What would it mean to you if you were financially free? And no, you don’t need millions of dollars and years of hard labor to achieve financial freedom.
What actually matters in terms of our connection to money is our mindset. Changing your attitude about money will alter your overall financial outlook.
If you put a million-dollar check under your pillow at night, this article might not be for you. It is because the goal of this article is to become financially free in whatever capacity you choose, not just to get millions.
And that’s the most important part: you have to define it for yourself.
In fact, this is a task that too many people delegate to others, including celebrities, the government, and society at large. As a result, they never succeed.
In order to achieve financial freedom, you need to know what it looks like for you, and then devise a plan for how you’ll get there in only a few months.
🌱 What It Means to Achieve Financial Freedom?
By “financial freedom,” people usually imply the ability and desire to live without having to labor toward meeting their financial responsibilities.
Depression among those who work 9 to 5 has increased, according to one study, by 62% between 2019 and 2020 in the United States.
Depression is largely caused by a sense of helplessness, an inability to reach one’s full potential, and a lack of available options.
Perhaps we’ve also seen how abundant or amazing life can be for some people because of social media; it’s like a carrot that’s tantalizingly close but just out of reach.
We crave greater purpose, excitement, and freedom to live our lives on our own terms.
As we see it, money is the one thing that stands in the way of everyone else’s dreams…not us.
So to get a realistic picture of what financial freedom might look like for you, think about what your life would be like if you no longer had to worry about money.
In what ways would it be different if your next meals were no longer something you had to think about when deciding how much to spend?
To put it another way, the stress and despair that comes from feeling like a “wage slave” is a direct result of our inability to articulate what we truly desire.
Focusing on what we lack creates an attitude of deprivation, which manifests itself in our daily lives.
Images that reinforce the belief in ourselves that we aren’t good enough are being fed to our subconscious and emotional minds every day, saying that we lack the ability to be financially free.
As it stands, if we’d taken our time to define our financial goals, we wouldn’t have ended up in this situation.
🤔 Is Achieving Financial Freedom Only Achievable at Extreme Net Worth Levels?
We’ve been taught to believe that financial independence is only possible for those with extremely high net worth, thanks in large part to the media’s influence.
However, this isn’t necessarily true.
In order to achieve financial freedom, you must have enough capital to provide a return that is larger than or equal to your monthly expenditures.
That’s a fine place to start, but it doesn’t give the whole picture.
If your monthly expenses are $3,000 (mortgage, utility bills, etc.), you can achieve that with a $108,000 investment in the stock market over the course of three years.
Isn’t it a lot less than you expected?
Make sure to keep in mind that we’re not talking about a luxury lifestyle here.
You may be able to do that if that is what you choose; however, what we’re focusing on here is your capacity to fulfill all of your financial commitments without having to work.
$108,000 is a reasonable amount of money for most working adults, and it’s not something you’ll find in the couch cushions.
Even if you have to continue working in the short term to service the debt and keep up with your bills, you’ll have a clear end goal in sight.
For the same amount of effort, you’ll earn twice as much money!
🙌 How To Achieve Financial Independence With The Correct Ment
In order to change anything in your life, you must first accept responsibility for your current state. Without it, you’re giving up the ability to create new decisions.
In the past, you may have been a victim of circumstance, but how you respond and what you choose to do with that experience is entirely up to you.
You’ll notice a shift in your outlook on life if you make a conscious effort to see the silver lining in every situation.
The Law of Attraction is fundamentally based on this idea.
In the back of your mind, your reticular activating system (RAS) is doing all the heavy lifting. This is the region of your brain that is responsible for filtering out unnecessary information, highlighting critical information, and prioritizing your safety.
The problem for many of us is that we haven’t figured out how to connect with our RAS in a way that it understands.
As a result of our inability to communicate our wants, we find ourselves entangled in an endless cycle of inner conflict.
In achieving financial freedom by first changing our mindset, here are some steps:
1. Begin by emptying your mind and focusing on the current moment
Relax your mind and body by finding a form of meditation that allows you to focus on the here and now and become more aware of your surroundings.
The purpose of this is to put an end to all of the thoughts that keep you in the past or project you into the future.
2. Then make a mental movie or slideshow of what your typical day would look like if you were rich
In this case, we don’t want to talk about big events, huge wins, or anything else. We just want to talk about a normal day.
3. As you go about your normal day in your new life, start to pay attention to how you feel.
Do you feel your shoulders loosen and drop? Have you been having butterflies in your stomach because you are excited? Are you smiling more than you did before?
You’ll notice a shift in your RAS if you can recollect these feelings whenever you want to.
It’s like making a connection with your ideal future and bringing it closer to/into your current reality.
Your financial freedom is closer than you may think or believe.
Be aware that the boundaries you’re presuming to be there is the product of your subconscious mind, which has been fed proof of that throughout your existence.
In the short term, it may seem like a lot of work to start a stale automobile, but the benefits will accumulate quickly and continue to grow.
Your financial condition will also begin to “snowball” if you adopt this viewpoint.
Start searching for financial freedom as soon as possible, because it is closer than you believe!
❓ You Might Ask
1. What does it mean to achieve financial freedom?
Financial freedom means that instead of relying on loans to pay for significant expenditures, you may save up money and pay for them yourself. As a result, you’re able to keep more of your monthly income in your bank account rather than paying interest rates and repayment schedules on debt.
2. What is being financially responsible?
As long as you’re taking care of your own and your family’s needs, you’re being financially responsible. Internal attention is the key to making this happen. So long as your neighbors aren’t footing the cost for your rent or mortgage, you shouldn’t be influenced by their spending habits or their style of living.
3. What is basic financial literacy?
A person who is financially literate is one who understands how to handle their finances. Learning how to pay your bills, borrowing and saving money wisely, and planning for retirement are all part of this process.