Bouncing Back: 5 Steps to Achieve Financial Freedom in 2024

Around this time last year, I ordered journals for 2023.?

For me, 2023 was the year I committed to achieving all my set goals.?

However, we were welcomed by a cash crunch in January, followed by elections in February, subsidy removal, forex unification, and other challenges.

To be honest, the “gbasgbos” this year was just too much, but here we are in December.

If you're feeling a bit down because you didn't quite hit your 2023 financial goals, take a deep breath and relax. You're not alone.?

Not everyone managed to check off everything on their list, and that's totally okay. Life has a funny way of throwing us curveballs, and sometimes our plans just don't pan out the way we hoped.?

But here's the thing: it's not the end of the world. You've got a whole new year ahead of you, and it's the perfect opportunity to turn things around and set yourself up for financial success in 2024.

So, let's talk about how you can make sure that 2024 is the year you finally achieve that financial freedom you've been dreaming of. It's time to take control of your future and set yourself up for success. Here are 5 things you need to start doing to ensure you finish 2024 on a high note and achieve your financial goals:

1. Create a Clear Financial Plan: The first step to achieving financial freedom is to have a clear plan in place. Take some time to sit down and assess your current financial situation. What are your income sources? What are your expenses? What are your short-term and long-term financial goals? By having a clear understanding of where you stand and where you want to go, you can start mapping out a plan to get there.?

This is why I celebrate those who are part of the MoneyAfrica community. They have a financial journal that comes with their subscription package. "I have my plans in my mind, or in my son’s notebook," is not a plan. Here is the sign that you need to join us asap if you are not part of the community. Also, take advantage of the ongoing discount. Send a mail to [email protected]

2. Set Attainable Goals: While it's great to dream big, it's important to set realistic and attainable financial goals. Break down your larger goals into smaller, actionable steps. Whether it's paying off debt, saving for a down payment on a house, or investing for retirement, setting specific, measurable, achievable, relevant, and time-bound (SMART) goals will help you stay focused and motivated.

3. Invest in Yourself: Investing in yourself is one of the best investments you can make. Take the time to learn new skills, further your education, or pursue certifications that will make you more valuable in the job market. By investing in yourself, you'll increase your earning potential and open up new opportunities for career advancement.

4. Track Your Spending and Budget Wisely: Understanding where your money is going is crucial for taking control of your finances. Take the time to track your spending and identify areas where you can cut back or make adjustments. Creating a monthly budget can help you allocate your income towards essential expenses, savings, and investments. Embrace the mindset of living within your means and prioritize your financial goals over unnecessary expenses.

5. Hustle Harder: If you want to change 9your financial stature in 2024, you're going to have to put in some extra work. Whether it's picking up a side hustle, taking on freelance gigs, or putting in extra hours at your current job, finding ways to increase your income is key. Look for opportunities to leverage your skills and talents to bring in some extra cash. The more you hustle, the closer you'll get to reaching your financial goals.

So, there you have it. 2023 might not have been your year, but 2024 is a clean slate waiting for you to make your mark. By creating a clear financial plan, setting attainable goals, tracking your spending, hustling harder and investing in yourself, you'll be well on your way to achieving financial freedom in the year ahead. It won't be easy, but with determination and a solid plan, you've got this. Here's to making 2024 your best financial year yet!

If you need help with how you can structure your investment for next year, send a mail to [email protected]

Also, don’t forget to take advantage of our REITs investment returning 20% per annum. This product is available on Ladda.

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