How to Become More Frugal and Financially Independent

I’ve been receiving a lot of messages on my Instagram blog account in regards of what exactly I do for a living because it seems I have more than a full time job and I am juggling motherhood, a small business and I get to enjoy my family and travel abroad.

Long story short, I started day trading a few years ago and I’ve been able to open a new business, travel the world on expensive vacation trips and first class using different saving techniques.

My background is in engineering. I work full time as a Civil Engineer but I love numbers and I started day trading just a couple hundreds and now  I invest a very few thousands.

Over the last few years I learned a few simple tricks about the stock market and after 5 years of day trading I can proudly say I am financially independent. We have no mortgage, no car payments, no student loans.

We were able to open our small businesses and buy our office and equipment in cash without the need of a loan and we have other additional income for real estate property.

I am a true believer that you can do anything you propose in your life. You just need to find your skill sets and develop them to the max. Learn from past experiences, the good and the bad ones and more than everything follow your gut.

I’ve met so many people that eat tons of those inspirational and make yourself rich books and I am not an expert on finances I have only learn from my past experience and from following my gut so If I can do it so do you.

If you are a parent, you know how much money we can spend on our little ones so this is where is key to use our gut and your savings mode.

Let’s be honest if you were to save that cup of coffee and pack your own lunch you probably would save at least $4000 just by doing these two things.

Now, if you were to save this monthly and put it on an investment account at just made a 25 percent profit your $4000 will be a $5000 with a profit of $1000 in one year. If you were to do the same thing the following year you will reinvest the $5000 and at the same rate in one year you would have generated $6250

This is just an example on how compound interest works and how easily you can increase your income. So in 2 years a $4000 investment has increased to over $6000.

Now if you were to put $4000 each year into your investment account and generate a rate of 25% annual in 10 years you would have $203,000.

So if you want to learn more just make sure to keep an eye on my new posts.polymath mom finance

2 Comments Add yours

  1. Calvin says:

    Great tips, saving little by little goes a long way

  2. wen budro says:

    Thank you for the useful post. I have improved in this area but I still have a long way to go. Financial independence is important to me.

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