5 Things To Remember On Your Path To Financial Independence
We all want to be financially independent and build wealth, and deciding to embark on the journey towards financial independence is a big deal because it marks a fresh beginning with your money and it means that you are setting out to accomplish something that can change your life for the better. However, the path to financial independence is not always a smooth perfectly paved path and so here are 5 important things to keep in mind as you embark on your journey:
1. You are taking ownership of your life
When you begin working on your financial independence, it means that you want to make a difference in your life - You want to take control of your money as opposed to having your money control you.
That in turn means you are taking control of your life because you are deciding that you no longer going to allow yourself to be cornered into a life you dislike and as opposed to simply working for your money, you are going to put your money to work for you. You want to do better and be better and that is something you should be proud.
However, it's important that when you've made this decision to take ownership of your life, you also determine your WHY and you keep your WHY present. Why are you doing all of this? For what reasons? Knowing your why will keep you motivated on the days when things are not smooth sailing.
2. It will not be easy, but you can do it
Your journey to financial independence, might not be easy, at least not as easy as you think. There will be some tough days, weeks and even months because life happens and pursuing a goal of financial independence that's very much tied to delayed gratification is not always fun.
That being said, building wealth is completely doable as long as you have a solid plan for your finances, are ready to work on being disciplined and can focus on taking consistent actions towards your money goals.
3. You will still make mistakes with your money and it's ok
As you work on your finances, you may still make mistakes with your money and that's ok. Sometimes you might be unable to resist the urge to buy something that isn't in your immediate budget and sometimes you will feel like ripping your entire financial plan to bits because it just doesn't seem like fun.
However, as long as you keep your reasons WHY you want to be financially free in focus and make an effort to rebound quickly from your mistakes, you'll do just fine.
It's all about assessing the mistakes you made, why you made them and how to avoid make them again and then taking those lessons and applying them to your future success.
4. Not everyone will understand your journey & that's ok too
Some people will laugh at you for wanting to build wealth.
Some people will tell you that you can't do it.
Some people will tell you to live a little.
Some people will not like that you have to say no to them sometimes.
And some people just won't get it at all.
Again, all of this is ok. If the people around you are nay-saying, talking you down or just not motivating you at all, then you need to shift your circle of influence and find like-minded people that are on your same mission and surround yourself with them.
5. Remember, gratitude always
In this day an age, with all the pressures of social media and what seems like overnight successes (that really aren't) plastered everywhere, it's easy to get caught up in the comparison game but it's important to remember that YOU are more than enough.
Go through all the things you already own and realize how blessed you are. Reflect on all the progress you've made and how far you've come. Go over all the lessons you have learnt and how you now know better. Be happy that right now in the moment you know that you will do better with your money going forward. For all of this, be grateful.
And the best thing about gratitude? It brings contentment and peace of mind.
Remember, this is your journey and not anyone else's. For every setback you have what matters is that you make a comeback and that you come back better. If you want it bad enough, you will get there and when you do, it will be so worth it!
Bola Sokunbi is the founder of Clever Girl Finance and she's passionate about helping women take control of their money so they can live life on their own terms.