Hello Hivians it's been a while since my last post. A lot has been going on since then. Mainly i was working a lot. But now i quit my job and decided to focus on crypto in order to achieve financial freedom so in order to achieve this i will start to follow these steps.
Develop a budget: Knowing my expenses and how much you need to save and invest is the first step to achieving financial freedom. I will Create a budget that takes into account all of my expenses, including living costs and savings.
Minimize expenses: Look for ways to reduce my expenses and live below my means. This will give me more money to save and invest, and help you achieve financial freedom more quickly.
Educate myself: I will Start by learning the basics of trading, including the different types of assets, how markets work, and the various trading strategies and techniques. Read books, attend online courses, and keep up with financial news and analysis.
Develop a strategy: I will Choose a trading style and strategy that suits my personality, investment goals, and risk tolerance. Make sure i have a well-defined plan for entering and exiting trades, as well as a risk management strategy in place.
Keep a journal: Keeping a trading journal can help track my progress, identify your strengths and weaknesses, and refine my trading strategy over time.
Manage my emotions: Trading can be an emotional rollercoaster, and it's important to keep a level head.I will try to Avoid making impulsive trades based on fear or greed
Stay disciplined: Consistently following my trading plan and rules and i won't be making exceptions
Stay informed: I will Keep up-to-date with the latest financial news, market analysis, and industry developments. In order to make better decisions and stay ahead of the curve.
Practice Practice Practice!!
Financial freedom is a long-term goal, and it takes time and effort to achieve. I will have to be patient and persistent, and don't give up on my goals, even if they seem difficult or far off.
https://www.moneyfit.org/financial-freedom-means/
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