Early financial Freedom can be achieved through Disciplined approach in investing.
Few important things required for calculating retirement planning which will helps us to be financially free.
1- Inflation – which depreciate the money value day by day. we need to calculate the amount of expenses we have now and what will be having after early retirement phase. this can be calculated by amount of expense compounding by no of years with inflation.
2- Investing – there is no best time for start investing, do it now. be discipline in your approach of investing. start investing in SIP on monthly basis which would be having compounding effect.
3-Saving – save more by cutting expenses and optimize tax . Use tools to track your income and expenses.
4-Increase your income – income can be increased from multiple ways like passive income from copywriting, rental income , stocks, dividend.
this all can only be possible from Discipline, Investment and income growth. also you need to find the best financial planner in your vicinity who can plan your personal finance in better way.
