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Ever wonder what it’s like to be very wealthy? Achieving financial independence is a fluid process. Most people have to earn their wealth. But, that’s not enough. They also have to put effort into adding and maintaining it. Here are seven guidelines to help you on your way to financial freedom:

#7- Be open to investment opportunities every day.

invest - Seven Guidelines To Financial Freedom

Wealthy people are constantly looking for the next investment opportunity. They realize it can present itself anywhere: from listening to their teenage child describing the next internet platform to spotting a new product in a grocery store.

#6-Not spending is the same as making money.

saved - Seven Guidelines To Financial Freedom

It’s that simple. If you are willing to sacrifice in one area of your life, you can use that saved money for an investment opportunity. When you make money work for itself, you’ve gained money you don’t have to earn again.

#5-Beware of complex investments.

multiple - Seven Guidelines To Financial Freedom

Hedge funds and mortgage backed securities can be risky because you have no control. Also, be wary of any investments that include expensive fees. If you don’t understand the specifics, don’t invest.

#4- Don’t invest all in one things.

portfolio - Seven Guidelines To Financial Freedom

Diversify. You want to have a portfolio that includes mutual funds, stocks and bonds. Also investigate real estate, collectibles and business investments. But, do your homework first.

#3-Concentrates on assets that appreciate in value.

barras - Seven Guidelines To Financial Freedom

The very rich don’t focus on expensive clothing and cars. You may be surprised at how little money you need to invest.

#2-It’s true: money equals freedom.

travel - Seven Guidelines To Financial Freedom

You gain the freedom to live where you want and do what you want. If the time comes, you have the option of traveling to see the best doctors in a chosen field.

#1-Don’t confuse self-worth with net worth.

beach - Seven Guidelines To Financial Freedom

People who are wealthy realize you can’t buy respect, friends or love. Quality time and authentic relationships are things that money can never buy.

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