how to be financially free

Spring is just a few days away (yay!) and with it comes a sense of newness and hope as sweet jasmine scents the air and the weather brightens. The unfolding of a new season, Spring especially, can be a good time to take stock of things in your life and see where you might need to redirect your attention. 

Our finances are just one of many areas in our life which need adjustments from time to time. It can be a challenge to rewire your brain to change the way you view money and reassess your financial situation, but with a few big shifts you can completely change your financial future to be one that's bright.

Enjoy Your Work

Find work that you are passionate about. If you don’t enjoy what you do, you won’t give it your all, which is really what is needed in order to enjoy high levels of success. If you have passion for something it will feel less like work, and more like an exciting way to spend your time. If you love your job then eventually money will follow your dedication.

Have a Plan and Commit to it: 

Create a budget as well as a long term money plan to map out exactly where you would like to be in the future. Create a one year, five year and ten year plan with strategies to achieving each of your monetary goals. Establish regular debits from your weekly income to go into a savings account, aim to save 30% of your salary. Keep your debts under control and paid on time.

Don't be a Greedy Guts  

While having lots of money might result in happiness for some people, being obsessed with having oodles of dollars won’t actually help you to manifest it. Instead focus on being grateful for what you already have while working towards your goals. Also look for ways you can give back to your community. From donating to good causes, volunteering your time or giving away excess clothes and possessions to Vinnies and Salvos. The more you give the more you’ll get back, and you’ll feel good about it too. 

Learn the Difference Between Needs and Wants

One of the best ways to set yourself up for financial success is to be conscious of your spending. Learn how to curb your spending on spur of the moment buys. If you genuinely want to experience financial wellbeing you need to shift your priorities and only spend money when you need to. Once you only have in your home possessions you genuinely love and use, then living with less can actually lead to more happiness. Less stuff equals less stress, and more money to build savings, assets and a future.

Set yourself up for success by changing spending habits, planing for the future and having a positive outlook. And throwing in a bit of generosity for good karma points is always a good idea. 

Alison Gallagher is a freelance writer, resourcefulness expert and entrepreneur. She has been featured in various publications including Stellar Magazine, Australian Health and Fitness Magazine, and Cleo Magazine. Alison is particularly passionate about sharing practical tips on how to live simply, sustainably and seasonally.