The formula for financial freedom.



I should write a book about this.



The formula goes a little something like this.



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It's so simple that it's hard to make it happen.

It takes a few steps but the first one is getting your money in number as high as possible. That's what makes the end number massive.

That's where you have the most flexibility as well. There are always ways in which you can increase the money in.

Not easily but there are hundreds and thousands of little side hustles that can be used to add extra revenue to your budget. Theoretically there is no upper limit on this range and

Changing the money out figure is much harder after a certain point and there is a lower limit on this. Every single person has a minimum amount that they need to survive the week.

There are lots of ways to reduce spending and to lower your expenses on a weekly basis but you still have the basics and lets be honest, it's no fun living on a shoestring budget. It's no life really if you can't enjoy the money that you earn so i wouldn't recommend it.

Make cuts to the unnecessary bit and pieces but having fun is definitely an important part of life.

Then comes the important part of the formula. Put that money to work.

There is no point in saving $1000 a month to leave it sitting there in a bank account with 1% APR. At the rate of inflation that we are seeing these days it's just losing value every day.

Now the higher the return that you can make on your money the stronger your end number will be but that comes down to personal choice at the end of the day. We obviously all love crypto but as we have seen today it is not without it's perils.

There are much safer ways to go with investment funds, land, houses or legacy stocks that should still keep you ahead of the game but the most important thing is to put it to use.

Time is also a factor in all o this as you will have a lot more comfort after doing it for twenty years than after two but overall i think that if any of us can keep increasing our income. Keep our costs to a minimum and put the balance to work in one form or another then you should have a very comfortable life.

This is the simplified version of it but you can break it down further and further if you have the time.

Different ways to earn extra.
Different ways to save money.
Different places to invest.

So many options to optimize our funds every day.

Luckily we have leofinance as a great way to do two of them.

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11 comments
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Thanks for sharing your thoughts on the formula. I agree that it's important to put your money to work. And you're right that there are so many different ways to do that. You don't want to put all your eggs in one basket, so to speak.

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You don't want to put all your eggs in one basket, so to speak.

It's good to spread out your income and investments.

The majority of mine are tied to hive but not all of them. To me this is the best place to make a profit and put it to work.

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simple but I have never really done it. HBD savings is so cool because I watch myself earn every day. Not sure where HBD will end up with regard to APY but for now, I'm loving it. I imagine I should take the future HBD I earn and buy hive with it. We are definitely in that range!

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The best ideas always are.

HBD savings is so cool because I watch myself earn every day. Not sure where HBD will end up with regard to APY but for now, I'm loving it.

I don't think that 20% APR is sustainable in the long run if more people get involved with it but for now it's the best thing for us.

I'm looking for 25c hive and trade all my HBD to hive until we come back up. Then trade back to HBD.

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It's simple to see but hard to actually practice. There are a lot of factors and not every single income source will come out the same each month. I do think that you should also add in compound interest to make it more of a reality.

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Back in the days when a piece of candy cost 2 cents or when a First Class letter cost 3 cents to send, people were allowed to keep more of their money. They may not have earned much, but what they earned they were able to keep. Much that that kept money was socked away for a rainy day or for savings devoted to some future goal such as buying a house or setting up shop.

Then came income tax, and you can guess the rest of the story. Included were loss of capital saved as well as the introduction of inflation as a regular feature of life. That piece of candy now costs at least 25 cents (or is part of a bundle for a dollar). In 2021 a First Class letter costs USD 0.55 to send; as of today, postage for a First Class letter now costs USD 0.58.

Even in the years before the Brandon Era, it was difficult for most of us to save money for a rainy day, never mind for a goal such as a house or even a car. This despite people "earning" double or even triple what their parents or grandparents had earned.

The basic formula still applies; it's just harder to execute given extra factors such as inflation, currency debasement, and income taxes. Given how traditional finance is riged in favor of the big players, many people are turning to cryptocurrency to even the playing field if not to participate in the greatest "gold rush" since California 1849.

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They may not have earned much, but what they earned they were able to keep. Much that that kept money was socked away for a rainy day or for savings devoted to some future goal such as buying a house or setting up shop.

Back in the day you got paid based on how hard you were willing to work. Things have changed a lot since then and people who work all week have nothing to show for it after bills are paid.

It's not easy to break the cycle but i do blame consumerism for a lot of it as back in the day people spent their money on priorities rather than stuff.

The system is rigged against the working class even if they don't help themselves.

It's nt going to be easy to change a culture and mindset.

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Different ways to earn extra.
Different ways to save money.
Different places to invest.

Yep when you break it down it's simple, but it's amazing how many people still don't get it and leave all the extra in the bank or buy pointless wasteful shite...

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The best ideas are always the simple ones.

Still amazing how many people will struggle with it even when they have been told time and time again.

Oh well. More for us.

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