How To Find Financial Freedom

Before you can find anything you must first know what you are looking for, and finding financial freedom is no different. When I was in college, many years ago now, I received a free membership to a video rental store. A friend and I took off in the direction that we “thought” we should go. We knew where we wanted to go, but didn’t know where the store was. We drove, and drove, and drove but we never found the place.

Finding financial freedom is much like that; you must know what it is in order to know if you have found it. So what is financial freedom? A street reporter asking that question would get many different answers. Therefore, lets start with just the concept of freedom. William Wallace from the movie Braveheart would say that freedom is giving up your life for something or someone else. Others would say that freedom is living a life not needing anyone or anything. And still others would say that freedom is living free from oppression and communism.

As you can see there are many different definitions – and you must find your own. Most would agree that finding financial freedom can be defined as, “Being free from financial bondage and being able to pay all the monthly bills while at the same time saving something for the future.”