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The (Not So) Easy Journey Towards Financial Freedom

  • Sandy Lim
  • Aug 3, 2020
  • 1 min read

With the 2nd wave of COVID happening to countries around us, is your plan to financial freedom affected in any ways?


We are all braving uncharted water here with the unemployment rate being highest in 10 years - https://www.channelnewsasia.com/news/singapore/unemployment-jobless-highest-10-years-retrenchments-mom-12835166


Let us not be despair! There will be light at the end of the tunnel! How can we keep our anxiety in check? We need to control ourselves through our own emotions first. Do not let anxiety and fear cripple us. Calm ourselves down. Here's a Forbes article on 6 practical ways of managing ourselves - https://www.forbes.com/sites/margiewarrell/2020/02/10/coronavirus-panic-how-to-keep-your-cool-when-others-lose-theirs/#5f1f48e41e99


Only with a clear and calm mind, we can then re-draw our own journey towards financial freedom. I find this article still relevant for today's situation - https://www.all-assured.co/post/the-not-so-easy-journey-towards-financial-freedom

  • Increase our cash flow

  • Investing

  • Paying off our debts

Do spend some time taking stock and re-chart/re-draw our journey if need be, and give priority to things that really matter to us!

 
 
 

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