Getting A Rich Life
Think differently to build wealth.
by Charles Hua

Financial freedom is when my surplus money exceeds my annual earnings. At that point the needs for a high paying high stressful job is no longer necessary, it will allow me to take risks that I want.

Everyone needs to understand budgeting and debt.  You might not understand investments as there are so many choices, but you need to know how much things really cost.  

Cut expenses, minimize your housing costs and tax burden.  Defer as much as you can into tax advantaged accounts, while taking all the tax breaks you are entitled to.  Invest in the markets monthly. Prioritize to save for a home and get into a reasonably priced one, forget the Ipads and other junk that get in the way.

No easy way to financial freedom, just start investing and keep investing regardless of how markets are doing.  If you price real estate correctly, and invest in the markets monthly you'll always make money with time. Time is the key to successful investing.

When starting out live like  a college student for a few years.  Have roommates, drive a cheap car, don't blow your paycheck on frivolous things.  The two largest expense for most people is housing and transportation, control that and invest the rest.

Pay yourself first.  Automate everything so you don't see it in your paycheck.  You won't miss it.  My household budget is set on after maxing out all retirement contributions.  Contribute consistently until it hurts, then contribute some more.

 



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