To achieve financial independence faster, focus on attacking principles rather than defensive tactics.
The secret to financial independence.
- Earn
- Save
- Invest
But often the focus is on saving money.
So a whole bunch of tactics is born on the internet.
- How to save money while shopping.
- This bank Vs., This insurance Vs.,
- Buy your coffee here instead of there...
But doing all this takes time and energy.
And this resource is the most precious.
It can only be invested once.
Either in these defensive tactics (saving) or on an offensive strategy (gaining more).
- Review your customer acquisition strategy for your business
- Learn a new skill to accelerate your career
- Prepare to negotiate your next salary increase
- Look for another job that pays better
1. The offensive part offers the biggest potential.
There is no limit to what you can earn, but there is a limit to what you can save.
Scouring the internet for the best plan, changing banks, and going to a place much further away to shop, takes time.
2. What if you invested that time to:
3. As with many things, it's not an either/or situation.
You have to mix it up and be careful to stick to the principles, not the ever-changing tactics.
Bank fees are a big drag on your financial independence. Do your research once. Choose your broker and stick with it (principle). Maybe at some point, another broker will have a (temporary) offer that is a little more interesting (tactic). But is it worth changing and investing time and energy?
Not matching your expenses to your earnings is a decision you make once. You don't need to dive into the details of your expenses every month. The big picture is enough (By the way, it doesn't change much from month to month).
4. After you have the few principles in place that allow you to properly manage your defense, spend your time improving your offense.
Your potential is unlimited.
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