What exactly is Financial Freedom?
What exactly is Financial Freedom? It does not necessarily mean that you have an unlimited supply of money, although that would probably be quite an acceptable situation to be in.
It does mean being able to manage that money that you do have in such a way as to leave you with no worries and no fears.
It all boils down to self discipline – the ability to say “no” when it comes to making a decision.
It is a good thing to have cash in your pocket – it gives you a good feeling. But if you are so weak willed as to spend it at the smallest temptation, then it will take you a long time to learn how to become financially free. If you set yourself goals and you keep them in sight all the time you’ll find it much simpler to be self disciplined and to achieve financial freedom. It is no good making goals that are clearly not practical – they must be realistic.
Goals that are completely unrealistic and distant are also completely futile, and no amount of self discipline is going to help you achieve them. Self discipline and determination come hand in hand with a positive mindset, and this is what puts you on the road to financial freedom.
What are the different ways to become financially free? There is one rule that stands out above all others – spend less than you earn! That may sound too easy to be true. Charles Dickens saw the wisdom of it though when in 1850 he wrote “Annual income twenty pounds, annual expenditure nineteen pounds nineteen shillings and sixpence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds and sixpence, result misery.”
It doesn’t matter where you live, what your age is, whether you’re black, white or yellow, what religion you are or how many children you have. If you spend less than you earn and you keep at it, you are on the first steps of the road to financial freedom, and you will eventually get there. The first step on the way to financial freedom starts with a firm decision followed up by plenty of learning and subsequent planning.
Positive thinking must be coupled with the commitment to stick to those plans. Don’t expect miracles, and do expect to have to make some sacrifices. Don’t expect financial freedom to come overnight either as it will almost certainly take a number of years. Once you have made the decision there are steps you can take.
One of the best ways to learn more about financial freedom and wealth creation is to attend seminars and workshops, and this is an area where Work Your Wealth can help.
Attending one of our seminars will enable you to learn skills and gain vital information that you would otherwise not have.