Financial Freedom Lessons and Key Takeaways:

1. Don’t expect your parents to fund anything of your lifestyle. Or give you money. Instead give them your money. You have your reasons for doing so.
2. Whatever money you get save, save, save because that is the way you will survive outside your parents house. Keep saving even while going to school because then you can have emotional security and the financial wisdom to realize that you have time on your side and must use it well.
3. Do something different by researching different options of saving and managing your time.
4. Clarity- living with parents and paying them. Eventually I want to live on my own and get married and keep working and separate my income from my eventual spouses.
5. Almost reached here. Last month was definitely a learning curve. I did it though! I am proud of myself. My expenses are pretty minimal though. No worries here. My parents know what I will and will not buy. My family knows I hate spending so no problems here. Only problem are books and reading them. Which is a good problem to have.
6. Work and do not get involved with peoples issues.do you work and leave.
7. Pay your dues to your parents, yourself, and to those you need to and you will be fine.
8. Save wisely. Every time you spend save something. Every time you earn save something. Every time you get a refund save it. Saving is important. Do not spend. Continue to be a model of financial saving success to your relatives. Avoid spending on unnecessary things and save instead.
9. Live life on your own terms by managing your money on terms that suit you and no one else. Including managing it. This requires a new perspective and stop listening to broke relatives who know nothing. Instead let them learn from you. Just do have your mother in the same room.
10. Let others learn some of your saving techniques. It surprised people when you told them one of them and it brought you joy. Just don’t burn any bridges by being too forthcoming about why you did it this way. You don’t want to cause a chain reaction that you know more than them. Keep being undervalued and under appreciated. Use that to dream your way out one dime, one class, and one poem out and on to God’s best.
11. Use your time well. While people goof off during the summers and breaks read, save, and invest time in yourself and in your relationships. Keep those three going because eventually your going to need it later on down the line. Set goals and achieve them. Set deadlines and use feedback analysis to measure where you ended up and where you can improve and do better in.
12. Start early and save money every day through different saving techniques that you found on top of your savings plan and your spending savings. Save while you are still going to school whether $5.000’s a week. It adds up. It makes you more self-reliant and less resistant to being told what to do with your money. Save whatever you want. Just do not deny yourself the little joys in life.
13. What do you really value most in your life? My friends and my mentors and my aunts. My relationships with them are important to me. as is my relationship with my siblings that I keep in contact with. I value time more. I value my ability to move and to sense things because life is short and I have to enjoy as much in life as I can take.
14. When you see the true value of money, you naturally spend less. I love what I buy and it doesn’t cost much. Outside of books and groceries I don’t spend anything really. Unless it is for school. I hate spending money and only do so because I have no choice. My natural instinct is to not use money and to save it or to get things for free or for a lower price. I don’t know why I am like this but I have never been in any financial issues because of it.

Biggest Takeaway:

What I learned was that I have to save by compound interest in growing my savings by letting it multiply without touching it and keeping adding to it. I also learned that parents are not a free financial bank. I have to fund my own lifestyle if I want to survive. Which I do. My parents taught me well through having to shoulder responsibility for my siblings financial issues to never rely on anyone to bail you out of financial trouble. Only you can do that yourself through hard work, working a paying job, controlling your spending, and saving enough to move of and never return. Also to avoid debt like the plague.

Quote in Summary:

“Assets is better than liabilities because with assets you are building wealth and maturity and with liabilities you are building debt and depreciation of time, motivation, and aid. Move wisely with your finances and your time.” ( )

Clear guide with examples provided. Overall good framework to start with. ( )

There's a lot to this one. Side hustles, the math behind financial independence and life-strategies on how to fit money into your life. One side that stood out to me was the side hustle side - something I've historically been pretty awful at. I think some of the strategies here rank money over time - a rough balance to get right. ( )