How to become Financially Free and Start a Better Life

What does financial freedom means?

It is once you have enough money coming in monthly, from your investments, in an amount greater than your monthly expenses, you will be financially free.
Is it possible for most people to become financially free?
Yes, everyone can be financially free even if you are stuck a lot of debt at the moment and you think that there’s no possible solution on your problem or even you are earning a small salary and you have a lot of financial responsibilities.


Steps to follow if you want to become financially free:

1. Find a reason
2. Believe it is possible
3. Educate yourself
4. Make the decision
5. Create a plan
6. Persevere and follow your plan

1. Find a reason
 
Do you have a good reason to become financially free? The perfect reason I’m referring to is to have a dream. A dream that must be worthwhile or something that is worthy of your time, money, or effort spent. That dream will keep you motivated and focussed on your goal, when the  journey of life gets too tough.

2. Believe it is possible
 
Financial freedom does not depend on your gender, race, education, job, salary, where you live, the amount of debt you have, or anything like that. You’ll never be able to do something if you don’t believe it is possible. Luckily, for most people, it is possible to become financially free. You will be financially free depending on your spending habits and your attitude. The best thing to do is to adopt the right attitude and control your attitude in spending your financial resources and you’ll be financially free.  

3. Educate yourself
 
You should know more about money, the better you’ll be able to use it. Financial freedom has everything to do with how wisely you use your money.

4. Make the decision

Since you already have the knowledge about money. You can now become financially free and the next thing to do is to make a decision. Making a decision is very much important, you will decide to carry on with your life as it is, or you can decide to pursue your dream. On this time you should know that your decision will cost you some things. You have to decide for your self whether to sell your car and buy a cheaper one, or even manage without a car completely; you may have to move into a smaller apartment.

You should be ready to make the sacrifices and changes that you’ll need in order to get out of debt and become financially free. The journey to financial freedom starts with a decision.

5. Create a plan

Now that you know where you are heading, and you’ve made the decision to go there, you need to plan how you are going to get there. You need to create a financial plan for yourself.
Your financial plan is your road-map to financial freedom. Just like the road-map you use when you drive somewhere, your financial plan shows the different stops and stages that you’ll have to make on your journey to financial freedom.
You can create a  financial plan for yourself if you have enough knowledge on how to create it. If you don't have any idea how to do, it is better to consult a financial advisor to help create your financial plan, or at least, to check if the financial plan you made has something to be improved. When your financial plan is ready, he only thing that remains is to follow it and start your journey.

6. Persevere and follow your plan

You have everything you need to become financially free. You have a dream, you have the knowledge you need and you have a plan that can make your dream a reality. At this stage, you need to remain disciplined, motivated and focused on your destination.The important thing that stands between you and your dream at this moment, is you.