The Path to Financial Freedom

Financial freedom means slightly different things to different people, but one thing most of us agree on is that financial freedom means having enough. Enough money to pay the bills, enough money to be free from worry about how you’re going to make ends meet, and enough money to do some fun things with your life.

Basically, financial freedom means knowing that you can do the things you want to do with your money without stress and struggle.

Sure, you’ll probably want to work at a job you like, or maybe you’ll want to focus on passive income ideas. But no matter what you choose, you”ll know that the basic needs are taken care of for yourself and your family.

What you need to reach financial freedom

To reach financial freedom, you’ve got to have a target. Start by deciding exactly what financial freedom means to you, in detail. Imagine what it will look like. What will be different? How will you have changed? What will be better?

Then sit down and make sure you’re doing everything you can to get there.

The 9 step financial integrity program (developed by Joe Dominguez of Your Money or Your Life) got me started with taking my own first steps toward financial freedom. I went from struggling with owing money to being debt-free but the house with a positive net worth by following those steps — most of which involve paying attention, and then acting on what you see.

Money management skills are key

And that means putting good money management skills into practice, or learning them if you don’t already have them.

Key things to put into practice include:Financial Freedom

Financial freedom is worth it

That list could seem overwhelming, but financial freedom is worth it! You’ve just got to get started on the list if you haven’t already, and work your way though it. Pick the thing that seems most important to you, or even easiest — it doesn’t really matter. Then get started.

As you begin to make changes, things will snowball. You’ll start to find yourself saying things that you never imagined you’d say. Things like “So, where do you want to go on vacation next?” — with everywhere in the the entire world as possible options. Or “Boy I really want to max out my 401k this year” when previously you weren’t even contributing. Or even “This job isn’t for me, I’m going to do something else instead” — without worrying about how you’ll support yourself and your family because you feel like you have to keep your job.

We don’t change overnight, but one step leads to another, and the path to financial freedom is an exciting one. And it’s absolutely doable.