Our ambitions tend to be lofty. We want a large corner office, build a dream home, purchase a luxury vehicle, or take trips to exotic islands and foreign countries. Unfortunately, those ambitions are often left to fade away in its first stage: the dreaming stage. We dream about these things but most find it unrealistic or too difficult to achieve. But if you really think about it, you’ll come to realize that with some adjustments, you have what it takes to manage those ambitions and to achieve financial success.
Life is a journey with little structure or direction. When we choose to make sense of life, one of the things that we often do is make goals and set priorities to achieve those goals. Our family, friends and personal aspirations give added value to the factors that make our life worth living. When planning out our lives, we can be hasty to forget about the essentials. We continue to assume that things will merely be there or will eventually come. Too often do we forget the importance of making our finances a priority. When we have bills, student loans, and credit card debt, it can be challenging to think about saving any money towards anything else, but it’s those savings that set you up for a positive financial future.
Over sixty percent of adults don’t keep track of their money. It’s easy to understand why. People think creating a budget plan would be a hassle and will force us to take an extensive look into our finances. Such an examination would likely mean we need to make drastic lifestyle changes we don’t want to make. So, our budget never gets created. We go along in our lives spending away only to think about money when we need it.
Everyone wants financial freedom, but what does that look like? Is financial freedom the same for everyone? For some, it’s the ability to retire worry-free and enjoying the latter years. For others, it’s being able to make large purchases in cash or being able to handle an emergency without having to panic or the need to borrow. In reality, it’s the idea of being able to handle anything financial without taking on debt or stress.
There are a lot of points to consider when planning out your path to financial freedom. Here are a few easy to follow ideas to help you meet your financial goals towards financial freedom.
The mind is mysterious yet quite powerful. It controls our imagination and judgments. It’s responsible for our perception and emotions. So why does the thought of money have so much control over such powerful piece of human property? When we look at money, our mindset has us thinking in one of two ways: hoarding it or spending it.