Financial Freedom Network

7. Appreciate Your Financial Freedom Network

Financial Freedom Appreciation Scope

You managed to achieve financial freedom. In the seventh and final stage, you have amazing opportunities to appreciate your financial freedom network.

The Appreciate stage is what makes Freedly financial guidance unique, so what do I mean by appreciate?

The most common meaning is “to recognize the value of.”

To a certain extent, we did that in the previous stage when we celebrated reaping our rewards. That is so good, it deserves a stage of it’s own, but there are many more meanings to appreciate. Showing your appreciation is great, but their is a particular meaning of appreciation in the financial world.

Appreciation means “increasing the value of.”

You may have heard more of it’s negative sibling, depreciation. Accountants use depreciation calculations in businesses to account for the falling value of assets. Before accountants berate me for the simplification, I accept that there are other interpretations, but that is the most common. It is a useful tool for anyone contemplating financial freedom through running their own business. It lets you make provision for replacing assets that you use up over several years. Used wisely, it stops your business failing because you cannot afford to replace essential tools. But appreciation is always positive.

You have experienced it once in this project. When you reaped your rewards, and your bank balance increased, your net worth appreciated. If you did that by starting or improving a business, then that business is now worth more if you wanted to sell it – your net worth appreciated.

You have done it once or twice, and in this stage you have the chance to appreciate permanently – the easiest way to make money.

Financial Freedom Network – Appreciate Your Value

In the previous stage, we checked to see if we had reaped our rewards. Now, take this to the next level – review those rewards and feedback your analysis into all the preceding stages. Do it weekly or monthly. Do it as a routine, and learn to do it automatically, every day.

Suddenly, you’ve turned a one-off project for improving wealth into a life-long process for financial freedom.

In it’s simpler form, your cost-saving project now becomes an optimum cost way of life. You have learned how to analyze and control costs. You have more buying expertise for next years household budget. Along the way, you have made a few contacts. You know where to find cheaper alternatives. You have built your own financial freedom network.

Your new way of life extends to new challenges. Maybe a friend needs your help. Maybe a community project is broken through out-of-control overspending. Go fix it, and change some more lives.

Whatever scale your first financial freedom project is, you can always always improve it. You should use the appreciation stage to build on your strengths, and the strengths you discover in your network. Your one-off project can often become on-ongoing experience that continuously improves your financial freedom. Alongside that, you will see other opportunities to start new projects, for yourself, or better still, with people in your network.

Learning to appreciate projects has changed my life for the better. I planned this Freedly project to fund my wife’s retirement. It will bring her financial freedom at the same time as it helps you find yours. And it will not cost her, or you, a penny.

Now is the time to appreciate your financial freedom network in the financial freedom forum.

Leave this Financial Freedom Network stage to browse the rest of the Financial Freedom Pathway.