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Grow Your Best Life

Financial Freedom Tips: How to Achieve It

When you are financially independent or free, you have a lot more options. You don’t have to wonder if your bank account can handle groceries, job loss, unexpected repairs, etc.

Below are a few financial freedom tips that helped me and can help you live your best life.

Accept responsibility

If you want to fully change your financial future and hit that independence, you need to accept responsibility. Own up to your financial mistakes and understand your money decisions greatly affect your wealth in the future.

It’s completely okay to make mistakes or not be financially savvy, but take charge and own up to it all. This will greatly impact your financial IQ and mindset to reach your goals.

Learn how to manage money

If you don’t understand where your money is going or how to control your spending, you’ll find that financial freedom will not be possible. The challenge is, a lot of people let money control them and it can spiral out of control.

Take charge and don’t be afraid to face the numbers.

  • Keep track of your net worth, personal spending, and any investments.  These tools from NAFCU are perfect for this.
  • Know how much money you bring in and how much goes out. You can catch a lot of overspending or places to make cuts to get more money back in your pocket.
  • Develop a budget to help you stay on track and adjust as need over time. You should be spending about an hour each week with your budget. It’s your new best friend.

One of the best resources we provide our members is our partnership with GreenPath. Whether you are simply trying to put a budget together, a savings plan or if you have debt or credit issues and need someone to help you get control of your finances and set you on a path to success; GreenPath is your solution.

GreenPath Financial Wellness

Live below your means

If you want to obtain a life of financial independence and freedom, you need to live below your means.

It’s a challenge for a lot of people, but also a number one reason most people are broke or have little savings. We want to keep up with our peers, have the latest car, upgrade the size of our house/apartment, etc.

All these things put a strain on your financial goals. Stop worrying about what others have or trying to upgrade to the next best thing. Stay within your means and your pockets will thank you.

ABL – Always Be Learning

You might have heard of ABC for sales –  Always Be Closing . Well, we can play on that with ABL –  Always Be Learning .

If you want to reach financial freedom and live your best life, you need to keep learning.

It doesn’t matter if you become a financial master in your lifetime, continue to read books and personal finance blogs to help you gain further insight. There is always something new or another perspective about money that may help you achieve your goals.

Never Stop Learning  

To get in contact with someone at USSFCU to determine what path best works for you, please feel free to click below.

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