What Is Financial Freedom?

Financial freedom is much more than having money. It’s the freedom to be who you really are and do what you really want in life. And many of us, lose site of this by putting others first and playing many different roles.

If you want to be financially-free, you need to become a different person than you are today and let go of whatever has held you back in the past. It’s a process of growth, improvement and gaining spiritual and emotional strength to become the most powerful, happy, and successful “you” possible. That is the true reward of financial freedom.

Money Does Not Make You Rich!

In our culture, there’s often this misconception that making or having an abundance of money automatically provides you with financial freedom. While more money certainly helps, I could easily give you several examples of people that I know personally who have an abundance of income and/or wealth but still feel like they’re sinking in quicksand. They make $150,000+ per year but somehow still live pay check to pay check.

With that in mind, you simply cannot say, “When I make more money, things will be better.”

Let me be blunt here. More income will not solve your problems. It will just compound them if you don’t act immediately. 

Just because you have money does not mean you have financial freedom. We have all read stories of celebrities, icons of the world who appear to have millions yet lose it all. Like 50 cent, who declared bankruptcy with over $150million in assets and Michael Jackson who at one point was over $300million in debt…..

You can earn all the money in world but if you have bad spending habits sooner or later you will fall victim. Financial Freedom is knowing your finances, your budgets and living within your means. To “live within your means” means that what you spend each month is less than or at least equal to the amount of money you bring in each month. If you spend more than you earn and live ” outside ” your means then you will never know Financial Freedom.

The idea of financial freedom is non-traditional. It’s viewed as too difficult to achieve. Many people think it’s just not possible with everything that goes on in today’s crazy world.

Those views are also why you see hatred towards those having achieved financial freedom Because of this, you need to be ready for the inevitable questions and criticism over your choices. To that, you need to realize you’re not making financial changes for them. You’re making them for you.

Those that achieve financial freedom have typically freed themselves from the traditional norms of money management.

They’re rebels and you’ll need to be one too.

Now it’s time for the golden question:

What Does Financial Freedom Mean to You?

For me, financial freedom is the ability to do what I love and report to no one (well, maybe my girlfriend) and be able to do what I want at the drop of a hat.

Having that freedom would give me the greatest sense of success that I can imagine.

Truthfully, I don’t even care if I had much money in the bank. If I could support my family and loved ones, cover all my expenses without worrying about where the money is coming from and save a few bucks by doing what I love, I would be just fine with that. I’m not there yet, but I feel that I’m consistently taking steps in that direction. And because I have a vision, the path doesn’t seem all that treacherous.

In closing, please remember this:

Financial freedom isn’t going to happen overnight.

But if you’re able to define what financial freedom means to you, it may remove the stress of not knowing your path.If you’re just trudging along not knowing what you are striving for, you’re going to lose focus and fall back into the same rut as always.

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