The Top 10 Financial Freedom Tactics

Finding the best ways to financial freedom can be vexing at times, especially when you are in debt and working more hours than you eat and sleep just to make minimum payments each month on your credit cards. However, don’t let it get you down. The first tactic in getting to a point of not having to worry about money is staying positive and focused on a goal. Your first step is to sit down and make a list of the financial freedom tactics that are going to work for you.

Make a budget and stick to it no matter what. Cut out all frivolous spending and make sure that you purchase only those things that you must have out of necessity and survival. Don’t go out and buy things that will have no bearing on whether you eat and have a roof over your head. Luxuries are nice, but they are even nicer when you can afford to buy them without feeling overwhelmed and guilty.

One way to have a detailed record of what you are spending is to keep all your receipts, even the ones for a pack of gum at the corner convenience store. At the end of each month, add these receipts up and you won’t be able to deny how much you have spent. You may be surprised at how much you spend that you really don’t have to. Take out the amounts that are not bills or food and see how much you get. This is the amount that you need to cut out immediately.

One of the best and oldest Financial Freedom tactics is to stay out of debt. This may sound easy, but for those who are there, it seems as though the credit card bills never go down. The truth is they aren’t if you are playing only the minimum balance each month. Remember that money that you cut back on when you were adding up those receipts? Add that to your minimum payments so that you can finally see a change in your debt balance.

Find ways to entertain at home without spending more money. Your best bet is to not spend any money on recreation until you can get yourself out of debt. Go to the parks and lakes in the summer for fun instead of taking expensive trips to the beaches or amusement parks. These kinds of things can come later when you don’t have to stress out over the money to finance them. There are plenty of things that you can do at home that are fun and don’t cost a dime. This is easier even when you have kids to focus on and keeping them entertained. Get outside and play hide and seek with them. Play a game of volleyball or catch. These  things are free and will build memories for your children that no amount of money can buy.

Learning Financial Freedom tactics that are going to help you in achieving your goal of a stress free life is worth all the sacrifices you are going to have to make. Don’t give up and keep your head high and the pay off will certainly be worth it.  What’s a little bit of sacrifice in order to one day gain the financial freedom that you’ve always wanted and known you could obtain.  Only then will you finally see the value of your hard work and live unlike most still a slave to their finances.

Thanks so much for reading! If you haven’t already, be sure to sign up to our RSS Feed or Get your updates via email (powered by FeedBurner) . Make someone else’s day by sharing this post with others as well in your social media community.

If you’re already subscribed to our RSS Feed or email updates, Make sure to join our Blog for a live discussion or even to browse around for more interesting stuff.

Just one more thing, If you haven’t had a chance to, make sure to Grab my absolutely FREE Report, “Golden Nuggets, 25 Absolutely You Need for Financial Freedom “. You can Grab Your Free Copy Below:

FREE Report

Tags: , , ,

Category: Financial freedom, Financially Elite Blog

  • I saw your comment on Jason Fladlien’s site. I’m the CEO & Founder of Creative Writing Institute and I do outsourcing for ebooks, autoresponders, and such. I would be pleased to help. Deb

  • Hi Dwight,

    Signed up for your eBook, your site is looking great. You have some good topics here, have fun.

    Keep well and keep contact,

  • Great post. It is really very informative and interesting too. Thanks for sharing this post with us.

  • Good read. However, how can one really stay out of debt these days. We actually need to incur debts to improve our ratings. Funny but true, right?

  • Dwight Anthony

    In a way you are correct, the post really shows the difference of good vs. bad debt. Debt that you pay off every month that builds your credit can be considered good debt, so I agree to an extent. It’s not necessary to go into debt though as it is a myth.

  • Pingback: How I Live Without Credit Cards | Financially Elite Blog - Achieve Financial Freedom()