I’ve been thinking a lot about financial freedom this week and what it means to me. The first step to working out how to achieve financial freedom is to decide what it means to you. There are different definitions of financial freedom for everyone and this can change depending on what stage of life you are at.
In your 30’s it might mean having your credit cards paid off, to a teenager it might mean finally cutting ties with the Bank of Mum and Dad. To someone who has just lost their job it might mean just knowing you have enough to pay the bills and put food on the table and to someone approaching retirement it might mean never having to work again.
Pondering on what financial freedom means to me has been an interesting and useful exercise. It has forced me to evaluate what is really important in life and what goals I want to achieve. For most people it involves peace of mind, less stress and having the freedom to do the things in life you enjoy without being forced to rely on a day job you don’t like.
For me financial freedom is the ability to provide for my family without missing quality time with them and although it’s nice to be able to go on lovely holidays and have the option to eat out when you want to, ultimately luxury is less important than knowing I have a safety net in place if an unexpected bill comes along.
The journey to financial freedom is not something that happens overnight. If you want to be free, it can take decades of work to reach that point, but it will be worth all of the work that you put in if you can make your dreams a reality. Don’t let money keep you a slave to all of the things that you hate and keep you from doing all of those things on your bucket list.
At Financial Aspirations we help you work through the process of establishing what is on your bucket list and what is most important to you in life, the goals you want to achieve and dreams you have for the future. After listening to you and getting to know you we can help you establish a long term financial strategy, which will give you the freedom to achieve the life you want to live.
This is an important issue for us because we believe that financial freedom is actually a lot closer for many people than they might think, whatever their financial background or lifestyle. By using tools that help people gain control of their finances, everyone can feel more confident about their financial status and, if necessary, work to improve it.