Financial Freedom Friday – The Path

Achieving financial freedom is one of the most popular goals on my coaching clients bucket lists. and it’s a topic I am passionate about. In this series we will work together to ensure you are on a path to financial freedom in your own life.

But what is financial freedom exactly, and how do we achieve it?

10632708_942240372457805_3160735808066603671_nTraditionally, financial freedom is defined as: passive income exceeding your living expenses. In other words; earning an income that allows you to live your dream life without having to work.

While this can seem like an impossible goal for many, it is possible for everyone.

Financial freedom,  is usually thought of as being for people with millions in the bank or those willing to take large risks on the stock market.

Neither of these are true. You probably need far less than you think to achieve financial freedom and there are many ways to get it.

Financial freedom can seem like an impossible goal for many, but the goal can be broken down into many smaller, and achievable mini~goals.
Each one of these mini-goals is a success in itself. And as the journey is usually more important than the destination, it is important to celebrate each achievement along the way.
Financial freedom mini goals:

Know how much you spend and how much you earn: This may seem simple but many people are surprised to see where  their money goes when they have a closer look.

Free yourself from debt that isn’t earning you money:  This includes credit card debt, store debt and those interest free purchases.

Simplify your spending: Have a clear understanding of what you want to spend your money on and what you don’t. Align spending with your values.

Know how much to spend on yourself each week to keep functioning at your best:  Being too restrictive with money is just as damaging as spending too much. You need to function at your best to reach financial freedom and there is a dollar amount that will help you get there.

Understand value over price: Investing in good service and value regardless of the price always saves money in the long-term.

Be comfortable investing in yourself first:: The more you invest in yourself, the more you will be able to contribute. This is not something to feel guilty about.

Overcome money blocks: Uncover and overcome limiting beliefs and barriers keeping you from financial freedom. Eliminate guilt and self-sabotaging patterns. Establish trust and build self-confidence and worthiness.

Develop an empowering investment strategy: Creating a plan of how to get from where you are to where you want to be.  One that aligns with your values and doesn’t keep you awake at night.

Become excited about receiving bills instead of dreading them: This was one of my biggest realisations of how far I had come on my own journey to financial freedom – appreciating and loving bills.

Clearly define the dollar figure to live your dream life: It is usually less than we think.

Become your own boss: Define what work you want to do and when you want to do it.

Be comfortable taking the steps that will get you there: On the path to financial freedom there will be many road blocks. Learning how to move forward with confidence is the biggest key to financial freedom.

Where are you at on your path to financial freedom? Please share in the comments below or let us know what is stopping you.

If you are ready to move forward on your path to financial freedom or start achieving your goals I will be making space for 3 new coaching clients next week. Use the contact form  below to leave your details and I will send you the information.

Nicole x

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