far, there have been attempts to get the information I need at trainings, courses and similar events. In my opinion, this is like in traveling, better and more useful when you find out everything yourself, without losing your money.
The financial analysis
I began with an analysis of my financial condition, made a financial report, and realized that the way I am going now will lead me to a dead end later on and to financial failure. If I lost the only source of income form work in a company, I will automatically remain without means of subsistence. A financial plan was needed, which included strategies for creating the necessary assets and a investment fund for future investments. It was also necessary to increase the income from work, in my case it was necessary to look for a favorite business.
Many successful people share the view about that a favorite business will help you create the necessary capital, which, in the case of a competent investment, will be able to provide you with dividends. Then you can only live on the interest from these investments. My favorite thing is travel, good music, and self-education.
I plan to open a music bar, a restaurant and build a hotel by the sea. But doing business in the socio-economic structure that has developed in my homeland is not profitable, and it is not easy at all. This requires money. Therefore, I have a blog where I talk about my experiences in this adventure. And you friends can help me if you use the Booking.com for planning your trips.