The survey data shows that the majority of Kazakh youth these days are striving more and more for financial independence. Most of college students currently are working part time jobs to earn extra money on the side. Financial independence is generally used to describe the state of having sufficient personal wealth to live and also the ability to suffice to one’s basic necessities. However, many of our countrymen also strive to take care of their families by providing them with financial support.
Timur SABITOV, PRESIDENT OF KAZAKHSTAN`S FEDERATION OF MARKETING, ADVERTISING AND PR:
— Some people believe a financially independent person has a lot of money. I think financially independent people are those who have enough money to buy what they want to buy. My recommendation to those who want to become financially independent is to save 10% of their income for unexpected expenses.
If you want to come one step closer to financial independence, repaying one’s debts would be essential to accomplish financial freedom. Planning a budget is cuddlesome once the bigger debts are repaid. Therefore, repaying loans even at the cost of the temporary sacrifice of a comfortable life, and also giving up your credit cards should become a huge priority.
Timur SABITOV, PRESIDENT OF KAZAKHSTAN`S FEDERATION OF MARKETING, ADVERTISING AND PR:
— The best way to financial independence is to become a professional. 21,32 You need to invest in your education in order to become a professional.
Money is not life’s ultimate goal, but a mere tool that allows achieving one’s goals. However, money does not always come easily these days. Freelancing along with one’s main job usually helps one to have extra pocket change. The modern world offers a wide range of opportunities for freelancing, including translating and editing at home, promoting web sites, working with social media and many more type of activities allowing for extra income. The choice depends on one’s interests and skills. However, once you try freelancing, you will be surprised by the overall variety of existing opportunities. Freelance business is constantly criticized by many people but on the contrary, it is still thriving and working for many people. But the only way to be successful is if you have a large network. In this regard, being sociable helps a lot.
Timur SABITOV, PRESIDENT OF KAZAKHSTAN`S FEDERATION OF MARKETING, ADVERTISING AND PR:
— The best way to become a successful person is to constantly gain knowledge in your field of work. Actually, I believe this to be critical. These days you can study at a low cost. One should devote an hour for reading and researching, looking up for new information on the internet every day.
There are many ways to becoming financially independent. Among all of them setting one’s own business has proven to be one of the most effective and intricate ones. Putting one’s own idea and passion into his prosperity and welfare is an effort with a high payback.
