Financial freedom is as much a deep emotional experience as a physical one. Financial freedom will release you from years of worry and struggle. Either you choose to change or keep struggling financially until death separates you from the worry and stress.
Our relationship with money is complex, ongoing and exists on different levels.
Saving money isn’t as easy as placing it in your savings account. When money is accessible plenty of people spend it. With the levels of debt rising, predatory credit card and mortgage practises, people are very quickly becoming financially ruined.
But before all this you have to ask yourself these emotionally charged questions.
Can I live within my means and be happy?
What kind of lifestyle do I want?
Do I have an addictive personality?
Is my insurance coverage adequate?
After answering no or maybe to these questions, the best advice I have used and can pass on is:
- #1 Golden Rule. Live within your means. This goes hand in hand with the question - What kind of lifestyle do I want?
- Millionaire minds live within their means.
- Get a good financial planner that will educate you on money, savings, compound interest and the emotional pitfalls of money.
- Use a simple tool to track your spending. www.spendingdiary.com is cool. Understanding your money habits is a profound and at times shocking psychological experience.
- Buy what you need, not what you want.
- Save your money in an IRA account or any account that has automatic deposits. Make it difficult to access. This is an extremely important tip from all the experts.
Either you change or money continues to negatively dominate your lifestyle, stress level, freedom, control and hope for the future.
Choose financial freedom. Choose it right now.
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