Financial Freedom For All The Bravehearts

October 13, 2010
/ Invest & Retire
/ By Jacob A Irwin

Today’s guest post comes to us from Shelly. Shelly is an accomplished SEO (Search Engine Optimization) specialist and also the owner/creator of the personal finance blog, Finance Wand. Enjoy!

Financial Freedom For All The Bravehearts

Do you have to depend on somebody financially? Are you overburdened with the debt that you have? Do you feel that you want to be independent and do things your way? You can have the freedom to make your own choices by being financially independent.

What is financial freedom?

When you don’t have to depend on your spouse or parents for money related matters and when you don’t have to ask somebody before you take a financial decision, you have financial freedom. You no longer have to depend on anyone to do the things that you have always wanted to do. You can make investment decisions and plan your finances accordingly to get better returns than what you are already getting.

How can you achieve financial freedom?

It is neither too easy nor too difficult to achieve financial freedom. You need the right attitude and the right frame of mind to be able to achieve anything that you want.

Let us take a look at the top 4 tips on how to achieve financial freedom:

1. Plan: Everyone needs to be smart about their financial planning. This is the most important thing when you want such kind of independence. If you dream of being your own boss, plan now. Don’t think this is a silly thing to do. Only when you dream can you have a concrete plan to support your dreams.

2. Discover: Learn new things everyday. It could mean anything. You could educate yourself with any small financial subject every day – one new thing at a time. Reading could be very helpful at this stage. Learn money management and the art of investing right. You could take help from money management websites or visit a library for books on the subject.

3. Get rid of debts: You can never be financially free unless you get rid of your debts. Make sure you are debt free before you plan any kind of investment.

4. Make investments: You may need a little discipline in this matter. The next time you have the urge to buy, invest in an asset instead of just a commodity. An asset is meant to generate money in the long run. So, you could invest your money in buying real estate, or mutual funds, stocks, or online currency trading that would give you good returns when you need them to. You may also invest in further education, which you can utilize later to achieve more financial freedom. Before you buy anything, first check out if it will give you any return in the future.

You feel a lot relaxed when you are financially free. You no longer have to depend on others to fulfil a wish. You can do it yourself. Being financially free might require you to discipline your life a lot. You must value time and money as both are precious. Give yourself a little time and you will surely achieve the freedom that you have desired so long.

How about you all? Are you financially free? If so, what was the number one piece of advice you would give to others so that they too can achieve financial freedom?

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About the Author Jacob A Irwin

Hi folks! My name is Jacob. I am the owner and operator of My Personal Finance Journey. I started this blog in January of 2010 and have enjoyed the journey ever since. Since finishing up graduate school in Virginia in 2014, I have been working in biopharmaceutical development in Colorado. You can read more about me and this site here. Please contact me if you have any questions!

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