Financial Independence
for Every Human

Freelance to freedom

12 Factors To Consider When Planning To Achieve Financial Freedom


October 26th, 2021 21:24

Do you aim to achieve financial freedom?

Financial freedom is different for every individual. It depends on what a person wants and needs in life. With respect to different economical, cultural, and social backgrounds, people plan to achieve financial freedom in the future. 

Achieving financial freedom would depend on your plan and how you plan to achieve it. Some might want to retire early and some might want to keep working; therefore, there will always be diversity in the way people manage their finances.

So how can I consider myself as being financially independent?

What does it mean to save enough to achieve financial independence?

Saving enough to achieve financial independence could be defined mainly as investing in major priorities only. If you are paying for items that you need and saving the rest, you are already on the path to financial freedom.

But, this cannot be considered easy as, in today's world, there are many entertainments and other wants which are being heavily invested into. If you tend to save and not escape from the regular stressors of the fast-paced life, it could hamper your health. The following tips can help you attain financial freedom.

  • Accept and assess your current scenario

Acceptance is the key to any financial scenario. You must accept and assess your financial standing and begin dividing your income in such a way that will help you save as well.

  • Devise an achievable plan

Create an achievable plan for yourself. It does not have to be the final draft but you can make changes accordingly.

  • Analyze your goals and know your struggle

Whatever goals you may have written, it could involve a struggle to achieve them. Every goal is a result of a long-term struggle. Highlight only those goals whose struggles you are comfortable with.

  • Be prepared to make sacrifices

All kinds of achievements demand little or a lot of sacrifices. Work on goals that seem easily attainable first and then work on the difficult ones.

  • Learn different techniques to save money

This is one step that no one will be able to give you a definitive answer to. You can try and learn different techniques to save money and even use the methods tried and tested by successful entrepreneurs.

  • Research investment options

A major part of savings is investments. The investment avenues that you choose would help you earn a stable return in the long term. The stock market and real estate are profitable but long-term investments; this would require you to be patient and choose wisely or you may end up losing your money.

  • Track your goals and stay active

After making the list today, you might be active for a few weeks but may subside. Maintain your consistency; however, if you do get bored by routine then take a small break and get back to your path.

  • Do not compromise on your health

When saving for your future, it is important to not compromise on your health. After all, health is wealth, and spending all your time and energy in earning and saving money is never worth it.

  • Spend only on priorities

When spending money, ensure that you only pay for important and the stuff you need. You must avoid wasting your money on unnecessary items.

  • Have multiple sources of income

In today's pandemic-stricken world, it is important to have more than one source of income. Simply having one sole earning opportunity may not always suffice for your needs and emergencies.

  • Deposits and funds

Depending on your requirements, you can try and invest in fixed deposits and mutual funds. However, you should ensure to research well before you make your choices and subsequent investments.

  • Plan your days

Planning your daily goals and executing them accordingly can help you provide the much-needed determination you can begin your journey towards achieving financial freedom.


Stay focussed, research well, and do your best and you can be on your path to financial freedom.

Frequently asked questions 

1. How to achieve financial freedom?

  • There is no one way to achieve financial freedom. You would have to take the risk and work on saving for your future.

2. How to achieve financial success?

  • Establish goals and commit to financial planning. After this, you can analyze and determine your net worth and create an emergency savings fund.

3. How to achieve economic freedom?

  • The key ingredients to achieving economic freedom include personal choice, voluntary exchange, freedom to compete in markets, and protection of self and property.

4. How to be financially free by 30?

  • Create an extra income for yourself and control your debts. Learn about investing and practice it as much as you can and start it as early as you can.

5. How can I achieve financial freedom?

  • Investing correctly is one of the best ways to achieve financial freedom. The earlier you start and the more you invest, the faster you will be able to gain financial freedom.

Similar Content

The Entrepreneurial Mindset: How to Cultivate Creativity, Risk-Taking, and Innovation?
Freelance2Freedom Team
Future Trends in E-commerce that You Must Watch Out in 2023
Freelance2Freedom Team
Ways to Beat Procrastination and Increase Productivity as an Entrepreneur
Freelance2Freedom Team
Ultimate Guide to Creating a Business Plan
Freelance2Freedom Team
What are Transferable Skills? How can it help You as a Freelancer?
Freelance2Freedom Team
Risks and Challenges of Self Employment
Freelance2Freedom Team
Basics of Investing: How to Get Started and Build Your Portfolio
Freelance2Freedom Team
Juggle is real: How to Handle Your Career and Life Balance?
Freelance2Freedom Team
Basics of Entrepreneurship- How to get started?
Freelance2Freedom Team
5 Proven Habit to be Successful in Career
Freelance2Freedom Team
DIY Entrepreneurs (Business) Ideas
Freelance2Freedom Team
Blog Ideas for Beginners: Never Run Out of Blog Topics
Freelance2Freedom Team
Business Mentors for Young Entrepreneurs: Why choose a mentor for yourself?
Freelance2Freedom Team
Tips to Overcome Creative Block
Freelance2Freedom Team
All You Need to Know About B2B Marketing
Freelance2Freedom Team
Data Science Careers that are Shaping the Future
Freelance2Freedom Team
Power of Personal Branding for Your Career
Freelance2Freedom Team
Side hustle: How to start a digital side hustle in 2023?
Freelance2Freedom Team
Tips To Help You Find a Better Work-Life Balance in 2023
Freelance2Freedom Team
Get Your Finance Right With These Hacks!
Freelance2Freedom Team


You need to Log In to post comments..
AdBlock detected
Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website