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.
- Financial Freedom (handlingyourmoney.wordpress.com)