Financial freedom’s journey is not an easy journey as some people think, it requires a lot of discipline and hard-working.
As some people are still in what I called “Debt-trap” the research has shown that the average American family still holds $6,700 in credit card debt and 76% live paycheck-to-paycheck. The average household with any type of debt owes $132,529, plus mortgages.
But the good news is that is possible to be financially free if you can adhere to this started financial freedom laws below.
Laws of Financial Freedom for who want to be Debt free this Year
I have highlighted here what I have read and learned through my financial freedom journey.
The Law of Abundance
This law states, “Some People become rich and wealthy because they decide to become wealthy.” We all live in a world of abundant in which there is enough money for all that are hardworking and are willing to obey the laws governing its acquisition.
The Law of Exchange
This law infers that for humankind to obtain or create something, something of same value must be exchanged or lost or destroyed before they can get something in return.In other words, Money is the means of exchange through which people exchange their services /labor in the production of goods and services for the goods and services of others.
The Law of Capital
Your mental, physical capital and, your earning ability are the most valuable asset, in terms of cash flow. And according to Wriston’s Law Capital “Capital (this include idea or talent) will always go where it is welcome and stay where it is well treated
The Law of Time Perspective
Tell me most successful people in any society and I will show you who take the longest time period into consideration when making their day-to-day decisions. That is, the higher you hierarchy in any society, the longer is the time perspective of that person
The Law of Saving
If you want to have financial freedom is short and long-term start saving 10 % or of your income today. Saving will become your habit as time goes on… and you will be financially free trust me! So rule your habit today to attract more money into your life.
The Law of Attraction
Do you know “like attracts like”. That means what you pursue, what you like and what you care about, will attract you. The more money you save, the more wealth you attract into your life.
The Law of Compound Interest
Albert Einstein described this as the most powerful tool in our society. When you allow your money to accumulate at compound interest over a long period of time, it increases.
You make more by investing your money carefully and allowing it to increase at compound interest.
The Law of Accumulation
Little things count, and you can start small and grow big. Every great financial success is an accumulation thousands small efforts and sacrifices – a little here and a little there – that people never sees or appreciates
The Law of Acceleration
It is the few drops of water that make the big ocean.The faster you move toward in your journey of financial freedom, the closer and fast it moves toward you.
The Law of Investing