Financial freedom is one common goal that all of us have. However, there are two types of people; the ones who work hard to achieve it; and the ones who give up. If they say financial freedom is impossible for the reason that you are buried in debt, remember that it is impossible for them; not for you. 

The path you will take to achieve financial freedom would be rough. But once you discipline yourself and break your bad money habits, satisfaction will surely be sweet. 

“People don’t decide on their future, they decide their habits and their habits decide their future.”

F.M. Alexander

The sooner you break them, the sooner you will reach your financial goals. So, do it now. Don’t wait for later to turn into never

Here are some tips you can follow to achieve your goal:

Spend as little as possible

In trying to achieve financial freedom, the problem is not the salary, but the spending habits. Most people have more than enough income to reach their goals. However, because they make good money, they spend the money. Create a tight budget list and live as frugal as you can. 

Remember, you have a goal–a goal that will end your hardships and will bare the freedom you have been wanting. 

Reduce your debt significantly

Being debt-free is one big step towards financial success. You can pay your debt slowly, but remember that the longer it takes, the higher the interest will be.

To start, list all the debts you have and arrange it in descending order. Pay the ones with the highest interest first. Be consistent in allocating money to pay for your debts. Time passes so fast, the next thing you’ll realize is you’re finally debt-free!

Start an emergency fund

If you don’t have an emergency fund, you may start by creating a different savings account. Once you have it, all you have to do is consistently grow it. This is to make sure you still have a backup fund for emergencies like a sudden unemployment or a sudden expense. 

Some people make sure they saved up at least six months of their income to be certain that there will actually be funds ready for them whenever they need it. 

Remember to not spend this fund unless it’s for an emergency!


“Investing is laying out money now to get more money back in the future”

Warren Buffett

Don’t just save to save. Save to invest. You won’t get rich by a salary alone. Investing will not only benefit you now, but it can help you establish and secure financial freedom in the long run. You may start by investing into assets like a car or a house, and then learn about your investment options. 

Make more money

Find more ways to earn money. To be able to achieve financial freedom, you have to make sure that there is enough money flowing in to secure your savings. Pick-up a side hustle that you can use to cover your monthly expenses. Thus, you may use your main salary for your debts, savings, and to support your lifestyle.

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment moderation is enabled. Your comment may take some time to appear.