Personal Finance Ology

With all of the stress and worries the downfall of this economy is causing, I thought I’d take a minute to stop and smell the roses. All of the talk about the importance of becoming financially stable made me take a moment and think about the real reasons I wanted to become financially stable.

I understand repairing your credit and having an ample amount of savings for a rainy day (which is an estimated 3 months worth of your overhead according to the experts) is vital and can be a stress reliever, knowing that you have some sort of cushion in case of an emergency, however I feel there’s something more important to financial stability. Therefore, the real question isn’t just “how much money do I need to pay off my debt?”, or “what more do I need to do to fix my credit?”. The most important question is “why do I want more money?”

When you find the answer to that question, you are not only discovering what really makes you happy but you are also providing yourself with the motivation that will make obtaining financial stability that much easier. If you were to use your true happiness as a focal behind all of the hard work you have to put into creating financial stability all you will see is the outcome and not your current situation.

Financial stability to me is more than simply having more money it’s about having the ability to provide financial freedom for yourself and your family that will allow to do the things you enjoy all while doing what you love. If you happen to be in situation where you are not doing what you love then you can focus on just that-being able to do what you love. My point here is that in the event there is some sacrifice on your part your main concern should not be the sacrifice it should be the reward.

Your work and your process towards financial freedom is actually that financial freedom. I’ve figured with all of the stress and worry of what’s going to happen next with the economy, the most important thing is our sanity and our strength. I happen to find my sanity around those I love and find strength in my journey to financial freedom and acquiring the ability to do the things I enjoy most. Without that there really isn’t a life or a purpose. I know we all wish we could just wake up and be Bill Gates or Donald Trump, however the most important thing to remember is that Bill Gates and Donald Trump didn’t just wake up with that net worth. They had to sacrifice and push towards their goals in the face of adversity. The thing to take from their stories is their success. They did it! And you can too!

While I am only ¼ the way to the type of financial freedom I would be satisfied with, I have learned to take my time, learn all I possibly can and follow the detailed map I’ve drawn out for myself all while taking the time to enjoy the process, my family and those along the way. It’s always better when you stop and smell the roses!

Photo by: natural.1

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