7 Financial Freedom Quotes
Feeling uninspired to invest? Nervous about what to do with your money? Here is a collection of inspiring financial freedom quotes that illustrate the value and freedom of being financially active to get you back on your feet and ready to invest in what you believe in.
What Does Financial Freedom Mean?
Financial freedom, by definition, is the state of being financially secure enough to not depend on others for income– to be without worry of your financial situation because of utter tranquility within it. The act of being financially independent goes farther than just having enough money to remove it as a determining factor when making decisions, it involves the constant, purposeful growth of wealth to contribute to what you believe your time should be spent on– whether that’d be sustainability promotion, social justice initiatives, etc.–without monetary concerns clouding your judgment. To be financially free is to be stress-free (in the context that monetary considerations are an unrecognizably predominant factor in growing levels of stress within current society). Not only does achieving it leave your mind free, but also leaves your heart liberated and your soul revitalized.
Quotes from Influential People Who Have Achieved Financial Freedom
“Your economic security does not lie in your job; it lies in your own power to produce—to think, to learn, to create, to adapt. That’s true financial independence. It’s not having wealth; it’s having the power to produce wealth.” – Stephen Covey, author of The 7 Habits of Highly Effective People
“To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence.” – Jim Rohn, author of 7 Strategies For Wealth & Happiness
“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.” – Charles Thomas Munger, vice chairman of Berkshire Hathaway
“Your assets are your employees. Invest more on those performing well. Let the non-performers go.” – Manoj Arora, author of From the Rat Race to Financial Freedom
“Never depend on a single income. Make an investment to create a second source.” – Warren Buffett, no explanation needed.
“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.” – Suze Orman, star of The Suze Orman Show, award-winning financial advisor
“Financial freedom is freedom from fear.” – Robert Kiyosaki, author of Rich Dad Poor Dad, founder of Rich Global LLC
How do I Become Financially Free?
CREATE a plan to pay off debt
Although it doesn’t have to be done within a limited time frame, creating and abiding by a feasible plan to pay off debts efficiently allows you to enter the realm of financial freedom. After all, financial freedom is freedom of monetary bondage, which is exactly what debt implies.
BUDGET available funds to cover needs
Rather than succumbing to the desire to overspend, budgeting your money on a regular basis defines your priorities– between needs and wants– and fortifies your determination to become financially independent.
BUILD a safety net of savings funds
Paying yourself is just as important as paying off debt– this is an essential lesson financial advisors strongly recommend. Having an automated transfer of income into an emergency fund is not only preferable but a much more efficient way to build your savings fund. Cater your personal savings fund to an amount that fits your circumstances– the standard depends on your own needs.
INVEST in passive income sources (start with Alinea!)
Investing has historically been the most effective strategy to expand your money. There is nearly no better approach to build your money than by means of investing. The best way to begin is to get started– this is the most crucial step! The best part: Alinea is here to help you every step of the way!