How to Achieve Financial Freedom at a Young Age

Financial freedom is defined as having enough money in the form of savings, investments, and cash that can be used to afford our needs without depending on jobs or other people.

Achieving financial freedom at very young age is a dream for many people. Not many people succeed to reach financial freedom. Even until their old days, many people still busy deal with financial emergencies, increasing debt, and so on. The success in achieving financial freedom is to start with setting up specific goals. It they goals are not specific, they will be less likely to achieve. Break down the goals in several intervals and determine the time needed to accomplish each goal.

In addition to create life goals, it is also important to make budget for all of your needs. Based on the budget that has been made, it will be easier for you to allocate your many. After that, create savings. More importantly, start to think about making investment. The sooner you do it, the earlier you will be financially free. Over time, investment allows you many grow exponentially. As it may take long time to make meaningful growth, you have to start invest now.

Another thing that makes you financially free soon is to have a frugal lifestyle. It does not mean that you have to live hard. What you need to do is to change your mindset. There are many wealthy and successful people that used to live below their means. Start by making small adjustment like trying to be wiser when buying things. For example, instead of buying things you want, purchase things you need. Instead of purchase you things, maintain your old properties such as cars, clothes, and other appliances so they can last long. As a result, there is no need to buy new ones.

If necessary, hire a financial advisor. With the help of professionals, you can manage your money in a proper way. More importantly, a financial advisor can help you make important decisions regarding money management.

Last but not least, take care of your health. Health is also a kind of investment. When you are not healthy, you won’t be able to earn money and it will postpones your financial freedom. The worse thing is that some companies may force early retirement for employees who have poor health. Therefore, keeping the body healthy is a part of the efforts to achieve financial freedom early.

Introduce Yourself (Example Post)

This is an example post, originally published as part of Blogging University. Enroll in one of our ten programs, and start your blog right.

You’re going to publish a post today. Don’t worry about how your blog looks. Don’t worry if you haven’t given it a name yet, or you’re feeling overwhelmed. Just click the “New Post” button, and tell us why you’re here.

Why do this?

  • Because it gives new readers context. What are you about? Why should they read your blog?
  • Because it will help you focus you own ideas about your blog and what you’d like to do with it.

The post can be short or long, a personal intro to your life or a bloggy mission statement, a manifesto for the future or a simple outline of your the types of things you hope to publish.

To help you get started, here are a few questions:

  • Why are you blogging publicly, rather than keeping a personal journal?
  • What topics do you think you’ll write about?
  • Who would you love to connect with via your blog?
  • If you blog successfully throughout the next year, what would you hope to have accomplished?

You’re not locked into any of this; one of the wonderful things about blogs is how they constantly evolve as we learn, grow, and interact with one another — but it’s good to know where and why you started, and articulating your goals may just give you a few other post ideas.

Can’t think how to get started? Just write the first thing that pops into your head. Anne Lamott, author of a book on writing we love, says that you need to give yourself permission to write a “crappy first draft”. Anne makes a great point — just start writing, and worry about editing it later.

When you’re ready to publish, give your post three to five tags that describe your blog’s focus — writing, photography, fiction, parenting, food, cars, movies, sports, whatever. These tags will help others who care about your topics find you in the Reader. Make sure one of the tags is “zerotohero,” so other new bloggers can find you, too.

Design a site like this with WordPress.com
Get started