“Wealth is not his that has it, but his that enjoys it.” – Benjamín Franklin
What are your financial goals for the year?
Do you want start a new business, get a promotion, buy a house, retire young?
More importantly, What steps are you taking today to achieve your goals?
I’ve had many colleagues share their aspirations with me over the years, however, few have taken the necessary measures to put a plan into place.
How will you achieve your financial independence?
What can you do today – chat with a business partner, update your resume, take a seminar, or strive for a promotion. They say you need a million dollars to retire in your early sixties. I am retired today with ample funds. My mantra in life has always been, “I want to be the nicest millionaire that ever lived.” This is my tombstone goal. I’ll be happy if my tombstone states, “She always wanted to be the nicest millionaire that ever lived.”
The Key is To Set Goals
Invest
Invest in resources to secure your future and have a ‘war chest’ or
emergency fund.
Budget
Budgeting is essential. It gives you a forecast of where your money will go.
Within Your Means
You’ve heard it before “Live Within your Means” and there’s a reason why … it works!
Make a Commitment
A commitment is a firm decision – a promise to do something. Honor it!
Different Levels of Financial Independence
Our Professional goals are important to both our personal and business objectives for financial freedom and security. Thinking through where you want to be financially and how you will make that goal involves an honest evaluation of your current situation.
What if that doesn’t work? Have you considered a sideline – or gig business? There are lots of online opportunities to pick up extra cash. But decide how you are going to use this income first: needs vs wants vs savings. I chose to use additional income as “fun money” now. During my savings years, I placed most of it in retirement funds.
Don’t forget your career goals. Can you advance yourself in your career? If so, specifically how are you going to accomplish that? Do you have the skills and experience required to comfortably move into new roles? This is where our professional goals take into consideration what is required to achieve personal and business goals.
Our Freedom: Financial Independence
Financial Freedom in Business
Financial freedom in business means having profitability and leverage to grow your business and achieve success.
Your Career and Financial Freedom
Financial security means having enough savings, investments, and cash flow to support your desired lifestyle and secure your future.
Financial Freedom at Home
Freedom at home is having the ability to enjoy the day-to-day while still paying off debt and saving for emergencies.
