I’m excited to share my 30-day series on how to achieve financial independence. This isn’t a bootcamp for organizing your finances, but rather a guide to kickstarting your journey toward financial freedom.
As we explore this together, we’ll talk about how much money you need to be financially independent, and ways to save and earn more. By the end of it, you’ll be able to decide whether this life-changing choice is right for you. Some people are perfectly happy working the same job for decades, and I truly respect their dedication and passion for their work.
But then, there are people who don’t want to follow the crowd. They aim to live life on their own terms, and financial independence is their path.
I definitely fall into that latter category. I can’t imagine spending all year working just to afford a tiny apartment, commuting for hours, and buying overpriced drinks to cope with a job I dislike. I’d much rather have the freedom to wake up when I want and spend my day doing what I love.
Creating this life won’t happen overnight. It’s similar to aspiring to get fit and slim like a model; you can work toward that goal, but it won’t happen instantly. However, with strong motivation, it is absolutely possible. So, let’s dive into how you can achieve financial independence and experience its many benefits.
Here are the steps we’ll cover throughout the series:
1. Start Saving
2. Start small
3. Figure out how much you will need
4. Grow your income
5. Multiply your sources of income
6. Find sources of passive income
7. Invest
8. Automate your finances
9. Minimize your stuff
10. Minimize your wants
11. Prioritize what is important
12. Find how to get what is important cheaper or free
13. Reduce your energy footprint
14. Reduce your car use
15. Learn to DIY
16. Learn to perform repairs and maintenance on your car
17. Grow a garden
18. Learn new skills
19. Find your community
20. Help your peers and you will get help
21. Picture your dream life, is it like before?
22. Now that life is cheaper, find out how much you really need
23. Find your passion
24. Find a job related to your passion
25. Give back
26. Let compound interest work for you
27. Make a plan with deadlines
28. Reach the tipping point where your income equals your expenses
29. Give up your job
30. Enjoy!
By following these steps, you’ll be well on your way to financial independence.