Why is financial freedom important?

Financial freedom—having enough savings, investments, and cash on hand to afford the lifestyle you want for yourself and your family—is an important goal for many people. It also means growing a nest egg that will allow you to retire or pursue any career you want—without being driven by the need to earn a certain amount each year.

What does financial freedom mean?

Everyone defines financial freedom in terms of their own goals. For most people, it means having the financial cushion (savings, investments, and cash) to afford a certain lifestyle—plus a nest egg for retirement or the freedom to pursue any career without the need to earn a certain salary. What Is the 50/30/20 Budget Rule?

How do you achieve financial freedom?

This goes right along with having a budget. To reach financial freedom, you need to have self-discipline and be willing to say no to some stuff you can’t afford to buy right now so you can save more in the long run. Listen, we’re not saying it’s bad to have stuff or want nice things. We just don’t want your stuff to have you.