Portfolio

Focus on Financial Freedom Part #2: Developing a Net Worth Mindset

So how did the first exercise in achieving Financial Freedom work for you?

Now that you hopefully know what financial freedom looks like for you the next step is developing a net worth mindset. This is the cornerstone principle for those who want to achieve Financial Freedom.

Benjamin Franklin described one of the most important principles of personal finance as follows. He said;

“There are two ways to increase your wealth. Increase your means or decrease your wants. The best is to do both at the same time.”

Step 1 was determining what Financial Freedom means to you (the “Why”) and now Step 2 Developing a Net Worth Mindset will allow you to move onto summarising your starting point and destination.

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Joe Cunnane Practice Owner TRA Professional Services       Qualifications:  FCA Chartered Accountant & AITI Chartered Tax Advisor Joe has over 20 years experience working in both private practice and industry ... Read More »