My Three Phases to Financial Freedom

The path to financial freedom can be a long journey for most.

If you have been on this journey for some time now, you will probably know that this is a road less travelled. There will be times where you will have to encounter obstacles, road blocks and set backs.

At the end of all of this, those who choose to persevere through will be those who will reach financial freedom. In fact, I believe that commitment and determination is the single most important skillset to financial success.

Wanting to be financially free

To become financially free, you must first want it.

The thing is, if you ask anyone whether they want to be rich, the answer would most likely be yes. Who doesn’t right? Unfortunately, a lot of these people are not taking the initiative to make it happen. They are too content and happy with their life as is.

A Phase for each obstacle

For me, I got started in finance because I wanted to grow as a person. My root is in personal development and this has helped me realize that I will need to shift between these 3 phases constantly throughout my journey.

The phase that I am in will depend on the season, my mood and the obstacle that I am presented with.

1. The Good Fight

There will be times where I will need to fight for what I believe in and trust that I am making the best decisions for myself. I experience negative opinions on a regular basis from family, friends and colleagues in regards to my dream of retiring early.

All of this negativity certainly does not help morale but distancing myself from the people closest to me may not always be the best move. Standing my ground and not giving up when at my lowest point helps me move forward in my journey.

three phases

2. Grinding it out

The next phase is the grinding phase. This is probably the phase where I spend most of my time in.

I am grinding it out when I am stuck in a routine. Although moving in the right decision, progress can be slow and drawn out. This may include just going to work and doing things that I am comfortable with.

To get out of this phase, I would first need to reorient by figuring out what my next step is and to take immediate action towards that. The immediate action is key because without it, I would only find more excuses to procrastinate.

3. Hustling Hard

Taking well calculated actions is the third phase that I cycle through. This is when I have found a flow and try to make big things happen. It is when my path is clear to me and when momentum starts to build up. Everything just seems to fall in place. Progress is fast but it is only a matter of time before I burn out and end up in phase 1 again.

Anyhow, I just wanted to share my thoughts on how I keep motivated in my personal finances and the phases that I go through. Do you relate to any of this? What keeps you motivated?

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2 Responses to “My Three Phases to Financial Freedom”
  1. FinanciaLibre September 7, 2016
    • Jeff September 12, 2016

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