Everyone wants financial freedom. Nobody likes being bogged down by bills, debt, taxes, and having no money to spend on the things that they like or the stuff that they want to do. So how about we start the year strong and make freedom from money troubles our goal?
With most of the world straining through the ongoing pandemic, finding a way to a comfortable life, free of financial worries, can be a daunting task. We need to be mindful of how we manage our hard-earned money now more than ever. Are we putting it to good use? Does it all go to things we actually need? Can we afford these things or should we settle for cheaper alternatives? So many things need to be considered when reaching for financial freedom.
Starting doesn’t need to be difficult though. It can be as simple as becoming aware of how one handles their money. Set a budget. Follow that budget. Stay out of debt, and deal with the debt that you do have. Resist the urges to spend money on things that are unnecessary. Keep track of where your money is going and eventually the road to financial freedom will become clear.
Holding on to these habits can be difficult in the long haul. A good way to motivate yourself is to imagine the life that you want to have in the future. Having more time for yourself, more options, more energy for fun instead of it being used on stressing over your credit card statement. Every time you open your wallet, visualize your goal and think. What is it that you really want?
There are of course plenty of other strategies that one can employ to further improve the state of their finances. But before looking elsewhere, it is always easier to first look towards oneself. The road to financial freedom is long, but the first step starts with you.
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Disclosures
Securities offered through Securities America, Inc., member FINRA (www.finra.org)/SIPC /www.sipc.org), a separate entity. Lee Michael Murphy is licensed with the California Department of Insurance, License 0H18660. Lee Michael Murphy is an Investment Advisor Representative with Securities America Advisors, a registered investment advisor
The Free Retiree, Securities America Advisors, and Securities America Incorporated are separate entities. Career advisor Sergio Patterson, attorney Matt McElroy are not affiliated with Securities America Advisors or Securities America Incorporated.
Securities America Advisors, Securities America Incorporated, and its representatives do not provide tax or legal advice; therefore, it is important to coordinate with your tax or legal advisor regarding your specific situation.
Third-party sourced information or comments are not verified, may not be accurate and are not necessarily representative of all client or audience experience. All or a portion of this event paid for by a third party.”
The opinions of a career advisor, Sergio Patterson, do not reflect the options of Facebook, Inc. The opinions of attorney, Matt McElroy, do not reflect the opinions of Castaneda and Company.