No matter what financial situation you have at the moment, you can make changes that will lead to financial freedom in a shorter time than you might imagine. Simply changing your mindset can help you increase your financial resources and create more security and freedom in your life.
Comfort Zone Risks
Chance are you are presently engaged with some gainful employment, maybe you have a salary that you wish was a little higher, but there’s not much you can do about it for now. Then you compromise; after all, you have a comfortable life as it is – but this doesn’t lead to financial freedom.
Do you want to be someone wishing they had more or someone taking risks to increase their earning potential? The comfort zone is one of the main limitations to obtaining financial freedom, so why not reframe your mindset and focus on attaining new financial goals for the year and taking risks.
The Future Self
Sometimes the future is hard to imagine, but studies show that the more you can connect with your future self and future life situation, the easier it is to plan for the future and move into a new comfort zone in a higher earning bracket. So how can you prepare for a more affluent future?
The first thing to remember is that improving your life situation is not about sacrificing anything you have today; on the contrary, it’s about strengthening the foundations you have – even if you only have a little – and building your dream life. Make a life of the things you want in the future.
One of the most important aspects of financial freedom is shifting your mindset from survival consciousness to prosperity consciousness. Too many people are locked in a survival mode because they have too many lifestyle expenses or debts to handle. But you can break out of it.
What are your capacity and financial goals? If you ask most successful millionaire entrepreneurs, they will tell a story about their initial financial goals; in most cases, it was to be a millionaire, which they managed to achieve. If they only thought about survival, they wouldn’t meet their goals.
Saving and Spending
There is a disconnect between saving and spending for most people with the money they earn every month, partly because they’ve worked for it and partly because they’ve been waiting for it to land in their accounts for a few weeks. Definitely treat yourself, but always remember to save first.
If you shift your mindset with a change company, instead of spending, switch to accumulation mode rather than satisfaction mode. It means that you think twice about spending money on unnecessary items and focus on using that money to save or invest instead, leading to financial freedom.
The Active Life
The next mindset shift you need to make to turn the dream of financial freedom into a reality is the shift from hoping to doing. When you make financial goals, they move out of the realm of wish fulfillment into the realm of reality. Taking action on your goals also makes them more realistic.