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Defining Financial Freedom

30 Jun
Finance

Finance (Photo credit: Tax Credits)

As I prepare to revisit my quest for financial freedom I realized that I had not truly defined what it means to be financially free. Now lets keep in mind that for the past two years I have been a full-time graduate student….so money has not come easy and no raises my way!!!!!!

Despite being on a fixed income (which technically most people are on a fixed income-lol) I am really excited because I only have one more payment on my car note! I have also been able to take more trips and enjoy my life in general.

What I have come to realize is that the way I have spent money is very focused on the NOW instead of planning for my future.

Being financially free is NOT about now.

I have decided to revisit my idea of being financially free. Below are three goals I have set for myself to help define and measure my trek toward financial freedom:

•Raise my credit score by 30 points in one year
•Save (DO NOT TOUCH) $1K in one year
•Increase my income by $100 each month during the next year

I am thinking that If I can increase my income by $100 each month it should make sure that I have my savings of $1k. I am also thinking that by no longer having a car note I will be able to redirect some of my monthly expenditures to clearing up other debt.

I will do a 6 month check in and let you know how it is going.

Please share with me some how you define being financially free.

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1 Comment

Posted by on June 30, 2013 in Uncategorized

 

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One response to “Defining Financial Freedom

  1. akmarnordin01dreambuilder

    June 13, 2014 at 8:05 am

    I like your postings on Financial freedom, which you wrote a year ago. I hope to read something about this again.

     

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