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People ask me all the time, “What’s the secret to achieving financial freedom?”
My answer: Think about the big picture, but take small steps daily to achieve your goal.
People everywhere have trouble with money. They fail to save, don’t invest wisely and don’t pay off debt quick enough. It’s just plain overwhelming. But the secret to achieving true financial freedom is to take consistent, yet small steps each day to create remarkable results.
It’s the 1% rule. Do 1% each day to reach your financial goals and at the end of a week, month or year you will have achieved immeasurable results.
Listen, the reality is all it really takes is your willingness to change your habits.
Table of Contents
What’s The Secret To Financial Freedom?
1. Read
I read about money every day. Sometimes I go to sites like Forbes or AOL and read the money sections to learn what’s going on. I subscribe to a few different newsletters and faithfully read what’s included in them each week. Frequently, you will find me reading books from Amazon that are money related. I read so that I can be up-to-date on the current trends and issues but also to get smarter and smarter about money. Reading is a great way to educate yourself about money and money management.
I’ve talked before about my all time favorite money books. These books totally transformed my thinking and actions when it came to money. Some were more eye-opening than others, but they all added to my knowledge base and propelled me towards reaching my financial goals to pay off debt and get financially healthy.
If my favorite books don’t do it for you, find others that will. Talk to friends, co-workers and family and ask them for their favorite all time money books. Either way, get out and read some books on money.
Read: Why I’m Not A Fan of The No Spend Challenge
2. Talk
One of the best ways to learn about money is to talk to someone who knows more about money than you do. Whenever you meet someone like this, ask them how they got smart about their money, the mistakes they made, and what’s worked best for them. By talking and sharing you’ll begin to learn more and more about money and will be able to share your knowledge with others.
Someday, others will come to you looking for those pearls of financial wisdom, and they’ll be asking you.
Read: How To Reach Your Financial Goals This Year
3. Save
Saving is best done automatically. That’s why I suggest you have money automatically transferred from your checking account or paycheck into your savings account. It doesn’t matter how much.
I love Capital One 360. It’s the saving account where I have money automatically transferred to each month directly from my checking account. And, what I love about Capital One 360 is I have to wait to gain access to my money. I can’t just take money out any time I want too.
For me, it was the distraction and distance I needed to help support and encourage my saving strategy. Today, I don’t even think about this money, I just happily watch it grow.
Remember, all that matters is you do it! Small amounts add up fast, so don’t be discouraged if starting out you can only save $10 a month.
Read: The 6 Steps To Saving As A Means Of Getting Out Of Debt
Were you expecting something different, something more dramatic for the secret to financial success?
That’s the thing.
The secret to financial success is really simple.
Read about money, talk to others who know more about money than you do and save consistently and you will find yourself on the road to financial freedom!
