I think you would have to agree we are currently living in uncertain times. With the massive amount of depressing news around us that is constantly reminding us about all the things that we have no control over.

It’s hard to even imagine how you could achieve financial freedom in the world today. If it’s bad now imagine what it’s going to be like in 30 years or so when many of us are retired.

Your financial freedom is in reach just as much as it’s always been. Don’t let what’s happening around you dictate your path to financial freedom. A huge first step to your financial freedom is accepting what you can control instead of worrying about what you can’t. It’s easy to become overwhelmed with all the unknowns, but this will not get you anywhere.

Remember you control your plan for your future, your habits, and the steps you need to take to achieve your financial freedom. These are the things you focus on rather than circumstances you have no control over.

There it’s always going to be obstacles in your way while working on your financial freedom. You want to be aware of what these obstacles are. You need to be able to remove the obstacles so that you can focus on your goals.

Unfortunately, there will always be things and events in your life that you cannot control. But you can take control of specific steps to achieve your financial freedom regardless of your situation or what’s happening in the world today.

1) Financial Freedom – Focus on your goals

The first step to your financial freedom or any other dream begins with creating a focus on your goals. What are your financial objectives going out 5, 10, or even 20 years? Where do you want to retire? Are you going to be living in an apartment or a house? What type of health do you desire?

The first thing to do is set up your financial goals. Now that you have your goals you can start the planning phase for them. Start with the current budget that you have today. Create a savings plan that will take a fixed amount each month on autopilot and put this into your savings account.

The real challenge comes in figuring your savings to plan over the long-term. One of the best ways to do this is to seek the help of a financial advisor. They can consider all your different assets and put these into stocks, bonds, or other types of Investments.

Make sure you have a strategy in place. This will keep you one course so that you can achieve your goals even during difficult times.

2) Financial Freedom – Create backup funds for emergencies

This has never been more important than right now. The COVID crisis was a brutal reminder of how important it is to have an emergency fund on hand. These funds should not be invested and should be very liquid. Cash is the best option. You need to be able to access these funds quickly and easily.

The size of the fun should allow you to live 3 to 6 months of your living expenses. This should only be used for unemployment or other unforeseen circumstances.

If you’re just starting out it may be impossible to have six months stashed away. What you want to do is take a certain fix the amount each month from your paycheck. This amount would automatically go into your safety-net account.

3) Financial Freedom – Allocate for your future today

Your plan for financial freedom should always include a retirement savings plan. Contributing to a company retirement plan like a 401k, IRA, or Roth IRA are great ideas to start. Not to mention that some of these plans have tax deductions to go along with them.

One thing to help you get started, take baby steps. Most of us start getting the feeling of overwhelmed when we think about our retirement. The way to start is to simply make small deposits into a separate bank account. Have the money automatically transferred every month. This way you don’t have to rely on doing it yourself.

Financial Freedom – Getting started today

Don’t put off your finances until you feel like you finally have enough money to create a plan of your own. Get in the habit of planning your savings while you are young. Then when you are able to expand your savings this will help your savings to rapidly grow.

How do you achieve financial freedom? Even if you find yourself struggling come up with a plan and learn to shift your focus to what you can control.

A little focus goes a long way. I think you’ll be surprised by how far you will get with just a little attention in the right place.

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