How You Can Achieve Financial Freedom | Abdul Rehman Najam

Financial Freedom Pillars - Financial compounding is crucial for achieving financial freedom, likened to planting a tree that grows into an orchard providing free fruit and protection [1] - Rich vs poor mindset is key, where the rich mindset involves disciplined saving and investing in assets that outpace inflation [2] Investment Strategies - Historically, the stock market has provided the best financial compounding in Pakistan, even considering pandemics, wars, and financial crises [1] - Investing in stocks allows individuals to become equal partners with top business owners in Pakistan [1] - While real estate is a common investment, stocks offer better compounding due to the equal partnership aspect, unlike real estate where developers often retain most of the profit [1] - Even with a foreign nationality and dollar-denominated assets, Pakistani business owners demonstrate strong compounding in dollars [2] Practical Steps to Achieve Financial Freedom - Start saving a portion of your salary (e g, ₹10,000 per month) and increase it annually with inflation and promotions [2] - Follow a 5-minute per year investment plan: open a bank account, open an account with a top broker on the PSX website, and invest in an index like KMI 30 to mirror the index's compounding [3] - For investments under ₹1 million, minimal documentation is required [3] Mindset and Action - Taking action is crucial; gathering knowledge without action is pointless [3] - Financial freedom is achievable for everyone, even with small monthly savings (e g, ₹5,000) [3]