9 Steps on Your Journey to Financial Freedom
Step 1: Decide to Change
It’s time to stop overthinking, ditch the fears, doubts and excuses, and focus on action. Change begins on the inside and you need to define exactly how you want your life to look like some time from now.
Step 2: Set Life Goals and Define Financial Freedom
You need a direction. Something I did back in the days was to first decide what I don’t want my life to look like. I then realized my definition of financial freedom included:
- doing what you love (which, to me, is writing about personal development and business and helping others with that)
- location independence (the ability to live anywhere in the world)
- being your own boss and reclaiming your time (online business is the way to achieve that)
- and living in your ideal destination (which I relocated to once I started making enough from my blogging business).
Step 3: Find Your Passion and Turn It Into Your Career
Examine the things that come naturally to you, which make you lose track of time and which you’ve always had a passion for. From that, you should be able to see the potential in 1 activity, field or hobby. That’s your passion and it’s your mission to pursue it.
Once defined, you should make it a permanent part of your life and even your career. The best way is to start a side hustle.
Step 4: Start a Side Hustle
The path to financial freedom requires doing something on the side while at your regular job. That’s called a side hustle and here I’ve included 67 such ideas that you can try and make an extra $1000 every month.
Step 5: Manage Your Time and Money Better
Time management and money management are closely related and you need to get better at both. Value your time and spend it on things that matter and bring you results. Organize your day better and become more productive. Pay off debt and track your finances. Spend less, earn more, make money from your hobby online, and save the extra cash.
Step 6: Start a Blog
Starting this blog was one of the best decisions I’ve ever taken and it’s the reason why I’m living a life of freedom and independence now. I’ve turned my passion for writing into a 5-figure blogging business and I love every part of it. I suggest you do the same.
Launching a blog today can lead to growing and monetizing it a few months from now and replacing the income from your current job after some time. Here’s my free step-by-step guide on starting a profitable blog so you too can work from home and be your own boss.
Step 7: Make Money Blogging
I didn’t monetize Let’s Reach Success for a long time in the beginning and that was one of the mistakes I made. Once I took my blog seriously, started providing more value to people and turned it into a real online business, I also grew my income and became a full-time blogger. Check out my free guide on how to make money blogging.
Step 8: Diversify Your Income
To achieve financial freedom, you need to make money online in different ways and also have passive income streams. I now earn from ad revenue, sponsored blog posts, affiliate marketing and selling my products. Make sure you don’t put all your eggs in one basket. This provides security and the chance to earn even more.
Step 9: Live Your Best Life
Making money from your side hustle and being a full-time blogger isn’t your final destination. That’s where you are free to live anywhere in the world and work remotely, to travel the world thanks to your blog income and help millions of people online with your blog content and products.
Make sure you find your dream destination, like me, and move there. You’ll then be a lifestyle designer and will inspire those around you to do the same.
The path to financial freedom starts with the decision to do something about it today. It’s your turn.