You want to gain complete financial freedom; but first, you need to define exactly what financial independence means to you. Following anyone else's definition won't get you to financial freedom. This is your life and your financial freedom.
Here are some basic questions to ask yourself and even write down.
A realistic picture of your current financial situation
A realistic idea as to what you'll have to give up to get where you want to go
A realistic assessment of the obstacles in your path
A series of goals that will help you to become financially independent
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Basic Financial Freedom Checklist
Increasing your income
Controlling your spending habits
Paying off your student loan and credit card debt
Understanding your savings patterns
Determining your investment objectives
Defining your long-term financial goals
Purchasing the right insurance
Implementing a legacy plan for your heirs
Commit Now that You Will Always Realistically Live Beneath Your Means
Commit to Refocusing on Your Goal Regularly
In order to become financially independent, you need to be fully committed to your plan. You should have a written plan – that includes realistic goals for each financial category – and plan to review them annually or even monthly.
The purpose is this:
Make sure your goals are on track
Keep yourself focused on your ultimate goal of becoming financially independent