Financial freedom: four habits to avoid losing it

When talking about financial goals, one of the first that stands out is to make money work for itself, not depend on a job for income at home or in the personal sphere and to be able to generate investments that provide stability and stability in the future. contribute to sustained growth of the economy to, With all this, improve your own living conditions and those of everyone around you.

To achieve this, it is undoubtedly necessary to have financial freedom, that is, to reach that point where you can have enough income to cover all economic needs without having to work.

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In this sense, Nathalia Barón, co-founder of Dinero Consciente, explains that the relationship one has with money is a direct reflection of each person’s beliefs and level of consciousness regarding the importance of financial intelligence and that to ensure economic freedom it is not enough to want it, but rather a plan must be developed. plan and be very rigorous in the steps established to fulfill it.

“It is essential to incorporate habits that promote lifelong well-being and personal growth into everything we do while creating money. “You have to establish priorities, control spending and draw up a strategy to generate income, but above all, understand that money is an asset that must be worked on and is not simply a spending tool,” he noted.

How to achieve it?

Talking about what needs to be done to achieve this goalNathalia Barón recommends starting by spending responsibly, limiting whims to 10% of monthly income, warning that in an environment where consumer credit has increased, it is crucial to avoid unnecessary debts that can generate guilt or financial stress.

“Creating a completely fluid relationship based on well-being also requires recognizing limiting beliefs at an unconscious level and programming the mind with actions that will allow us to transcend these limitations with money. Everything that happens to us with money, basically, has the purpose of giving us life learning,” Barón explained.

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This expert also suggests saving with a view to the future, allocating between 10% and 20% of monthly income to the growth of productive assets, taking into account that with inflation impacting purchasing power, it is essential to create a fund that allows investing in assets such as real estate, financial assets or ventures.

“Incorrect habits in money management prevent the generation of well-being, so it is necessary to promote a more conscious approach as an investment in stability and prosperity. Adopting a mindset of savings and wealth growth will help face economic challenges in a more resilient way,” he said.

Thirdly, for healthy financial management, the spokesperson for Dinero Conscientand indicated that it is vital to have clarity in the numbers, since given the increase in the costs of basic products and services in Colombia, financial control tools, such as spreadsheets or mobile applications, allow for anticipating monthly expenses and obligations.

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“Some of the most common mistakes that are evident in managing finances can be blindly trusting people who promise astronomical returns without guarantees, spending everything received without prioritizing savings and depending on a single source of income. Digitalization has also transformed the financial landscape, so it is essential to be aligned with the trends of today’s world,” he said in this regard.

Finally, among the recommendations, he added that investing in personal education is key to thriving in a competitive labor market, reinforcing digital skills or exploring new fields of study can open doors to better economic opportunities. Additionally, it is advisable to avoid excessive use of credit cards and plan ahead, as these habits protect of possible over-indebtedness and align finances with current trends.