These 5 tips are really all you need to consider when trying to become financially free. When it comes to the most basic form, these 5 steps will put you in the right direction!

Creating a budget will be priority #1, because without it, you won't know where your money is going and where you can allocate it instead!

Reducing credit card debt will be the second priority as it holds the highest interest rate which can cost you a lot of money!

Your automatic savings is number 3, because this way you don't have to think about saving money – it happens automatically, which will greatly increase your chances of actually saving money!

Investing in index ETFs is number 4, because it's the most basic way to ensure your money can grow over the years without the massive risk of investing in individual stocks!

And last but not least, repeat this process if you ever experience a setback or your situation worsens. As you get promoted, make more money, get a college degree of some kind, re-evaluate this process, and then adapt it to your situation. Consistency over the years is key – Compounding gains and perseverance will have incredible benefits!

I hope you found this video helpful, thanks for watching! 🙂

Disclaimer:
I am not a personal finance advisor and, as such, I am not responsible for any financial decisions you may or may not make after watching this video. These videos are intended for entertainment purposes only.

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