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.”
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.
Know your credit score, know your investments, and know your debts. Clearly picture your money landscapes in your mind, and know where you stand.
Buy fewer things, but more intentionally.
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?
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.
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.
Always have a side hustle, an emergency fund, and a Plan B. Diversification means security.
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.
Remember that happiness is a byproduct of freedom. Work to give yourself options, not things.
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.