What’s the one thing you can do to drastically reshape your long-term financial landscape and set yourself up for financial freedom? No, not investing in Bitcoin. It’s this: live below your means.
Fall provides an opportunity to refocus your goals and reset your habits. Money touches most of our life goals, even goals that aren’t explicitly financial (such as spending more time with your significant other, which may require money for dates or vacation). Healthy money habits can facilitate these goals as well as help you progress toward financial freedom.
The financial burden of retirement is growing. Today’s Americans are more likely to live longer, have aging parents to care for in retirement, face steep medical bills, and spend more on travel to visit far-flung family members. But recent research challenges our understanding of retirement as a long-awaited reprieve from work.
Wise management of your financial situation fosters the freedom to pursue your goals by aligning your spending, saving, and giving with your life priorities. We recently looked at five essential principles for achieving this kind of financial freedom. Today we’ll get practical and discuss five essential habits for achieving financial freedom.
What can we do when our income is so modest that financial goals seem unreachable and it seems pointless to save (when there’s even anything left after the bills)? While challenging financial situations often feel unmanageable, it is essential to not lose sight of this: small steps toward big goals make a difference.
For far too many people, finances are an obstacle standing in the way of one’s goals.
But done right, your finances give you the freedom to pursue your goals. This does not necessarily mean being wealthy, but wisely managing your financial situation—whatever it may be—to achieve financial health, giving you the means and opportunity to pursue your goals.
Here are five essential principles for achieving financial freedom.