Financial Freedom Day For Us

The day you become financially free and independent, will be the financial freedom day for you. It will be the day, about which you have always dream of. It will be the day when you can do whatever your heart says, without calculating the pros and cons of it. Understandably, it will be the biggest day of your life and each day before it will be an exciting journey towards your dream destination.

For most of us, there is a gap between our current financial condition (financial baseline) and the desired one (financial freedom day).

Impulsive, unplanned steps will never bridge this gap. To reach your long-term goal successfully, you would need to chalk out a clear and result-oriented plan.

It always helps to have specific, measurable targets to reach a financial goal. Making concise and no-nonsense plans will help you know what you exactly want and so decide how you want to achieve.

To reach the final destination of your journey, your plan will work like a road map, directing you at every step and helping you when you go wrong. By being able to identify your mistakes, you would better know how to overcome them yourself. Clear, measurable targets will even make it easier to figure out how far you have come and how much more you need to go.

Try and answer the following question at the beginning of your journey:

How much money do you need every month?
What should the total value of your assets?
At what age do you want the above?
What day, month and year will it be then?

Most of us get scared by the very idea of having to deal with numbers. But don't be daunted by numbers. In this case quantitative goals will help you in monitoring.

Set practical goals in the beginning and start working on them. Always keep them flexible, so that you can change them if need be. You will be able to make adjustments according to what suits your needs, as you start understanding them slowly.

People, who have the passion to make money, do not simply want to become 'rich'. They want to earn money because for them money is not the means to an end, not the end itself. It enables them to do whatever they have always wanted to do. Money is also the result of something higher - that is their will to work hard and nurture higher thoughts of life.

Rich people always use their money in several noble ways like setting up foundations trusts and corporate bodies. They don't ever stop at the money making venture, but come up with ever new ways and means to increase their income. Most rich people make investments in stocks, real estate, and art and antiques etc. They always have new horizons to look forward to. They never stop dreaming about making more and more money.

Even you can set your own goals right away. A little foresight and planning will help you achieve your financial freedom. Make a checklist of the following attributes when you set up your targets:

1. They should be specific

Make an extensive plan as to how you want to achieve your financial independence. state specific facts and figures so that you exactly know what to do and how to do it.

2. They should be measurable

Mention dates and amounts in dollars to monitor your rate of success. Put down in numbers, the amount of business that you managed to do and the money that you have made, in dollars.

3. They should be achievable

Set goals that you will be able to achieve. Also put down what you will need to achieve them.

4. They should be realistic

Make the most of your resources. Pick out someone who has already reached his financial goal. Ask for his advice as to how he managed to complete his task. He will point out your mistakes more effectively.

5. They should be timely

Set deadlines for yourself. A fixed time frame will provide you the required motivation to achieve your financial freedom.