Focus On Financial Freedom Part #1- Starting The Process

This week begins our look at how to focus on financial freedom and over the next number of weeks you’ll get access to a precise methodology to help you achieve your financial goals.

We’ve included a Focus On Financial Freedom worksheet which may help with this exercise – Download it here.

How To Focus On Financial Freedom

The starting point is defining what financial freedom looks like for you. This seems like a very simple and straightforward question but can you answer it accurately?

What do you want your life to look like in six months, in one year, in five years, in ten years and most importantly Why?

So why do you want to be earning €x per annum, owing x properties, driving certain cars? There is no right or wrong answer here-it’s specific to each individual.

The why though is very important and it should be driven by what’s central to you and your life and not based on what you think you want because of society’s expectations.

Your Financial Freedom may have some, but ideally, all of the following elements;

  1. Physical aspects i.e. optimal health and energy.
  2. Emotional aspects i.e. high levels of happiness and joy.
  3. Family, friends & Relationships i.e. how you and those whom you care about most treat each other.
  4. Time i.e. more time to do more of things that really matter to you. Time is one resource we are all given equally whether a prince or a pauper.
  5. Business i.e. do you want your days to spent working, building a career or helping achieve a worthwhile mission. When you’re truly living your mission and helping to make a difference it makes life more meaningful. Chose doing something meaningful and you will never have to work a day in your life.
  6. Financial i.e. levels of money you need to be Financially Free.
  7. Social Contribution & Celebration i.e. giving back by adding value to other people’s lives and celebrating your successes.

Want to achieve Financial Freedom? Join our community of business owners and learn how to reach your financial goals

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Joe Cunnane Practice Owner TRA Professional Services       Qualifications:  FCA Chartered Accountant & AITI Chartered Tax Advisor Joe has over 20 years experience working in both private practice and industry ... Read More »