Whether you’re fresh out of college or in your 40s with a family, you may wonder when you’ll be financially independent without having to struggle paycheck to paycheck. You may have high credit card bills, or you may not make much at your job, or maybe you plan to change careers. Whatever the case, it can be draining on the wallet. If you feel like you can never get ahead, financial freedom can seem like a pipe dream. Here are four ways to achieve that elusive financial independence.
- Change the way you think about money. You may be going about it all wrong. You may still harbor feelings about money from the way you were taught as a child. Many of us grow up with preconceived notions about money that come from our parents: how we attain it, what value it holds, what we should do with it. Over the years, you may get in a rut, setting aside your personal goals just to make more and more money, but you never seem to have enough. Take another look at the power of money and change your perceptions about it. There’s not just one set of solutions. It’s time to take control of your life so you canfeel free to make life-altering decisions on your own.
- Knowyour goals. Take the time to think about your goals, and then write them down. How do you want to achieve them? What is your timeline? It’s important to pinpoint what you want and need to thrive. Don’t be afraid to be specific; in fact, it’s better if you are.
- Create a customized plan. It’s easier to plan your financial future the way YOU want it if you get it all down on paper or computer. The Huffington Post says to create a personalized action plan according to your three Ps: principles, passion, and purpose. This document will act likea road map of your intended accomplishments.
- Harness the power to make dreams come true. Too many people get excited about their new life plan, put all their energy into coming up with a plan, only to fail to put it into action later. Don’t abandon your plan because you lost steam. This will only cause you to revert back to your old way of thinking. Instead, embrace the power you haveto make change, then keep working equally as hard to secure the support and resources you need to make it all happen. It’s a good idea to speak with your stock broker or financial planner for the best road map to investment success. You don’t have to earn every single dollar you make!
So, what’s holding you back from gaining the financial freedom you want? Whether your goal is to retire with millions or just enough to be comfortable and travel a little, it’s time to secure your financial future while protecting it at the same time. In this vein, you should know the name of a trusted securities fraud attorney.