Thankful For The Freedom To Pursue Financial Freedom
Here in the U.S. everyone has the freedom to pursue financial freedom. It doesn’t matter where, when, or how you begin your pursuit of this much desired goal. You can begin as a youngster born into dire circumstances which inspire you to work, educate yourself and map out your goal. Or you could be born into an affluent family where you learn the value of financial freedom and how to achieve it as an important part of life.
Whatever financial freedom means to you, it’s important to know that it is a goal that is unique to everyone. You may have the desire for a lavish lifestyle with regular world travel, a magnificent home or two, luxury automobiles and more. Or your tastes could be much simpler.
For some people financial freedom has less to do with money than it does to do with having time to pursue one’s passions. So, that could include the dream of being able to live without being driven by the need to earn a certain amount of money each year.
To Achieve Financial Freedom You Need A Plan
While it means different things to different people, typically, financial freedom means having enough savings, financial investments, and cash on hand to afford the kind of life you desire for yourself and your family. It means saving and growing those savings. Whether you aim for retirement from a specific job at typical retirement age or younger, financial freedom means putting your money to work for you rather than you working for your money.
There are many ways to pursue financial freedom. The important point is that the earlier you start enacting a plan, the sooner your goal may be achieved. There are some typical behaviors and habits that have proven over time to help many people reach their dream of financial freedom.
A financial plan is like a map. First, you need to know where you are financially and where you want to go so you can map out how to get to your destination. A financial plan will also show you how long it is likely to take to achieve your goal too. Hiring a reputable fiduciary financial planner is a great first step as you embark on this journey. Working with a person who has made it their business to know how to help others achieve financial goals means you don’t have to know all the tax laws, insurance laws, or keep up with everything that is going on in the stock market. Interview financial advisors based on the recommendations of friends or colleagues and select the one who really understands where you are, where you want to go and can help you get there in your time frame.
Once You Have A Workable Plan Stick With It
Consistency is a priority when you establish any plan when working toward a specific goal. You build momentum and start seeing progress which further strengthens and fuels your commitment. So make sure your plan is one you can stick with no matter what. That means making your savings plan well within reach. As you grow in your career you can increase your contributions, as long as they do not put added stress and strain on you. Financial freedom is an achievable goal when you have a well thought out plan and are consistently working your plan.
We Are All Free To Pursue Financial Freedom Which Is Something To Be Thankful For
As I said in the beginning, we all have the freedom to pursue whatever our individual idea of financial freedom is. No one can stop you. That is a freedom for which I am deeply grateful. As we celebrate our families and our good fortune this Thanksgiving, I always count my blessings for the freedom to pursue financial freedom.
Wishing you and your loved ones a healthy, happy Thanksgiving.