gold dollarFinancial Freedom - The Destination Or The Journey?

Achieving financial freedom is not about how much you earn, but how wisely you use what you earn. Financial freedom means different things to each of us. However you define it, it is not about what you have but rather what you no longer have.

    checkmark bullet   You no longer have money worries and the stress that results.
    checkmark bullet   You no longer have money arguments and the strain on your marriage.
    checkmark bullet   You no longer live paycheck to paycheck.
    checkmark bullet   You no longer live a life that revolves around your job.

We know that spending more than you earn in an effort to impress friends and neighbors is a recipe for financial disaster. For many, getting out of debt can become the sole focus of a money management strategy. Their journey towards debt free living becomes something to get through, much like a rush hour traffic jam.

The problem with this kind of thinking is that while you are attempting to control your spiraling debt, you still have to live your life. Your quality of life depends as much on the journey as it does the destination. If you have removed all the enjoyment from your day to day living, human nature will likely dictate rebellion and over indulgence, and you may revert to overspending before ever reaching your debt free destination.

The Key To Debt Free Living

You need to plan and develop life long money management habits that allow you to enjoy the journey to financial freedom as well as allow you to stay there. If all you see is the debt baggage that needs to be let go, you will never enjoy the true success of debt free living.

Debt consolidation loan are a useful resource for getting out of debt, but without learning any new money management habits or altering your lifestyle, the chances are high that you will continue to spend your way into another hole and need yet another debt consolidation loan a few years down the road.

Others use an excellent strategy, to eliminate debts by tackling the lowest balance, highest interest debts first while keeping monthly payments toward other debt the same, even as loan after loan is paid off. (More on this monthly payment formula here.)

While remaining in control of their money, they also learn some powerful new money management habits. These new habits begin the journey of building additional wealth.

A complete plan - along with a Debt Action Guide, and a personal well defined destination will set you on the path to financial freedom.

Money secrets your friends don't know and the banks won't tell you...

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Notable Quotes

quote open"...if no changes were necessary for you to achieve financial independence, you'd already be there."quote close
~ John Cummuta

FYI ...

To achieve financial freedom, ideas such as: listening to good advice, learning how to make a budget, understanding credit repair possibilities, avoiding the scams, and generally becoming more knowledgeable of the credit card business, can all play a role in eliminating credit card and other debt. There is A smarter way to manage your money.

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