The principle of earning money being strongly based in emotion or psychology could be a neglected area. Her stance on this is that people who strongly believe that "money is crap". Or those who have strong negative sentiments or emotions about money will create a barrier which makes it difficult for these people to psychologically consider methods to earn money or do ok for themselves financially.
Thats quite an interesting concept. Robert Kiyosaky talks about it as well. If you believe that rich people have become rich because they have committed fraud, they have deceived other people, they have exploited their workers and the like, you will never become rich, because your mental picture is that rich people are evil, and you dont want to be evil, right?
Apart from that, I think the best advice, which I dont follow, is to have a high savings rate. If you are able to save 80% of your income you will be financially free in 5 years. If you save 50% you will be in 14 years. 80% is not achievable by most people because paying bills and eating accounts for more than 20% of their income. 50% is achievable but depends also on your income and other factors. In most cases you have to have a present miser life to achieve future financial freedom.
The approach I take is to always spend less than I earn, and keep investing, so Im richer every year and I know that I will have a financial stable future but Im not obsessed with being financially free because for that I have to sacrifice the present to be so in the future, and at the end of the day, I dont know if I will be dead in 15 years.
I completely agree with your concept. to achieve financial freedom in the future, we must be smarter in managing our income and expenses.
we should be able to set aside income by saving or investing.