Financial freedom, is it really possible?

Nowadays, with recessions, systemic changes and serious doubts about global economic stability, more and more people are aiming to achieve financial independence. But can it really be achieved? Is it a utopia or a real possibility? Let’s do a little practical exercise to analyze what to take into account, what types of income are needed, and how much time it would take to get a living from your own sources of income.

First of all, you have to keep in mind that achieving financial independence means having enough income to cover all your expenses , but also allocating a percentage to save for your financial goals. Whether you’re looking to save for a house, buy a car, or simply for retirement, you’ll need to have a good flow of money (cash flow).

In this sense, there are several ways to generate additional income. You can try different types of investments, such as stocks, bonds, or Forex , or look for passive income , such as participating in an affiliate program, investing in a profitable property, or creating a digital product. You can also consider entrepreneurship, either by starting your own business or as an independent consultant.

No matter which option you choose, keep in mind that achieving financial independence requires a lot of effort, sacrifice, and commitment . You will need to spend a significant amount of time learning the basics of investing, income management, saving, and financial planning. Once you have a clear perspective on how the financial world works, you will be in a better position to achieve your financial goals.

To achieve the best results, it is key to stay disciplined and not abandon your initial plan , although it may be necessary to pivot to correct mismatches. Results are not going to come overnight, so you have to be patient and commit to hard work to reach the ambitious goal of becoming financially self-sufficient.

So is it really achievable? There are a multitude of factors involved, many of which are beyond our control. But, if you can stay disciplined and commit 100% to the set plan, there is a much better chance of achieving it. Beyond motivational speeches and crazy youtubers, if you put all the meat on the grill there are real options for you to achieve financial independence. At least 99%. So good luck!