My Plan To Become Financially Independent In 2021 - Step 1: Reduce Cost Of Living
This is my plan to become financially independent in 2021, and the first step is to reduce my living expenses.
Graphic made in Desygner
Hi there and welcome to my vlog, my name is Erik Gustafsson and I go by the handle @flaxz on 3speak, CTPtalk and Hive.
My Plan To Become Financially Independent In 2021 - Step 1: Reduce Cost Of Living
In this video I talk about my plan to become financially independent in 2021, and step 1 is to reduce my cost of living.
So as I have had some free time in the recent holidays I have gone over my entire budget, and my living expenses each month, and I have identified where I can cut costs from 2 categories.
- Things that are more for convenience than a necessity.
- Things that are necessary but where I have been able to find alternatives.
I have started the process of cutting away these costs, and it will be fully complete in 2 months time, some subscriptions and such does not stop instantly, and when it's done I will have cut my living expenses with 50%.
So this is a great reduction of my monthly costs of living, and the coming steps will cover how I plan to earn my living online, it will not be easy and it will not happen in a few months time, but I am hopeful that it can happen before this year ends, and it will totally be worth it.
Watch the video to get more details.
Enjoy Watching The Video!
Stay Awesome!
Sincerely,
Erik Gustafsson
This is my own personal opinion, do your own research before investing, and seek legal counsel if uncertain.
Credits For Music
Royalty Free Music from Bensound, track Hey!
Made in Desygner
Made in Canva
Made in Desygner
This is my own personal opinion, do your own research before investing, and seek legal counsel if uncertain.
▶️ 3Speak
Posted using Dapplr
https://twitter.com/ErikGsn/status/1345431363391000576
Thank you sir for sharing this post. To someone like me who is actually trying to be self dependent, this post will help me. And I wish that in the next few months, I should be able to do that.
Thanks a lot, yes starting by reducing costs makes the journey so much easier, it's a double win basically, first you reduce your spending and then you have more money to build a passive income with, I wish you an awesome day.
!ENGAGE 20
Thanks so much
Enjoy your day too
ENGAGEtokens.I'm going through a simliar path. Because my governement forced me to close my offline business (covid), my income is quite reduced at the moment.The first step I took was to reduce all costs that weren't 100% necessary.
I wish you good luck in achieving financial independence!
Thanks a lot Achim, and sorry to hear you got closed down, there is a lot of that going around these days, but great that you are taking action to improve your situation, I hope you will reach your goals too.
!ENGAGE 30
ENGAGEtokens.hello dear friend @flaxz
Your plan sounds great, the reduction of unnecessary expenses will undoubtedly be the key. I really appreciate that you shared this strategy
have a great night, happy dreams
Thanks a lot @jlufer, yes that is where it is most important to start, it makes the journey shorter and also gives me more resources to build a passive income with, I wish you an awesome day.
!ENGAGE 25
ENGAGEtokens.Wow that's quite a cut! Just that will be a massive difference for sure!
Hope it all turns well!
Good luck for this year Erik!
I'm sure you will be fine :)
Thanks a lot Eliana, yes it will not be easy, but totally worth it though, and I have a plan, I wish you an awesome day.
!ENGAGE 20
ENGAGEtokens.That is My plan and almost there!
I did start a year ago though, and it's about how long it takes.
Good Luck, a Very worthy venture!
👍🏼😸🐝🌴🐝😸👍🏼
Thanks a lot, and really great to hear others succeeding with this plan, and also that about a year is the right time frame, I wish you continued success on your journey.
!ENGAGE 25
ENGAGEtokens.