Imagine never having to wake up early in the morning to go to work a regular 9-to-6 job to earn a salary and to provide for yourself and your family. Instead, you’ll be spending your days focusing on your dreams. Think of some of your biggest dreams in life. You want to own a beautiful home. You want to provide for your family. You want to be able to travel the world and experience incredible adventures. What’s preventing you from doing these things?
Achieving financial freedom is a goal for many people. It generally means having enough savings, investments, and cash on hand to afford the lifestyle you want for yourself and your family without being driven by earning a certain amount each year.
Financial freedom. It can sound like a nice theory. But the truth is, it’s possible for anyone to achieve. And I mean anyone – even someone who once had tens of thousands in student loan debt like yours truly. No matter what financial troubles you have today, there’s always a way to get back to black. Perhaps trying a budgeting app is your first step.
You can only achieve financial freedom by knowing your starting point. Looking at how much debt you have, how much savings you don’t have, and how much money you need can be a depressing reality. But this is a valuable step in the right direction.
Having this emergency fund is practical and it’s necessary for your mental well-being.