Today, I thought we could talk about financial freedom.
What does financial freedom mean to you?
⭐ Feeling in control of your finances?
⭐ No money fights with your spouse?
⭐ No guilt or shame over your spending?
⭐ Traveling without racking up debt?
⭐ Money in savings for emergencies such as job loss, medical issues, etc.?
⭐ Changing jobs, careers, or starting a business without worrying how you are going to pay all the bills?
Everyone’s definition of financial freedom is different. There’s no one size fits all answer.
Suggestion: Take a few minutes to think about what financial freedom means to you. Take out a sheet of paper and write down everything that comes to your mind.
After you’ve done that, start thinking about how you will achieve your version of financial freedom. Would creating a plan for your money, eliminating debt, saving for inevitable expenses, and investing for the future help you reach financial freedom faster?
Financial freedom could be yours in less time than you think. Rather than focusing solely on debt, let’s look at the total picture to see what we’re building for, and how quickly we could get there. Many times, you won’t need to wait until you are 65+ to achieve that financial freedom. But if you don’t know what you’re working towards with that freedom, then it is tempting to stay in the “out of control” place.
