F is for Are You in Financial Freedom or a Financial Frenzy?

F is for Are You in Financial Freedom or a Financial Frenzy?

Are you feeling financial freedom or a financial frenzy?

Financial  Freedom or Financial Frenzy

Financial freedom can mean different things to different people. Still, generally, financial freedom means that between your salary, assets, and savings, you are free from worrying about affording the lifestyle you want for yourself, including your retirement! When you are worried about paying your next bill or putting a meal on the table. It’s difficult to even think about retirement, credit card bills, or investments. This is when you know you may be in a financial frenzy.

Of course, there can be a spectrum from freedom to frenzy. You may have a growing retirement account and investments, but you’re still looking for that job that allows you to continue contributing to your investment account(s).  Or you may be deep in credit card debt with no assets, but have just gotten a great job that will allow you to work and get back on your feet again. Or maybe you are ready to cash in all of your assets to take a significant business risk on something you are passionate about. Whatever the case may be, everyone is on their own financial journey, and it’s OK to be in the middle of one.

So how does one rise out of financial frenzy into financial freedom? Here are a few steps you can take to get on the financial freedom path:

Start Investing


Investing is an easy way to grow your wealth over time. Of course, investing comes with risks, but often those risks can yield high rewards. Talk to your financial advisor to make the best investment decisions for your portfolio.


Set Goals

Do you want to retire early and live in a vacation destination? Or are you wanting to stay where you are and downsize as you get older? Either way, you need to set goals about what you want your future to look like, and then start planning for them!

Pay off Debt


This one is always easier said than done. But by paying off debt on time, you’ll improve your credit and get a huge weight off of your back. Try paying the maximum payments, and then slowly saving your way to pay more than required each month. The faster you can pay off debt, the quicker you can put that money towards something more meaningful to you!


Create a Budget

Look at what you’re making and your expenses. Then, consider all of the things above. Use these to make a budget that works for you and your financial goals. Stick to your budget, and don’t be afraid to live below your means while working towards financial freedom.

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