What is Financial Freedom?
Financial freedom is freedom from worries about money. To many people, this might seem like a pipe dream. We are constantly surrounded by advertisements that make us feel like we need more stuff. This can lead to overspending, credit card debt and all sorts of financial woes. However, financial freedom is possible. It can take time, but with some effort you can live more comfortably. Understanding all of the things you will be able to do once financial freedom is reached will help motivate you.
The Benefits of Financial Freedom
1. Treat Yourself Guilt Free
Sometimes we just need to treat ourselves to something we really want. It could be something simple like a having dinner at the most expensive restaurant in town or could be buying a new car. Being able to do these things with money you have saved is a great feeling. Spending your money on experiences is actually encouraged and can greatly reduce your stress level.
2. Ability to Take Risks
Do you want to pursue a career or hobby that you are passionate about? It may be completely out of the question due to money related matters. However, if you have financial freedom, you can take chances on trying a different career or embracing a hobby. Taking risks will become a less stressful decision.
3. No More Debt
When you are in debt, it’s hard to imagine not having to worry about it. Won’t there always be credit card loans and outstanding mortgage payments to make? The answer is no – once you are living financially free. Constant worrying about debt and losing countless hours of sleep will be a thing of the past.
4. Unemployment Insurance
If you have savings and investments, you won’t need to rely on unemployment insurance to cover essentials. You can continue to live a comfortable lifestyle while you search for new employment options. You will feel less rushed and pressured into taking just any job.
Need Help Achieving Financial Freedom?
We teach many concepts that can help you and your family towards financial freedom. Contact The Alexandrite Group today to discuss our money coaching services.