What Does Financial Freedom Look Like to You?

Education

Jun 06

Financial Freedom

 

 

What does it mean to be financially free?

Do you dream of quitting your 9-to-5 job? Do you fantasize about turning your hobby into a business, or want to leave your partner but are dependent on the shared income?

There are a lot of reasons people, and particularly women, can be too frightened to take the first steps to becoming financially free and achieving the life they truly want.

“It’s time to be honest with yourselves,” ‘Rich Woman’ author Kim Kiyosaki says, “even if you don’t like the answer.”

So what’s holding you back? Read these statements and see if any of them sound a little like you…

I don’t want to deal with numbers and finances, so I’ll just ignore it.

Maybe you never got much by way of a financial education while you were growing up, or maybe maths is simply not your strong suit. If it seems easier to ignore your finances than face them head on, consider this your wake up call.

You will never achieve financial freedom without facing facts!

I budget my money, isn’t that good enough?

As Kim points out, “Just because you have money does not mean you have financial freedom.”

We’ve all heard the stories of celebrities who have lost millions and wound up bankrupt—what happened? They were rich, but they were not financially free because they had not learned how to make their money work for them.

Budgeting is a step to achieving financial freedom, but until your money starts making you money, you will always be stuck in the cycle of budgeting, saving, and spending.

That doesn’t sound like freedom, does it?

I’ll deal with it later.

We don’t have to tell you why this attitude about money is never going to lead to wealth, and yet this is such an easy trap to fall into!

The problem is, ‘later’ is often too late.

I need to pay off my debts first.

As Kim says, “Your financial obligations are like a weight around your neck—and for many, this weight gets heavier and heavier as your financial burdens become larger and larger.”

The only way to start breaking out of the choke hold debt puts on your financial stability is to start learning how to manage your money NOW.

And one just for the women…

I’ll just find a rich man.

For centuries, marrying a wealthy man was a woman’s only real path to financial security. But now? Every woman owes it to herself to find her own financial independence—whatever it might take.

So what does financial freedom look like?

“Financial freedom is about much more than just having money,” Kim explains.

“It’s the freedom to be who you really are and do what you really want in life. It’s about following your passion, making choices that aren’t influenced by your bank account, and living life on your terms.

“Many of us, especially women, lose sight of who we once wanted to become, because we are so busy putting others first.”

“As we play the various roles of parent, spouse, employee, friend, and more, we watch our dreams slip away.”

“Even if you find these roles rewarding, there may still be an underlying foundation of resentment that leaves you wondering, ‘what if?’”

“If you want to be financially free, you need to become a different person than you are today and let go of whatever has held you back in the past.”

So take stock—do any of the statements above ring true? Examining your attitude towards money is the first step in breaking any nasty cycles you’ve gotten stuck in.

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