Understanding The difference between financial favour and financial freedom

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When we're discussing about finances there are two word that people use to categories it, it's either financial favour or financial freedom but both works in different dimensions and directions, which I will like to explain and differentiate both in my writing today.

Financial favour can be said as a state where you get a positive circumstances or outcomes in our finances, which can be a luck or a grace, it can be in a any form by winning lottery, unexpected inheritance or it can also be a way where you just find yourself getting a lot of payment in a just little job you expected to have little paid but by luck or grace you been lucky to have a higher payment or I can also say it's a way you earn where you do don't even work for. But this might not really determine to be a long term stability if you don't make use of it wisely.

While Financial freedom is a way whereby you have the privilege to be free from any financial obstacles and you gain the control to be financial stability and you have choice to aligned with personal values and goals and this is always achieved by a very long term planning and also you can be free from financial obstacles through so many ways and if you make use of your financial favour so we'll it can turn out to be a financial freedom because when you plan it so we'll it can later be much more helpful to you and make you free from the financial obstacles.

When we're talking about Financial favour, it mostly relies on external factors that often beyond individuals controls, and it's mostly temporary because it base on external factors that may stop at anytime but at that present time that you have the financial favour you can as well be relief and opportuned to be graced with anything which if you doesn't use it wisely it can be vanished at any time.

If you experience financial favour it can be limited because you may not have the control over it and that's why we see some people who are financially favoured that has money today and later sees them struggling later to even have money to eat or do the right thing at the right time and it's not really there fault but they've totally depends on the favour they had and that should be a mistake that they don't really understand well and they often think it will be going the way it is and which is totally wrong.

But financial freedom always make us prepare for our ambition and makes us pursue our passion and create a good life for ourselves and and also provides us a long term financial stability unlike financial favour and makes us independent and always prepared us for everything we earn and gain. Financial freedom involves developing financial resilience and gives us ability to overcome all financial challenges because it's our personal effort to gain the breakthrough and not that we depend on anyone unlike the financial favour that do depends on someone or something but here we plan on our finances and make it real and we can choose the lifestyle we want and not in any fear of the financial.

Ways to financial Freedom

First and foremost is acquiring knowledge because education bring a better opportunity in our ways of life and without you having knowledge in anything to succeed will be so difficult and moreso setting up a goal will be very helpful in achieving a very sustainable financial freedom and knowledge in settling a goal is so crucial which will also help you progress and make adjustments along the way.

To be in a financial freedom you need to run away from debt and keep your savings as your priority and develop a budget that will allow us to live in any means and when we want to achieve a financial freedom we need to invest some capital and monitor your investment so well and always try and diversify in investment portfolio so as to avoid risk on the way to financial freedom.

Make sure you consider yourself in multiple income because of any obstacles can arise in a long way and been in multiple income will surely safeguard us from been fallen from the financial freedom and also try to allocate some funds for emergency is so important as well.

Lastly seeking professional advice will surely keep us growing and keep our financial freedom and we keep learning to keep growing in our financial freedom and even in our investments and all means that makes our financial freedom is so important and never blame anyone for his or her financial downfall because you don't know the cause of his or her downfall and mind your own in your financial freedom.

Thanks for stopping by my post and mind you all are striving hard to gain financial freedom and no one is a lazy being to achieve financial freedom but when you're there before other never blame them for anything.

Posted Using LeoFinance Alpha



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7 comments
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(Edited)

Gaining financial freedom entails a lot of work and planning to do.
Staying away from debts and having multiple streams of income can really help one in the journey of gaining financial freedom.

Great content.

#dreemport #dreemerforlife

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(Edited)

Yes and plans ahead so as to gain a financial freedom is so important and moreso to gain a financial freedom you need alot of strategy but financial favour is just a like winning a lottery that you don't work for but financial freedom you need to work hard and you're right with your comment.

Thanks for stopping by my post

#dreemport #dreemerforlife

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Bang, I did it again... I just rehived your post!
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!BEER
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