The Simple (but not easy) Road to Financial Freedom 

The path to financial freedom is simple, but it’s not easy. If it were easy, everyone would be a millionaire, right?

Here are the 7 simple (but not necessarily easy) steps to financial freedom. So what are you waiting for?

Step 1: Make a Plan (Find Your Why)

Grab a cup of coffee, sit down with a pen and paper, and write out why you want to achieve financial freedom. You don’t have to pen the next great economic masterpiece – it can be really simple.

Step 2: Track Your Spending (Where are You Now)

Think of this as the research phase. You can’t know where you’re going until you know where you are.

Step 3: Make a Budget

Here is a simple mindset shift that helped me learn to love budgeting: budgeting is nothing more than making my spending align with what I truly value.

Step 4: Establish an Emergency Fund

If you’re just getting started with getting your finances under control, I recommend you scrimp, save, borrow, and steal (ok don’t borrow or steal) to put $1000 into an emergency fund.

Step 5: Pay off Debt

The first 4 steps were all about breaking the consumer debt cycle so you aren’t constantly financing your lifestyle with high interest credit card debt. Now you can start attacking the debt balances and make a plan to pay them off.

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