How to Achieve Financial Freedom

People want to get out of debt, save more money, earn more passive income, and achieve financial freedom. However, most of us are still waiting for these things to happen. What’s the problem? What’s wrong with all the good things and plans we have in mind to battle debts and realize our personal and financial freedom? Why there are still many people who are slaves of financial problems and instability. In the following paragraphs, we will discuss how a person can truly achieve his financial liberty.

Who are your masters?

So you want to be free and wish to escape from your financial woes? But why do you want to be free? Who are those masters that are enslaving you? These are the questions we must answer and understand first before we go into battle and win the war to achieving our financial independence. Actually, most people are financial slaves because they don’t know who have conquered them. And even if they know who their conquerors are, they will just ignore them. The reason is that these things are not giving anyone a hard life (at least in the short run). Leisure, indolence, irresponsibility, pride, selfishness are usually easier to embrace than their counterparts.

Now let’s ask again, who is your master… is it diligence or laziness? Is it pride or humility? Is it self-control or self-indulgence? So what do you think your answers are? The truth is that it’s not the poverty that is enslaving us; it’s not debt that is enslaving us. They are just the consequences of our decisions and actions that lead us to fall in the hands of those negative invaders, such as your bad attitudes, values and principles. Remember that you become what your master is. Thus, if your master is “indolence”, you become indolent, and such person will always face financial troubles.

Finding your way out

After realizing the roots of your financial problems, which go deep to your personal principles, it’s now time to defy your old masters whom are causing troubles in your finances. But how can you overcome them? The solution is to find other masters and be slave of other things. The wisdom behind is that there is no absolute freedom; you must choose a master that can give you good life, financially and personally. Thus, if you want to be free from indolence, you need to follow diligence. If you want to defy self-indulgence, you must become a disciple of self-discipline.

Achieving financial freedom must also be backed up with attaining personal and spiritual freedom. You think you’re not financially free because your income can’t cover your expenses? Well, bear in mind that your income or earnings depend on your work, while your “spending” depends on your needs and wants. If we go deeper, we will realize that your work will further depend on your hard work, patience and perseverance, while your needs and wants will further depend on your self-control, humility and even honesty. Financial freedom is not all about money; it is all about everything from within and outside yourself. It involves your principles, values, attitudes, decisions, actions and constant ways of living.

Escaping from poverty and financial troubles requires deep and specific solutions. In other words, you must not only determine deeply the causes of your financial problems, but also determine those causes specifically. Thus, if you have many debts and your loans are not paid on time, you need to monitor your specific expenses that cause you to skip paying your debt or loan amortizations. Moreover, you also need to specifically determine your income opportunities to be able to earn more and increase your financial capacity. You should come up with the S.M.A.R.T.E.S.T (specific, measurable, achievable, relevant, time-bound, enthusiastic, scrutinized and tested) financial plan to succeed achieving your financial freedom.

Starting a new life

Just like other kinds of independence we achieve, personal financial freedom must also be preserved so it will never be lost again for the second time (or many times). To accomplish that, you don’t just make actions to attain it for a time in your life, but you must constantly practice and preserve it all your life. So if you want to avoid suffering from extra debts, you must manage your debt consistently by avoiding unnecessary spending and expenses, building an emergency fund, working hard strategically (and ethically) to earn more, and by implementing other solutions for maintaining a consistent and effective debt management program.

To totally live a new and better financial life, we need to have a personal rebirth. We should have new eyes, mouth, mind, heart, hands, soul and spirit. We should have new eyes that see a brighter future, a new mouth that can say no to financial traps, a new mind that create better financial plots, a new heart that values your good financial decisions and intentions, new hands that do your plans and intentions, new soul for a more improved life, and a new spirit that make your life more consistent.

Final thoughts

Financial freedom can’t be achieved overnight, though our personal and spiritual freedom can. Spiritual and personal freedom are not bounded by time and space, for they are not physical. But they are the roots that lead to our financial freedom. That is why they should be the ones we should work out first, then our personal finance will follow. Achieving financial freedom is simple, yet difficult, for life is simple yet it is not that easy. Hence, we need to be wiser, more sincere and more dedicated to attaining it. So let’s start now, set your spirit free, take away the wickedness that bring us to financial misery, so that the days to come will be lighted with financial freedom. Finally, don’t forget that financial freedom is one great legacy we can pass on to our children, our grandchildren and to the next generation.