I saw the above photos from my Facebook groups which was first shared from Journey To Your Financial Independence, I do not know the owner of the photo so I just credit it to the page.
Anyway, I got a good idea from this simple flow chart, and if all people will just realize the power of the above mentioned flow chart, people will be able to gain financial freedom. I think the hardest part of the diagram is the “reduce expenses part”, especially if most of the expenses are fixed and cannot be adjusted. What I love are the steps on the left which is to increase the assets that gain income. As a person who wants to be financially free, increasing an asset that gives income is a way to have a debt free lifestyle. For me, I would choose having an asset that could give me a passive income. Mindset, Goals and Financial Planare very important since without it, a person would not be able to move from his present situation.