4 Simple Steps to Financial Freedom: Do this to Achieve Your Independence in Just 4 Weeks!

While financial independence is something that is desired by all yet for a lot of people it’s nothing but some lofty concept.

As a person you probably must have tried your hands at different things aimed at achieving financial freedom but none have been able to give you the anticipated results.

The good news however is, financial independence is possible. No! It’s not by working harder or putting in longer hours. But if you will make a few adjustments to your life, you’ll quickly find yourself starting to build financial independence, in no time.

“Freedom cannot be bestowed — it must be achieved.” — Elbert Hubbard (American writer, publisher and artist)

In the spirit of the Fourth of July I want to share with you in this post 4 simple steps to achieving financial independence starting today.

Now, you must understand that independence is more than just money as Henry Ford once said:

“If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.”

However, achieving financial independence gives you the freedom to do a whole lot of things for the good of humanity. Besides, if you take action on these tips you’ll not only make money but you will also gain knowledge, experience and ability just as Henry Ford put it!

So, read on to find the answers you’ve been searching for.

How to Achieve Financial Independence in Four Steps

1. Eliminate the word “credit” from your vocabulary

A whole lot of financial help articles have tips on how you can have a good credit score. But as much as having a good credit score can open up opportunities for you, living in the credit culture actually puts you in a stressful situation.

It’s important therefore that if you’re seeking financial independence you should start by doing away with credit.

Start with the credit cards in your wallet. Get rid of them! If however that makes you nervous then only keep one for emergencies. Just ensure the credit limit is somewhat in line with the amount of cash you’ve saved.

From now on make it your mantra that if you’re unable to purchase something with cash, it probably means you can’t afford it. Live within your means.

Ensure that you avoid borrowing for frivolous expenditures. Those are usually the hardest loans to repay.

“If you truly want to be respected by people you love, you must prove to them that you can survive without them.” — Michael Bassey Johnson

2. Treat needs and wants differently

Take a look at your life. How many of the things you have or do can be considered necessities? If you’re honest with yourself, you’ll realize you’re piling on unnecessary expenses focusing on your wants rather than your needs.

• Making a list of the things you require for survival is a necessary step for financial independence.
• Everything that didn’t make the list can easily be eliminated from your expenses each month. Why put that amount of burden on yourself? It’s time to give your finances a break.
• The things you do to maintain a calm existence can be added to your list of necessities. For example, your yoga class may be necessary because of the physical and emotional benefits. But you can reduce the monthly expense by purchasing a yoga DVD and working out at home.

3. Tap into your skill set

Are you working in a field that you love and that maximizes your skills?

If you think about it, you’ll realize that you’re most productive when you’re doing something you like or are good at.

You might want to start with your current job. Is it bringing out the best in you? Or, can you earn more and increase your productivity in another field?

Perhaps you can pursue a transfer to another department at your current place of employment. Or if you want to move on to something completely different then start an ecommerce business from the comfort of your home.

This is just a perfect choice because as Dick Cheatham puts it, “He who defines duty for himself is his own master.”

4. Save money at all costs

Even if it’s a dollar at a time, put aside money for your savings account each month. When you learn to save it helps you develop an understanding of its importance.

One way to save is to request a salary deduction each month. That amount can go to an investment account, which limits your access.

Many companies have 401(K) or 403(B) accounts that can get you started with a savings plan. Look into what’s available at your place of employment.

Conclusion:

The above are four simple strategies that will help you achieve financial independence. Stop thinking that this is a prerogative of only a few. Fact is, it’s much easier than you think.

Give yourself four weeks to make these simple financial adjustments and then assess how it’s going. You’ll no doubt feel encouraged by the positive results!

However, if you want to frog-jump journey to financial independence then you’d want to start your own business. This is the most proven way over the years.

Get my FREE 7-Day CRASH COURSE on Building a Profitable Online Business, With ZERO Stress! to learn how:

“Don’t depend too much on anyone in this world, because even your own shadow leaves you when you are in darkness.” — Ibn Taymiyyah

Hope these few tips help you achieve your much desired financial freedom.

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4 Simple Steps to Financial Freedom: Do this to Achieve Your Independence in Just 4 Weeks! was first posted on July 3, 2020 at 1:54 pm.
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