What Is Financial Freedom?

Before I start, let me briefly talk about the current book I'm reading. It's called "What Your School Never Taught You About MONEY". It's written by a Singaporean, so although it is a bridge apart from Malaysia, what I have read so far is pretty practical even for a Malaysian and contains many good advice and quotes.

So back to the topic at hand, what is financial freedom? The best definition I've read so far came from the previous book that I was reading by Yap Ming Hooi. He mentioned that financial free mean different things to different people which is why, financial freedom is whatever target you have set for yourself financially.

In his book, what he focus on mainly was that how much you will need to sustain your life after retirement and for how long. But as for people like me, who has just started working not too long ago( although 2 years does seem like a long time), retirement is still pretty far from my mind, I have personally set certain target I would like to achieve within the next 5 to 10 years, which ultimately in return help to achieve my dream. Which is to be financially free!

So, what is financial freedom to you? This is a really good point to ponder.

Keeping Track of Your Finances

I've just finished a new book lately titled "The Road Map to Financial Freedom". The book is about 200 pages but focuses mainly on one thing, creating a road map to financial freedom. And it repeats over and over again based on the different clients that he has had.

Although very repetitive, I believe that it has one key point that is really important that I have yet to follow properly, which is to keep track of your finances, like your savings, spending, investment etc. To tell you the truth, I've stopped keeping track of my spending quite long ago when I roughly figure out how much I roughly need to spend and how much I can save per month. But I noticed that I have been over spending a bit lately which is why I'm back at keeping track of my spending. But the next important thing I will need to do is to keep track of my investments, which I never ever did do before. At most, all I do everyday is to click on my portfolio to see how my stocks are doing, and that's about it. I do not have a single clue, what my actual returns are.

I do believe that creating a road map is important in achieving financial freedom, but I will have the take the next step, besides figuring out how much I spend, which is to keep track of my investments and how they are performing.

I do believe that with this small step, everyone will be one step closer to achieve financial freedom. What is financial freedom? Perhaps I will cover this in my next topic to whoever my readers are. If there are any at all :)

Hi!

It's been a really long while since I last blogged. Also my previous blog was meant more as a comedy blog. However, after being in the working word for more than 2 years, I've decided to start blogging again! This time however, on a much more serious note about work, life, and most importantly, saving and investing.

I was sold the idea not too long ago about achieving financial freedom and this blog will be mainly about my journey towards financial freedom and tips on savings and investing as well as how to achieve that.

As I'm still fairly new to this, feel free to join me in this long journey on learning and discovering different investment techniques, or money tips and hopefully to reach the ultimate goal. To be financially free!