E 10 step Formula to Financial Freedom in 2021
Financial freedom. That sounds like a good theory. But the truth is, anyone can do it. I mean anyone, even anyone who has ever had tens of thousands of dollars in student loan debt like you. No matter what financial struggles you have today, there is always a way to get back to black. Maybe a budgeting app is your first step.
In this post, we’ll dive into the importance of financial freedom and share some financial freedom tips, including some that worked for me. Don’t wait for someone else to do it. Hire yourself and start calling the shots.
Financial freedom is about taking control of your financial situation. You have a reliable cash flow that allows you to live the life you want. You don’t worry about how to pay bills or unexpected expenses. And you’re not in debt either.
It’s about recognizing that you need more money to pay off your debt and maybe boost your income sideways we’ll get to that in a moment. It also involves actively saving for a rainy day or retirement, and planning for your long term financial well being.
You can’t achieve financial freedom without knowing where you’re starting from
It’s a depressing reality to look at how much debt you have, how much savings you have, and how much you need. But it’s a valuable step in the right direction.
Make a list of all your debts: mortgages, student loans, car loans, credit cards and other debts you may have accumulated. Don’t forget to include money borrowed from friends or family over the years.
Now, take a deep breath. And Engineering Directors Email Lists another. Then add up all the numbers.
If this is a big number, don’t panic, I promise I’ll share some ways to pay it off later in this article. If it’s a small amount, congrats! Feel free to share your money tips in the comments below.
Compile a list of all your savings: savings accounts, stocks, company stock matching plans, company retirement matching plans, and retirement plans. Then, we’ll add the recurring payments you receive each month, like salaries, surcharges, and more.
Keep these numbers in mind for the next few financial freedom tips
According to You’re a money making badassby jen sinco , people who don’t make a lot of money are ashamed at the mention of making money. So the biggest hurdle a lot of people have when it comes to making money they think having money is a bad thing a lot of people feel CRB directory guilty about having it and even more guilty about wanting it. Sincero said of money, we use it every day to improve our lives, but we always seem to focus on the negative aspects of it.
Money, like food and water, is only a necessity. It helps you buy what you need and live the life you want. To experience financial freedom, you need to see money as a tool to help you achieve your dreams, fuel your energy, and live a stress free life you can enjoy. Because if you view money negatively, you subconsciously sabotage your chances of getting money and having it.