Wise management of your financial situation fosters the freedom to pursue your goals by aligning your spending, saving, and giving with your life priorities. We recently looked at five essential principles for achieving this kind of financial freedom. Today we’ll get practical and discuss five essential habits for achieving financial freedom.
Where to Keep Your Cash Money
How much cash should you keep on hand? That’s a question that comes up with every client, and rightfully so: too little and you’ll be unprepared for emergencies or unexpected expenses, but too much and you won’t be investing your money wisely. While the answer depends on your goals and personal circumstances, here are some rules of thumb that apply to just about everyone.
Caring for Aging Parents
As one’s parents get older, they’ll inevitably begin to face a variety of end-of-life issues: estate planning, living arrangements, whether skilled nursing is appropriate, when to give up driving, and others. Click here for some proactive steps to take to assist one’s parents as they age and begin to face these issues.
Small Steps Toward Big Goals Make a Difference
What can we do when our income is so modest that financial goals seem unreachable and it seems pointless to save (when there’s even anything left after the bills)? While challenging financial situations often feel unmanageable, it is essential to not lose sight of this: small steps toward big goals make a difference.
Achieving Financial Freedom: Essential Principles
For far too many people, finances are an obstacle standing in the way of one’s goals.
But done right, your finances give you the freedom to pursue your goals. This does not necessarily mean being wealthy, but wisely managing your financial situation—whatever it may be—to achieve financial health, giving you the means and opportunity to pursue your goals.
Here are five essential principles for achieving financial freedom.