The concept of financial liberalization - how can you achieve it?

Financial liberalization is a concept that refers to reaching a level of financial security that enables an individual to live his life without material anxiety.

The path to achieving financial liberalization varies from person to person, depending on their personal financial goals and individual circumstances.

However, following the principles of smart spending, investing smartly, and proper financial planning can help anyone achieve financial liberalization and achieve their financial goals.

In other words, a person enjoys financial freedom when they have enough passive income to cover all their expenses and needs, without having to rely on a traditional job or a single source of income.

It is worth noting that financial liberalization may not be sustained throughout a person's lifetime, but it can be achieved at intervals, whether close or far apart. This is according to the surrounding circumstances and the will of man himself.

So it's important to remember that financial liberalization is a journey, not a destination. You'll face challenges along the way, but with patience and perseverance, you can achieve your financial goals and live a life free of financial anxiety.

What are the goals of financial liberalization?

Financial liberalization usually involves achieving several financial goals, including (in general):

• Repay all debts such as mortgages, car loans, and credit card debts.

• Form an emergency fund to cover unforeseen expenses, such as job loss or illness.

• Investing in the future such as planning for retirement or educating children.

• Achieve other financial goals such as traveling, buying a new home, or starting a business.

• Special goals related to the person himself, and the nature of his social and economic life.

How can financial liberalization be achieved?

In short, there are many ways to achieve financial liberalization, but first you need to seek this in a phased manner. You should adopt the following ideas:

• Increase income by getting a promotion at work, starting a side business, or investing in income-generating assets.

• Reduce expenditures by creating a budget, tracking spending, eliminating unnecessary contributions, and reducing debt.

• Invest intelligently in assets such as stocks, real estate or ETFs.

• Live below your budget and save money regularly.