Imagine a life free from money concerns, with ample time to pursue your passions, and the independence to work on your own terms or retire early to enjoy life. won't that sound sweet? I guess that's the dream of many of us. I want to wake every day and not worry about the money. I should have enough for everything that I need to make life comfortable. Achieving financial freedom is a journey and getting there isn't like a quick race. It's more like a long climb up a mountain.
To achieve it there is a need for a plan, and the most important part of that plan is setting goals. As long as achieving financial freedom seems far, it is still achievable or possible. Setting goals are so important, they give you a clear target of what you want to achieve. It's not just enough to say wish you have more money and never have a plan to save a percentage of your paycheck every month.
Most people wish for financial freedom but never have a plan to achieve it, last time I checked, success wasn't achieved while people sit down. Everything we wish to have all happens when wishes are translated into actions. Apart from having goals starting early is an important key towards achieving any financial goal. Very amount is worth saving and investing. Imagine your savings like a snowball rolling downhill. The longer it rolls, the bigger and stronger it gets.
When it comes to savings or investing, I realised that starting early is the game changer. It's doesn't matter how little you begin but how you committed and determined you to grow it over time. Most people wants to have big savings before they start investing big, but any small amounts saved can grow into a big amount of money later. Gaining financial freedom is a journey goes beyond just savings. it also requires more discipline and patience. The ability to save and grow it requires discipline and with investing you will need patience to allow any little amount to grow.
With discipline, you will be able to responsibly avoid anything that could dissuade you from your set goals. As a part of the journey to gaining financial freedom, it's important to learn how to track your money. This means taking a close look at where your money goes or how it is spent. Some people may claim they have no money to invest but they spend more than they know. It's because they fail to track their money.
It's important to always know how much you earn, where it goes, and any debts you have. Knowing this helps you make smart choices, like cutting back on unnecessary things or finding ways to earn more. Again having the right investment options is always ideal. This also means finding the time to reearch the right places where you can possibly grow money.
Saving for something you need within a short period will require a different plan than saving towards something you need for life. So with achieving financial freedom, it's crucial to choose the best investments where your money will stay safe and where it grow. Financial freedom to me is when you have enough money and resources to help you live the life you want without being constrained by financial worries or obligations.
It isn't so easy achieving, as it typically requires careful planning, discipline, and consistent effort over time. However, with dedication and the right strategies, it's definitely achievable for anyone. When you begin to set goals towards it, you realize that you are on course to achieving what would mean impossible but a real possibility.
If we're willing to put in the work, financial freedom is a very achievable goal. I think mindless consumption is one of the first things to cut out, then focus on generating income exponentially while also saving and investing.
Thanks for sharing your thoughts. financial freedom is indeed achievable