"Real wealth is not about money. Real wealth is: not having to go to meetings, not having to spend time with jerks, not being locked into status games, not feeling like you have to say 'yes,' not worrying about others claiming your time and energy. Real wealth is about freedom."
-James Clear
Financial freedom is a term that is often used in personal finance circles, but what does it actually mean?
At its core, financial freedom refers to the ability to live the life you want without being constrained by financial concerns. It means having the financial resources to cover your expenses, meet your goals, and pursue your passions without worrying about money.
For some people, financial freedom might mean being debt-free, having a healthy emergency fund, and being able to afford the occasional luxury without going into debt. For others, it might mean being able to retire early, travel the world, or start a business.
Whatever your definition of financial freedom may be, the key is to have the financial resources and flexibility to make choices that align with your values and goals.
Achieving financial freedom requires a certain mindset – one that prioritizes financial responsibility and long-term thinking over short-term gratification.
There are many steps you can take to work towards financial freedom, such as creating a budget, paying off debt, saving for retirement, and investing in a diversified portfolio of assets.
These assets could be stocks, businesses, precious metals, or our favorite, real estate.
Whatever path you choose, it's important to remember that financial freedom is not an overnight achievement – it takes time, patience, and discipline to build the financial foundation necessary to live a life free from financial stress.
Ask yourself this question: If money wasn't a factor, what is it in life that you would do more of?
So what does financial freedom look like to you?
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