Financial freedom eludes so many people these days who by all logical conclusions and observations should have obtained it. Its commonly cited as one of the most important and sought after goals in life and yet is rarely attained. This article does not attempt to give you a magic formula for success but I do share with you the choices that made a difference to me and can, if you choose put you well on the path to freedom.
Consumption
You can choose to spend some or all of your money on consumption items. These include food, entertainment, holidays, housing, motor cars, hobbies, and so on. These are things we need to live on a day-to-day basis. They also consist of items that service the things we want and so improve lifestyle.
Investment
You can choose to spend some or all of your money on investment items such as revenue producing real estate, shares, interest bearing deposits, businesses that produce revenue, etc.
Consumption or investment
Two important factors need to be understood about the simple concepts of consumption and investment.
The first factor is that spending on consumption items results in...
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