Design Financial Freedom: Achieve Financial Freedom Faster
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Overview of Design Financial Freedom Website
The Design Financial freedom website empowers you to follow a step-by-step blueprint to live life on your terms, unshackled by debt, empowered by choices, and fueled by the ability to pursue your passions without compromise.
What Design Financial Freedom Website Helps You Do:
- Follow a proven step-by-step blueprint
- Help you gain control over your finances
- Be able to make personal or business decisions without financial stress
How to Use Design Financial Freedom Website:
- Read this 1st Post: Content is curated to walk you step-by-step to financial freedom
- Apply what you learn: Take the time daily to implement what you learn
- Set goals: Create a timeline to achieve critical milestones like paying off all debt
- Problem Solve: If you hit a road-block, learn to problem solve out of it
- Keep Educating yourself: Our website will help you to learn everything you need
- Get help: Consider scheduling a free consultation with a financial coach.
Why I Believe Design Financial Freedom Website is Essential
When it comes to our money, we all want 1 thing. That thing is Financial Freedom. We don't want fluff. We want a pathway to financial independance so we can leave the job we don't want. We want Financial Freedom to do anything we and our family wants. But we need a pathway to get us to Financial Freedom. That's what my Design Financial Freedom website is designed to do. Just follow along and you will be on you way!
My Recommendation
If you are new to my website, you should start right here. This is where your journey to Financial Freedom begins. At the bottom of all my pages, you have the opportunity to get Financial Coaching or schedule a free 30 minute Financial Coaching consultation with me. My time is limited, but if you really need help, I'd love to help. My best recommendation right now is to take the first step.
Read this article and then take an action step below.
Step 1: We Need to Address and Break 3 Myths Stopping You from Achieving Financial Freedom
Are these myths stopping you from achieving financial freedom?
Myth 1: Only the wealthy can achieve financial freedom.
Reality: Financial freedom is attainable regardless of your income level. It's less about how much money we currently have, especially in the beginning. It's about learning how to take control of our money and knowing all the places money should go to achieve financial freedom.
Myth 2: Financial freedom requires extreme sacrifice.
Reality: Financial freedom does require discipline, but it doesn't mean living a life of deprivation. In fact, the way we teach it, we show you how you can enjoy the short term and achieve your financial freedom goal.
Myth 3: It's too complicated for the average person to achieve.
Reality: It is true in the begging, there is quite of bit of work to do. But the good news is that once you commit to doing it, you are already on your way to Financial freedom!
What to Do Next:
- Be honest with yourself: What disempowering belief is holding you back? Write it down now. We can't conquer what we don't identify as the problem.
Step 2: Understand These Holistic Benefits to Achieving Your Financial Freedom
- Emotional: Experience a profound sense of relief and peace as you gain control over your financial situation. No longer will anxiety about money dictate your mood or decisions. Instead, you’ll feel empowered and confident in your ability to manage finances wisely.
- Mental: Improve your mental well-being by reducing stress and uncertainty. With clear financial goals and strategies in place, you’ll make decisions with clarity and purpose. This mental clarity extends beyond finances, positively impacting your overall life satisfaction.
- Spiritual: Align your financial practices with your core values and beliefs. By prioritizing financial responsibility and planning for the future, you’ll achieve a greater sense of harmony and purpose in your life journey.
- Financial: Experience tangible financial benefits such as increased savings, reduced debt burden, and improved creditworthiness. Design Financial Freedom equips you with the tools to optimize your financial health and build lasting wealth.
- Physical: Enjoy improved physical health as financial stress diminishes. The reduction in stress levels can lead to better sleep, increased energy levels, and a greater overall sense of well-being.
What to Do Next:
- Gain Clarity: Assess your financial situation. By understanding your current financial situation and create a clear roadmap to achieve your goals.
Step 3: AssessYour Financial Situation and Get Clarity
Now it's time to get clear on your finances and where your money problems lye.
These are:
- List All Debt: We need to figure out exactly how much of our paycheck is going out the door to pay lenders. Take stock of your debts, including credit cards, loans, and any outstanding bacategorizing your expenses. Even your mortgage (if you have one). Knowing the total amount owed, and minimum monthly payments will guide your debt repayment strategy. Debt elimination is the most important major milestone in achieving financial freedom.
