What is Financial Independence?

Financial Independence can be described in many ways including: having more money than you need to cover expenses, enjoying what I call a work-optional lifestyle, or for some it’s simply having a high SANF (Sleep at Night Factor).

The first step to achieving Financial Independence is knowing your financial goals.

Do you want to spend your time volunteering and serving the community without worrying about where your next paycheck is coming from? Are you longing to quit your day job and pursue a passion or start a business? Do you dream of living out your retirement on a beach or traveling the world?

Once you know where you’re going, you’re on the path to financial freedom.

Aspiring to have financial independence means you’re playing the long game. You’re smart. You know it won’t happen overnight. The decisions you make now will set the course for your future. Setting a budget, paying off debt, increasing income and reducing expenses can all sound overwhelming and be a real buzz kill. The good news is, setting the goal of achieving financial independence means you have your North Star. You’re living a lifestyle greater than “just today”. You’ve decided where you want to me in the next stage of your life.

I like to think of meeting my financial goals as my future self thanking me down the road.

However you define Financial Independence, you should not be intimidated to set this as your personal goal. It is absolutely attainable. Define your North Star. Empower yourself with the knowledge that matters.

Commit to the steps necessary and enjoy your success. You deserve it!