Your Financial Life As A Journey: What You Need To Know

 

Everybody has a desired financial life  in mind: the amount of money they want, the properties they desire to have and the comfortable life they've envisioned to live.

 

Take your desired financial life as a destination on a journey. Right now, you are standing at your current financial position which is your present financial reality.

 

Having a desired destination is not enough, you must understand how to get to your desired financial place from your present financial position .

 

This is where the concept of financial vehicle comes in:

 

A financial vehicle is a system, method or tools that takes you from your current financial position to your desired financial life. It is a major determinant of how slow, fast, superfast your journey will be.

 

In this post, we will introduce you to some financial vehicle :

 

1.    Salaried Employment: This is simply earning from salary. This is surely a good way to start but shouldn't be your stop point. If you stop at this point it is as good as trekking to your desired financial destination which is the slowest vehicle to your destination.

 

However, try your best possible to activate more channels of income and don't stay stuck to only receiving salary.

 

2.   Entrepreneurship: This is providing solutions, offering values in exchange for money.

Sometimes,you do not have to leave your career, you just have to learn the business of it. Therefore start your own business.

 

Find a need to meet,a problem to solve and a question to answer to. Money flowed in exchange for value.

 

3.   Intellectual Properties: This is your brainchild,idea, unique products and unique services. It usually requires that you labour once and people continue to pay you to access it. Examples include: books, courses, unique design and lots more .

 

Sit down and think of what you can come up with that solves a problem and is so unique to you, put your name and label. People will continue to pay you anytime they want to access it.

 

4.   Real Estate: This is a vehicle of wealth creation that also retains wealth. Invest in genuine land and properties and earn by renting them out or selling later when prices rise.

 

You can start out as a realtor and earn your commission until you are able to afford your own.

 

 

 

You would want to get to your destination as soon as possible right? It's okay to start  trekking but  don't stay there. Acquire and apply knowledge, skills and expertise that will help you get to your desired financial place as early as possible.

 

Vehicles of wealth creation are so real and it is your responsibility to choose the right vehicle so that your journey can be swifter.