WORKSHOP: JOURNEY TO FINANCIAL INDEPENDENCE
Financial Independence & Retire Early (FIRE) is both an orientation and a goal that most individuals want to achieve as soon as possible. When you reach the "threshold" of financial freedom, you will have enough money to meet all your needs and be free to make decisions without worrying about the financial impact. FIRE does not depend on time or age but the ability to be in control and in control of your financial situation. In the context of current integration, financial freedom is a topic of great interest to many people, especially students and employees. Understanding the important role of economic and financial independence for each individual, on November 22, 2022, DHT cooperated with partner units to organize the Workshop "Journey to Financial Independence" at Hanoi International Center in order to share with DHT staffs the most comprehensive and accurate view on this issue.
The guest speaker of the workshop is Mr. Tang Ba Duy - personal financial advisor, investment consultant, one of the first 55 Vietnamese people certified by VWA (Vietnam Wealth Advisors) to be a AFP (Associate Financial Planner) for Professional Financial Planners.
During the 3 hours of the seminar, Mr. Duy, all DHT employees, and invited guests talked and shared about their personal financial freedom. With his own knowledge and practical experience, speaker Tang Ba Duy helped the participants be aware and have the correct perception of " personal financial independence". Mr. Duy shared that “Financial freedom is a state when people can make their own decisions and choices without having to think about financial factors.” Economic autonomy and financial independence are achieved when the cash flow from the investment portfolio offsets normal living expenses and other financial goals. Each person's financial freedom threshold varies, but it is simple to understand that a person achieves economic independence when they can afford to pay for and meet all of their needs without hesitation, money calculation. So how to achieve financial freedom and economic autonomy?
First of all, it is important to understand that the road to FIRE consists of eight basic stages. In order to make our dreams come true, we need to build a specific roadmap step by step to realize the goal of financial freedom. The three main pillars of personal finance are: Work – Career, Savings, and Investing. Accumulating money is an integral part of achieving financial freedom. In the book "The 21 Success Secrets of Self-Made Millionaires" by Brian Tracy, there are golden rules for a person to achieve money and financial freedom anywhere, no matter where they start. You can become a millionaire if you have a dream, follow discipline, have clear plans and commit to following through. In addition, to quickly achieve financial freedom, business investment is the golden rule. Taking investment risks, daring to step out of the comfort zone, and researching and building a detailed, specific, and creative business roadmap will help us achieve positive income.
The workshop was a success and was well received by the guests. After 3 hours, our guest speaker Tang Ba Duy had shared useful knowledge about the benefits of financial independence, helping DHT staffs have a general and correct understanding of FIRE. At the same time, he also gave some guidelines for young people to build a personal financial roadmap to soon achieve their goals of economic and financial independence.
DHT would like to thank: Organizer: DHT Law Firm; Sponsor: Nest by AIA and Companion: AA Legal English Center – factors contributing to a good and meaningful talkshow.