Is it your goal to achieve financial freedom and complete independence? If so, it might not be as hard as you thought. Whether you are working for a corporation, company, or yourself, there are several ways to kickstart your financial future in the right direction.
In this article, we are going to walk you through several tips for achieving financial freedom, as well as career options that can help you maximize your earning potential.
You’re Responsible for your Financial Future
National debt is only getting worse. But how is the nation’s debt going to affect your financials? For starters, it can result in inflation and high-interest rates. When debt increases, so do the instability of the US Dollar. That means corporations will have to pay more interest, and businesses will need to raise the pricing of products or services. Ultimately, the average American will be the ones who suffer – they’ll have to pay more money for the same products or services, while their savings diminish.
Increase wealth with stock options and secure your financial future
There are two types of employees: the ones who increase wealth with salary and the ones who increase wealth with stock options and salary. Stock options, typically included in employee compensation packages, give you the right to purchase shares of your company’s stock at a fixed price at a future date. This awards you the opportunity to buy the stock at a lower-than-market price, sell it, and keep the difference. How much can you make with stock options? That depends entirely on how well you take advantage of being an employee. To make the most out of your current job, make sure you know:
- Tactics for negotiating stock options
- Common mistakes most employees make
- When to leave your current company
- Which new company you should join
- When and how to exercise your stock options
Note: stock options will only be valuable if your company has a successful exit. That’s why it’s so important to work for a company you can count on. It is one of the best options that will help securing your financial future.
Now that you know what stock options are, its time to understand how to exercise them.
The best part about a stock option is that it gives you a choice; You can decide when you exercise or if you exercise it at all. And while stock options are considered the most flexible investment options, they’re also one of the most uncertain. That’s why understanding when to exercise stock options is so important for employees.
Finding the Best Career Opportunities to achieve Financial Freedom
There are so many employment options available, so you should never be complacent with anything less than you deserve. Here are a few career options that will help you build long-term wealth and achieve financial freedom with ease.
Facebook careers are great for building long-term wealth and securing your financial future. Employees who were hired in 2012, converted their stock options to shares that same year and sold them in 2020 received a 500% return on their investment. If you’re not already working for Facebook, now could be a good time to learn more about their company.
At Facebook, employees are its salespeople. They help the company grow and get rewarded for their efforts. The best part about working for Facebook? It’s generous benefits. These include, paid health insurance, free meals 24/7, paid parental leave, 401(k) plan, 21 days’ vacation and so much more.
Google careers offer employees a work-life balance and culture that can’t be found anywhere else. They’re also great for those looking to build long-term wealth to achieve financial freedom with their career.
Because Google has offices all across the globe, anybody has a chance to start a career with them. But be warned, the competition is fierce. To increase your chances of starting a google career, research ways to apply and stand out from the competition. Another great way to get your foot in the door is by interning or volunteering.
Apple careers are another great option for ambitious individuals. They have a wide range of career options, from software engineering to product management and marketing. The best part? They pay extremely well and offer generous employee stock option packages.
Using Job Platforms to your Advantage
There are countless job searching platforms, are you using any of them? If not, you should be. Platforms like AngelList exist to connect employees with innovative and growing startups. It is one of the top tools for individuals looking for the best jobs with competitive salaries and employee stock options. If you want to land an AngelList job, now is the time to get started. AngelList and other platforms alike provide you with an intuitive, easy way to get in touch with countless new career opportunities that will help you gain financial freedom.
As an employee, it’s your job to take control of your financial future. If you recently joined a new company make sure you take the time to understand your options, benefits, and how you can use them to accumulate long-term wealth. And if your current employer isn’t offering the benefits and financial incentives you’re looking for, consider applying for one that will. There are countless opportunities to work with top tech companies and up and coming startups, you just have to find them and apply. You can also follow the idea of different influencers that will help you grow in the future.