The 10 Commandments of Financial Freedom

Financial Freedom

I think every one of us dreams of a day where we can attain financial freedom. But to be able to do that requires a lot of patience, time, and discipline.

So for those who are looking for motivation to keep their finances on check and balance, here’s a list of motivating principles from The Financial Diet called “The 10 Commandments of Financial Freedom.”

#1

Financial Freedom Tip#1

Always have a budget, no matter how much money you have. If you don’t know where your money’s going, you’ll never be financially healthy.

#2

Financial Freedom Tip#2

Know your credit score, know your investments, and know your debts. Clearly picture your money landscapes in your mind, and know where you stand.

#3

Financial Freedom Tip#3

Buy fewer things, but more intentionally.

#4

Financial Freedom Tip#4

Think of your spending in terms of goals and make your day-to-day decisions based on long term. A designer coffee every day, or a flight to Europe in nine months?

#5

Financial Freedom Tip#5

Make indulgences and splurges a part of your financial life, but treat them as the rare, exciting thing they are. Too many treats aren’t treats anymore, they’re a lifestyle.

#6

Financial Freedom Tip#6

Learn how to cook, to repair, and to make things for yourself when possible. Invest in your skill sets as much as you do in your bank accounts.

#7

Financial Freedom Tip#7

Always have a side hustle, an emergency fund, and a Plan B. Diversification means security.

#8

Financial Freedom Tip#8

Ask where you want to be in six months, two years, and ten years. Ask yourself what you can do today to make it happen.

#9

Financial Freedom Tip#9

Remember that happiness is a byproduct of freedom. Work to give yourself options, not things.

#10

Financial Freedom Tip#10

Just like eating a slice of cake doesn’t ruin a diet, spending too much on one weekend doesn’t ruin your financial diet. Guilt isn’t productive. But getting up and doing better tomorrow is.

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