It is not enough just to be financially literate in order to successfully build your wealth and live the life you dream of.
It’s safe to assume that the vast majority of people are aware of the benefits of saving money and the potential harms of consumer loans. Moreover, everyone is well aware that part of the savings must be invested either in your own business or in the stock market. And it’s better to go there and there.
But even if someone really does not know such fundamental things, then information in our time is perhaps the most accessible, effective and, at the same time, practically free asset.
So what else is needed?
In our article on passive investing, we strongly emphasized that self-discipline is one of the cornerstones in building personal financial independence. This is more than an obvious fact.
It can also be seen that many who would like to become an entrepreneur or even just a passive private investor lack motivation. Lack of motivation can be the result of pessimistic views on the future, as well as disbelief in yourself and your abilities.
The only thing that can be said for sure is that almost all people are subject to outside influences to one degree or another. And this influence is not always positive and useful.
For the average resident of a metropolis, living within their modest financial means, it is extremely difficult to avoid the impact of the flow of negative information, which does not at all contribute to an optimistic view of the future not only of their country, but of the whole world, and, as a result, the desire to create and develop their own company disappears completely.
At the same time, people who understand that gloomy predictions and ranting about the future are nothing more than air vibrations are shifting their focus to more useful things, namely their own well-being, which includes both psychological and financial aspect. And it is they who will then be able to freely choose where to live and what to do.
It is not necessary to run to create your own business. Not everyone is suitable for this and not everyone should be entrepreneurs. Regular hired work has many undeniable advantages compared to your own business.
But self-discipline, humility, frugality, moderation, and a focus on what really matters will always contribute to your future financial freedom, no matter where you start.