Financial Freedom - My idea of
financial freedom is becoming debt free and happy with what we have will
contributing to our future. We are still young so it's imperative to us to
remain debt free so we can save to do everything that we desire in life.
Savings tip - Anyone who knows me or
follows my blog at Canadian Budget Binder knows that my quote is "It's Not
About How Much Money You Make It's How You Save It" Budgeting has and will
always be a part of our lives. Using a budget is what helped us to become debt
free and we simply don't know if we would be in the position we are today without
it. Making money is hard, spending money is easy but saving money is the
toughest part of personal finance.
Passive income - If you are able to
generate passive income I say, go for it. If you are passionate about a hobby
or starting a small side business that earns you cash then by all means take
advantage of this cash flow and show me the money. As long as passive income
and your hobbies don't take over your life than I'm all for it.
Fast way to prosperity? - Nothing is easy in life that's for sure. Finance is a mindset and until we change the way we think about earning money and spending it and what we 'feel' we are entitled to then we may find the road is very long. We have to believe in ourselves that we can make a difference and that we can change our lives for the good.
Where to start - Starting down the road to financial freedom starts with a solid commitment to yourself that it's what you want. If you believe it will come easy you are sadly mistaken. Commit to the good, the bad and the ugly when it comes to money and budgeting and don't let the bad months get you down. When we give up believing in our ability to educate ourselves, network and experience new things we give up on ourselves. If you want freedom then go get it!
Do you have a great story about this? Share it!