 There's literally no one who isn't interested in securing the best financial future. We want to be financially independent and free so that we always have options to choose instead of being limited to only the things that we can afford. Even if that's not what we truly want. So at the end of the day, the end goal isn't money, but financial freedom. To become financially free however, you have to learn a thing or two about money. You need financial wisdom and knowledge to become successful. So in this video, I'll share with you the 13 best money advice. If you're new here, consider subscribing so that you don't miss out on exciting videos like this. 1. Learn how to budget, even if you don't want to. The word, budgeting, brings some sort of fear, perhaps fear of constraint to most people when mentioned. It reminds us of how much self-discipline and control we need to put in place to become successful. The truth is that if you want to create your financial freedom, then you need to learn to develop and stick to a budget. Even if it is a simple one, it might not start out easy, but it will eventually be worth it. You see, a budget gives you the big picture of how you're spending, what income you're bringing in, etc. When you create a budget, you're creating a plan for your money so that you can only track what you're spending. You can put the right amount of money into different channels. You can start using this popular and effective way to budget. It's the 50-30-20 rule. Here's how it works. 50% of your income goes towards the necessities, bills, food, housing, etc. 20% of your income goes towards savings and the remaining 30% you can use for whatever you like. It's pretty simple, right? Another option is to try using some local budgeting apps to help you do a better job as far as budgeting is concerned. 2. Span less than you earn. Look around you. Which set of people do you recognize as millionaires? I'm pretty sure it's definitely not the set that leaves from paycheck to paycheck. Right? Okay, here's the thing. To become financially successful, you have to learn to live way below your means. You need to spend less than you earn because you don't want to be one of those that leave from paycheck to paycheck. Yes, I know we all know that we should be living below our income. But it's actually very challenging to do so. Now, once again, I guess you can tell why budgeting is useful because it helps you plan and track your spending. And that's what you need to make some wise money moves. 3. Have a financial goal. The truth is that if you don't have a financial goal, then you can't achieve any financial success. Setting a financial goal will help motivate you to make wise choices when it comes to financial decisions because you know what you want and what you want to achieve in a couple of months and years as well. It means that you can make some plans for both short term and long term goals. Your short term goals might even be stepping stones towards the overall goal. 4. Spend one to three hours reading about finances and investing. This right here is called self-investment. It's about developing yourself. You know, if you want to become a financial success, then you need to take charge. It's on you to educate yourself in the best way to produce the desired result. No one or circumstance will do that for you. For you to make informed decisions, it means that you must be knowledgeable about the subject and to achieve that, you should be willing to read. Whether you read books, blogs or other well-known publications, it really doesn't matter as long as you're getting the knowledge that you need. You can learn about budgeting, saving, investing and so make other money-related terms. 5. Create a savings plan and stick to it. Saving is yet another important part of securing your financial freedom. Yes, I know it's been said over and over again, but the truth is, how can anyone get wealthy and financially independent when they don't have anymore in their reserve? If they spend everything that comes to them, there will be no money left anywhere to keep. Neither will there be net worth. The goal is to improve your net worth every passing year, because if we don't, we won't secure a financial future for ourselves. To do that, however, we need to learn to build a saving sculpture that we can stick to. You can start by saving 5% of your monthly income. Over time, you can increase it to 10% and then maybe 20% eventually, whatever plan you go with. Be sure it is something you can stick to for a long time. 6. Create an emergency fund. If you lost your job tomorrow, would you have enough money to live for a couple of days or weeks before getting a new job? Ok, here's the thing. Yes, you are doing a good job saving, but are you also ignoring the place of emergency? Emergencies are core all the time, and they are unpredictable. They could involve things like car repairs, house repairs, natural disasters, job loss, medical expenses, etc. To create an emergency fund, start by setting up a 3-6 month living expenses. It means that if something happened to your job today, or health, perhaps, you'd have enough money to live for the next 3-6 months while you sort things out. 7. Start saving for retirement. Remember our new saving habit? Well, the question you should be asking right now is what and why should you save money? Well, here's an answer for you. You need to save for retirement. The last thing you want to do is to spend all your life working for money. No. The goal should be to work to a certain point in your life and then spend the remaining and join life with loved ones, touring the world and enjoying vacations in beautiful places. The only way to do that, however, is to save for retirement. And start now. The benefit of saving now is that you can take advantage of compound interest. You see, the sooner you start saving, the less principal you have to invest in ending up with the amount you need to retire. And sooner, you'll be able to call working an option rather than a necessity. 8. Learn to invest in assets, not liabilities. Investment is one of the best ways to increase your net worth. Most people, however, shy away from investment because they are scared of losing money. Here's the thing. In investing, you have to learn to purchase assets, not liabilities. Think about real estate, peer-to-peer lending, exchange-traded funds, ETFs, stocks, etc. Whatever investment type you choose, always make sure you read about it extensively before going ahead. 9. Know your net worth. Your net worth is how much money you are worth. So if you are to sell everything you own and pay off all the debt you owe, how much would be left? What you have left is your net worth. So your net worth equals asset what you own, minus liabilities what you owe. Knowing your net worth will put you on your toes to make good financial decisions to meet your goals. 10. Get a good side hustle to increase your income. A good way to increase your income without so much stress is to get a good side hustle. With side hustles, you don't have to sacrifice all your free time to successfully run it. You can do it when you want, and as much or as little as you wish. However, the more you feed your side hustle, the more it grows. So it's all up to you. 11. Guard your health. Remember what we said earlier about emergencies happening at any time. Well, that's the case with health as well. An accident or injury can occur at any time. The best way to prevent entering into some form of money crisis if you find yourself in such a situation is to ensure your health now by applying for health insurance. In the case of a health emergency, you won't have to worry about the bill. 12. Protect your wealth. Another important financial decision is to protect your wealth. To do that, you need insurance. For instance, if you rent, get renter's insurance to protect the contents of your place from events like burglary or fire. If you buy a new car, get insurance to cover the cost of repairs or a new one in the event of an accident. Start putting your money in high interest savings accounts. Money market funds, CDs, stocks, bonds and mutual funds to protect and even multiply your money. 13. Re-evaluate your personal finance every year. When you re-evaluate your finances, you can tell if a new strategy that you employ during the year is effective or not. It will also help you with what you have accomplished and what's left of your goals. Anyone can become financially free as long as they know how best to manage their finance. Other steeps will help you become successful in your finance. Thank you very much for watching our videos. 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