Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views :
Home / MONEY / 3 Simple Steps to Achieve Financial Freedom

3 Simple Steps to Achieve Financial Freedom


Have you ever considered what it would take to achieve your own financial freedom and independence? Having enough money to feel economically secure now and in the future can seem elusive, especially in tough times. I’m no financial guru but I know that having a financial plan, means you have choices and having choices and setting goals is what makes you lead a successful and satisfying life.

Most of us spend a lot of time planning other aspects of our lives, like our careers, marriages and even having kids, but many of us fail to make plans to achieve our financial goals. You should know that attaining financial independence doesn’t “just happen”. It takes time. It starts with a detailed plan, and a willingness to commit to the plan. And to help you get going in the right direction, here are 3 simple steps to achieve financial freedom:

1. Decide What You Really Want

On your journey to become financially independent, you have to have a serious heart-to-heart talk with yourself and decide what you really want. Don’t be scared to admit to yourself what you want. Being afraid is one of the reasons most people don’t achieve financial independence especially being scared of the changes they’ll need to make to get there. Mind you, these changes don’t happen overnight.

READ  How to make money in Nigeria in 2018 (Updated)

Remember you won’t go from zero to sixty overnight. It’s just like trying to lose weight; the weight won’t go off in just one day with a lot of intense work out plan. I won’t expect you to start implementing advanced techniques in your first week. So pick a reasonable and attainable goal, and get used to achieving small wins on your track to financial independence.

2. Spend Less Than You Make

This point cannot be overemphasized. Spending more than you make is an extremely obvious part of why you aren’t achieving financial success, and it’s really surprising that more people don’t recognize that fact, not to talk of putting it into practice. Because none of the other steps will be possible unless you fully commit to mastering this one.

READ  Top Android Phones Less Than 10000 Naira

Learning to spend more than you make is one of the basis of learning how to become financially independent. The best way to stop spending more than you make is to keep track of your money. Do a zero based budget so that you’ll have a plan for every single amount you spend. Delayed Gratification should your mantra. That means to sacrifice now in order to provide for a better future for yourself and your loved ones.

3. Always Save Money (No Matter How Much You Earn)

Don’t say you’ll start saving money when the circumstances feel right. Truth is that time might never come. You should always make a habit of saving money no matter what’s happening. That’s one of the strategies to make sure you are always moving forward. Even if you don’t have enough left in your salary to save money now, then find another stream of income or lower your expenses, or do both. Never let excuses stand in the way of you saving money. It’s a long-term goal that starts now and never stops.

READ  Rising Above Recession The Sujimoto Story - Watch and Win

So there you have it, all it takes to start on your journey to achieve financial success. Of course, I don’t want to make it sound too easy. It definitely will take a lot of time, patience, and work. But understanding the basics will help you work hard to get a deeper understanding and achieve whatever your definition of financial success is.

I’d love to know if you’ve used any of these simple steps to achieve financial freedom in your life. Do leave a comment and let me know.

Thanks for reading.

Leave a Comment

Your email address will not be published. Required fields are marked *

This div height required for enabling the sticky sidebar