Hi, this is Sean from Value Investing College and today, I want to share with you how to achieve financial freedom investing in the stock market. Now, before we go into the stock market and how to achieve financial freedom, let’s go to what exactly is financial freedom.
Think about it this way. Imagine you have an income stream that goes into your bank account month after month or quarterly after quarterly and this amount of income stream can cover all your expenses. For example, the amount of income that you get every last day of the month let’s say is about 5,000, 6,000 and it can cover your house mortgage, your transportation, your food, your entertainment, your education and when it covers all this, you don’t really have to work anymore, to have to work actively at least and this is a state where we call financial freedom.
Here comes the question. How can we create this income stream? And this is the portion where we talk about investing. Investing is to let your money work for you so that bringing more money and to the point where it covers your expenses, you become financially free.
And let me share with you my favorite vehicle. My favorite vehicle is the stock market and the reason why I like the stock market so much is because we can start with a small amount and something small is important especially if you are a new investor because it allows us to test the water, it allows us to get started.
So, how small is small? In fact with just $100 per month or $100 first time for quarterly, you can get started to buy in some of the best stocks around in Singapore and some of these stocks, as I mentioned in some of my videos and in my workshop, that these stocks are businesses that every single day, they are working for us. Now, as we add in our amount, this $100 will increase and this $100 will produce maybe perhaps let’s say $2 per year or $3 per year and as you compound and add in, it becomes from a 100 to 1,000 to 10,000 and this income stream will increase and that’s where ultimately you achieve financial freedom by taking small steps and compounding it and that’s why it’s my favorite method by using the stock market to achieve financial freedom.
So, this is what I’m going to share to day. Start by investing to achieve your financial freedom and consider the stock market because you can start small and make the right choices by the good stocks which are shared a lot in my workshop. You can come and learn how to pick the right stocks to achieve your financial freedom. Now, this is Sean from Value Investing College and I hope it helps you in your investment journey.