financial independence #takechargeofyourfinances
We’d all love financial independence.
But, what is it? Our parents taught us that financial SECURITY was the most important thing.
Security means a good job, with good benefits that will last you for as long as you want, or are able, to work.
Security is a fleeting proposition. Good jobs, those that might allow you to attain financial independence eventually, are hard to find and hard to keep. In other words, if you have a well-paying job, you will probably make so much money well before you retire that your company will want you gone, because it can hire someone younger and cheaper.
If you want financial independence, keep that good job for as long as it will have you.
There’s something else about today that is different from when your parents or grandparents were young. More people are losing track of their spending, and how much they have saved. So says Tom Coulter, president of Meridian Trust. Coulter wrote a column headlined, “The pursuit of happiness via finances,” that appeared in the News Sentinel newspaper in Knoxville, Tenn., July 5, 2015.
“While few people believe that money alone can make us happy, we do know that people who are confident about their abilities to realize their financial goals report higher levels of life satisfaction than those who aren’t,” Coulter writes.
In other words, to quote colleague Ronnie Paul Waldrep, “Money can’t buy happiness, but it can sure help you work out your problems in style.”
Coulter suggests taking inventory of your finances and making a plan. Determine how to align your actions with your priorities. Buy books, surf the Web or hire a financial planner, if necessary, he says. Most of all, take charge of your life.
As you go through life working toward financial independence, which, for argument’s sake, we’ll define as being able to do what you want, when you want, enjoy the pursuit. For example, Chris Guillebeau reached his goal, or, as he calls it, his quest of visiting every country in the world before his 35th birthday. He discussed his travels and his book, “The Happiness of Pursuit,” in a 2015 interview with Success magazine publisher Darren Hardy. The interview was recorded on a CD included in Success magazine.
As you work toward your goal, or quest, for financial independence, find joy in the journey. Many successful people will tell you that achieving success was not as much of a delight as working toward it. Sure, everyone has ups and downs in whatever journey he pursues, but by keeping the finish line always in sight, the downs become less of a burden and the ups become more of a reward.
If you don’t believe your job alone will give you financial independence, or your best money management efforts won’t get you everything you want to be financially independent, there are many other ways to augment work and discipline. For one of the best, visit www.bign.com/pbilodeau. You’ll find ways to bolster your money management efforts as well as ways to provide an income that has nothing to do with a “job.”
With Independence Day 2015 now passed, create your own independence day. Make today the day you get hold of your finances, start pursuit of your financial quest and find ways to enjoy the pursuit every step of the way.
“Baseball is ninety percent mental. The other half is physical,” says Yogi Berra. Financial independence is largely created by how you think, not what happens to you. Think good thoughts. Take charge of your life. Take enjoyment from your journey. Independence awaits.