What is financial freedom? For me, it simply means having the freedom of time, a time where we can spend to the things that we enjoy and the things that are important to us.

Why do we need financial freedom? Ask yourself the following questions and you’ll find out the answer.

“If you are an employee, will you be willing to work for the rest of your life?”

“You keep working and working as an employee, who gets rich in the end? Is it you or your company?”

“Did you ever notice that as your pay increases as you work your way to climb that corporate ladder, your income taxes also increases?”

“Did you hear stories of some top executives who committed suicide or risked their health into diseases because of so much stress and failures that they faced from their respective careers?

“Did you hear stories of some children whose life were misled because of lack of guidance since their parents didn’t have enough time for them because of work?”

Everybody wants to have that freedom of time. We definitely don’t want to be working all our lives. And of course, we want to spend more time to the things that we enjoy and that are important to us which is our family.

Now how are we going to achieve it? What are the steps needed in the journey to financial freedom?

1. First, you must “Set Your Goals“. Make a checklist and monitor your performance as you move forward towards achieving those goals.

2. Second, you must have the proper discipline and mindset towards achieving it. You must have the mind and will power.

Think of positive things as it attracts opportunity.

3. Third, we must learn how to be frugal. We must live below our means.

4. Fourth, we must learn to invest. Assess yoursef first and choose where to invest that extra cash.

You can even learn how stock market works. Alternatively, you can also choose real estate investment.

Always remember what Robert Kiyosaki says: “Invest in assets and not in liabilities.”

5. Fifth, start as early as you can. There’s a saying that “the early bird catches the worm.” The earlier you started these steps to financial freedom, the earlier you can move closer to achieve it.

Finally, as an example, here are the steps that I climbed in my journey to financial freedom.

While it is through that money cannot buy happiness, money can buy our freedom of time. Achieve financial freedom and achieve that freedom of time.

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Tyrone is a passionate financial literacy advocate. He started this blog on November 2008 when he watched The Secret which talked about Law of Attraction because he wanted to become a millionaire and wanted to know how a millionaire acts. At the age of 26, he achieved his first million. To find out more about him, click here or follow him at Instagram

6 responses on “Journey to “FINANCIAL FREEDOM”

  1. Amen to this, brother! At first I thought you were not from the Philippines, but I saw the one peso coin in your background. 🙂

    Or maybe I am wrong, but, yes, Financial Freedom is my goal for the next 5 years. And the chance of getting there is just tripled when I started my online presence and learn a few things about blogging, marketing, affiliate programs…

    Thanks by the way for visiting my site.

  2. Thanks Bloggista. Yes, I am from Philippines. I would like to commend you also for doing a great job in blogging. I hope to earn money online as much as you do. Cheers!

  3. What a very practical tips, straight to the point. You’re right, money cannot buy happiness, but with freedom of time and some sufficient money on our hand, life will be seems much easier for us, and it’s one of great tool to reach life’s main goal, ie happiness. Happiness comes when we feel free, that’s why financial planning shall be done in natural way, get our planning on hand without bring another today’s pain and burden when we implement it.
    Luck for all of us !

  4. thanks a lot tyrone for your blog. i learned so much from here. have you heard of the Create Abundance by 2020 group? i think it’s the first of its kind here in the philippines – a group where there are really mentors who would teach its members to achieve financial freedom. you should check it out. 🙂

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