- List All Expenses: This clarity helps you identify areas where you can potentially save or reallocate funds towards your financial goals. We recommend using a CASH FLOW PLAN. Many like to call it, a budget. A cash flow plan is simply a way to say where your money flows to (i.e, bills, luxuries, charities, savings, etc.)
- List All Income: Begin by documenting all sources of income, particularly predictable income. If your income is based on tips, bonuses, or other unknowns, look at your gross income for the past 6 months. Then, determine a monthly average income. Use that number to help guide you.
- List All Savings: Assess your savings and establish an emergency fund to cover unexpected expenses. Having this financial cushion provides peace of mind and prevents you from relying on credit in emergencies.
All other financial concerns are secondary. That includes your credit score, or how much money is in your retirement investment portfolio. We'll come back to retirement funds after.
Understanding where you stand financially lays the groundwork for making informed decisions moving forward. Taking the time to assess your financial situation is not just a step—it's a leap towards financial freedom.
What to Do Next:
- Sum Total Debts: Figure out exactly how much is going out of your paycheck to pay lenders. We'll teach you how to get rid of this faster in another post.
- Sum Total Expenses: Figure out exactly how much is going to all your monthly expenses.
- Sum Total Income Sources: Figure out exactly how much you bring in consistently on monthly basis. For commission-based income, use an average of the past 6 months.
- Sum Total Savings: Figure out exactly how much emergency savings you have. This should be kept in a separate bank or high yield savings account to access if you need it.
Step 4: Follow Our Proven Path to Achieve Financial Freedom
To achieve your financial freedom, we're curating content to provide a step-by-step path for you to follow. To continue on the next post, click the button TAKE THE NEXT STEP.
What's Next?
Continue Your Financial Freedom Journey
- Take the next step. Read our post.
- Financial Coaching Consultation first?
- Need Financial Coach? We can help.
Take the next step toward this brighter future today.
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Frequently Asked Questions about Financial Freedom
Financial freedom is the ability to cover all your expenses and achieve your financial goals, without relying on employment income.
Achieving financial freedom involves:
1) eliminating debt
2) managing money wisely
3) saving at least 1 year's worth of expenses
4) Creating multiple income streams to replace your current employment and support your desired lifestyle.
Yes, financial freedom is achievable with proper financial planning, discipline, and persistence. We offer financial freedom coaching to help clients with guidance, accountability, and support to achieve this.
Steps include:
1) assess debt & debt elimination strategy (debt snowball recommended).
2) creating a cash flow plan to manage and track monthly expenses.
3) identify yearly income needed to support financial freedom.
4) assess and increase current income to support financial freedom.
5) start and build emergency savings to 1 year of expenses.
6) Optional: additional savings accounts
7) Optional: invest wisely and consistently, from early age as possible.
The time varies based on individual circumstances, focus, and committment. However, chances greatly increase with financial freedom coaching, and consistent effort.
Benefits include: reduced stress, greater flexibility in life choices, and the ability to pursue passions without financial constraints. In other words, everything you always wanted, but couldn't do.
1) Start by listing and tracking expenses
2) Save $1,000 in an emergency account right away
3) Start paying off smallest debt first. Set a goal date to finish debt.
4) Add a passive income stream to your income.
This will be different for everyone. However, to find this, we recommend following our PATH TO FINANCIAL FREEDOM to determine this.
Financial freedom is more about being cash flow positive, managing expenses from day-to-day, and having passive income streams to cover all yearly expenses.
For most debt free individuals and families, depending on how reasonably lavish their lifestyle, a minimum yearly income needed to support financial independance might be anywhere from $175,000 to $250,000 per year. This does not include the cost of college education or buying a home cash. However, it should include purchasing a resonably priced car in cash.
Common obstacles include
1) no cash flow plan (i.e. budget)
2) no tracking expenses, leading to over-spending
3) high and recurring debt
4) insufficient savings to cover unexpected expenses
5) lack of unity among couples for how to spend money (or where it goes).
Yes. True financial freedom is the ability to cover all your lifestyle expenses, without your current employment. Therefore, creating passive income streams are necessary to achieve financial freedom. It may be through creating one or multiple income streams from:
1) online business website(s)
2) rental properties
3) investments (retirement, or otherwise)
4) dividends
5) royalties
However, it is recommended you only choose 1 to learn and implement until you are successful. You cannot leave anything to chance when it comes to your money and your financial freedom!
We empower you— with a clear curated content path with practical steps, and expert advice to achieve financial freedom in the shortest time possible.
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