Category / Financial Freedom

Financial Freedom

Have A Fall Back Plan Before You Leap

fallbackplanLiving Your Passion isn’t the easiest thing in the world but it is possible, especially since a college drop out like me is doing it. So I know you can.

But before you throw caution to the wind and quit your day job, be sure to have a little pillow to live on.

By little pillow, I mean some savings or, God forbid , a back up job.

I know I’ve said that a “Real Job” is no place to live your life, but either is out on the street.

So there’s nothing wrong with having a back up plan, especially if it will help you decide to start Doing What You Want.

So make sure that you are stashing away what you can. The more you stash, the faster you can Live Your Passion.

But don’t get hung up on the amount that you should have because that will just hold you back and keep you from taking the leap.

Think of a number right now that you would be comfortable with in savings as a fall back. Don’t ever change that number unless you add a new member to your family.

If you change it, then you’re just scared.

Don’t be!

You made that first number because that’s your comfort number. The closer you get to it the more you might get scared and start doubting yourself.

Stop!

The time is here and now. You’ve made it this far to save up enough to take the leap.

Take it!

And don’t ever look back.

You’re free and time is now on your side.

So start stashing money into your freedom fund and don’t stop until it’s time to jump.

Be proud of your self.

While you’re saving, start Living Your Passion on the side to make sure you found one of your passions.

Having a fall back plan will make you more confident that you can take the leap and won’t have to worry about having to go back to The Man.

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Financial Freedom

What Does It Mean To Be Financially Independent?

Most people, as they are growing up, only dream of being financially well off. They hope that one day, before they are too old, they’ll be able to travel the world and do all the amazing things they see on tv.

The truth is that it is possible. People like Michael Masterson are teaching people how to be financially independent like them. It doesn’t take crazy schemes or impossible tasks. Just common sense and starting early makes it so much easier.

I’m working my way to be what I consider to be financially independent. When I think of that, I think of not having to worry about how I’m going to pay the power bill each month. Or if I’m going to be able to make my car payment. Being financially independent takes a lot of stress off of your shoulders so you can focus on the important things in life like family and friends.

A lot of people, when they get older, regret waiting to do what they’ve always wanted to do. Remember that when you’re older, it’s not going to be as easy to move around. So that backpacking trip you’ve been waiting to take might pass you by.

Learn all you can about becoming financially independent. Make a budget, or just stop spending so much money so you can save up. Financially independent doesn’t have to mean millionaire. Just control your money and you’re halfway there.

There are several things you can do to become financially independent. Improve you credit and get into buying houses and renting them out. It’s not something you can start over night, but you can start learning today. If you can pay all of your bills on time and have money left over to save, consider investing that money.

Remember, you only get one life, so be sure you’re able to live it to its fullest or it will pass you by and you’ll live with regret.

Financial Freedom

Are You Settling With Your Job?


I used to work at a job I hated. I hated going in every day and being told “You just don’t get it”, What does that even mean?

I finally had enough and looked for another job on CareerBuilder.com, but not just any job. I wanted a job that I could use to leap into a future I wanted. My only requirement was that it had something to do with what I wanted to do in life, which is help people with their finances. I ended up finding a job as a bankruptcy counselor where I currently work with personal-finance and help people turn their life around. This was amazing! Everything that I wanted to do in my future was with this job.

I’ve been working there for a while now and I want to take it to the next step by working for myself, so that I can help people even more.

The point of me telling you that story is so that you understand that if you settle for the job you currently have and not enjoying, you are not living up to your full potential. I could even stay at the job I’m enjoying now and be well off but I would be doing myself a disservice and letting down my passion.

If you look around, everyone is giving up. Don’t be that person. Strive for more in your life and don’t make excuses for going after the job you want.

Maybe the job that could lead you to your dreams isn’t as wanted by other people as you think.

Settling shouldn’t be your goal in life. It should be to use your skills to their max potential and then learning how to expand them even further.

It’s impossible to do that working for “The Man”. He wants you to settle because then he doesn’t have to pay you any more and he can always hire someone else to do what you can’t yet. Once his bottom line starts hurting you are going to be the first to go, then what? Then you’re going to start working for yourself?

Why don’t you just start leveraging your skills now, so that can branch out on your own if that happens, or if you decide you don’t want to settle anymore.

You are settling because you don’t want to dream, start going after your dreams and make money for yourself, not for your boss. Your boss isn’t going to feed your family, you are. Your boss isn’t going to make your dreams come true, you are.

So the lesson today is start dreaming and start doing. If your job isn’t taking you where you want to be in life, then find a job that can start you on that track and expand from there. Don’t go through life wishing you followed your dreams, just start following them. That’s what life is all about.

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Is your job leading you you to your dream?