Financial Freedom

The allure of financial freedom is quite obvious. Financial freedom means different things for different people. What does financial freedom mean to you? For some it is living free from financial worry, investing today for a healthier tomorrow and getting richer during the early 30s. 

When someone is referred to as "financially free" it means an individual has significant savings or income, peace of mind and satisfaction of being able to do what he wants to do. 

Creating awareness:

Financial Freedom does not mean you need to be rich and have a lot of money. However, it simply means having enough income to cover not only routine expenses but also those that arise unexpectedly. No matter what it means to you, but it definitely helps you towards offering security, and strength by taking you closer towards lifetime dreams. However, many people do not know how to take charge of their finances as they face insufficiency of both plan and well-define goals. 

Financial Freedom does not mean you owe nothing. It hardly matters if you have creditors or not. What matters most is liquidity and solvency, which largely emphasize on your ability to pay debts in short-term and long term financial spectrum.

Some measured parameters that can lead you towards financial freedom:

• Controlling your Debt
• Have adequate insurance cover (life, health as well as other financial Assets)
• Set aside certain percentage of your income into piggy bank
• Be an early bird of your financial nest -egg
• Set an emergency fund to fulfil unexpected life events
• Re-balance portfolio that boost your retirement savings
• Think twice before buying and shop only when you truly need something
• Manageable debt, credit card bills, payments or outstanding mortgage
• Have a healthy nest egg for emergencies