Last year I wrote a series of posts focused on the theme of money and finances (click here to see the entire list). And with today being the last day of the shortest month of the year (and an extra day we don’t normally have), I thought I’d focus on the cornerstone of a healthy, stable, independent life that aids in creating your most fulfilling life.
Money is not always fun to talk about especially when you don’t have much of it or are in debt, but ignoring it will never solve the problem or create successful habits that will better support your dreams.
Whether you are single or married, I strongly advocate for creating a life that is established through financial independence. In other words, by being financially independent, you then make big and small decisions because you want to rather than because you have to and when the latter occurs, it ultimately takes you off track as you strive to create your best life.
I’d like to share with you today five benefits of becoming financially independent:
Enables You to Pursue What Makes You Happy
Once you have a financially sound foundation, you are now able to pursue your passions, spend your free time as you wish, travel the world if you choose, treat your children or save for their education, pamper yourself, take that cooking class you’ve had your eye on or learn a new language or two. In other words, when you are able to live in a manner that is congruent with who you are, you become better in tune to which direction your life should go in order to arrive at your desired destination.
Boosts Your Confidence
It will take time to become financially independent. For some it will take longer than others. However, no matter how long it takes, it is when you successfully reach a point in your life where you have a enough to live on comfortably that you realize how capable and disciplined you are. A sense of accomplishment washes over you and most people see an increase in their confidence. And confidence (not arrogance) is a very magnetic and beneficial characteristic.
Able to be the Curator of Your Life
When you have enough money to pay the bills without asking for help, when you have enough money to buy those tickets to Paris without asking for a handout or when you have enough money to live the life you desire without putting it on a credit card, you become free. Free from owing anybody anything. Free from guilt. Free from obligation. Free to help those who you truly love and care about because now you can. Free to be single if you choose and not marry because you have to. Simply free and what better state of being is there to be?
Helps to Foster Healthy Relationships
One of the biggest stressors in a relationship is financial woes. By getting your financially situation in order and knowing that you aren’t dating someone because of how much money they make but because you love being with them (and visa versa), you are establishing a much more stable foundation from which to build a lasting relationship. Do yourself and your partner or future partner a favor and respect yourself enough to take care of yourself financially. Needy isn’t attractive. Remember what was mentioned about confidence? And remember one way to gain it? Become financially independent.
Peace of Mind
As I mentioned yesterday, one of the most effective and fiscally sound medicinal practices that aids in living a healthy life is a good night sleep. And one way to ensure you have a good night sleep is to have your finances in order: knowing you don’t have outstanding balances, knowing that you’re able to pay your debt off in full each month, knowing that your bills are paid with extra in the bank. There is nothing more sleep inducing than knowing you can take care of yourself financially.
Now, with all of this said, it is the end of the month and the near beginning of another. I’m off to balance my checkbook.