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Start Where You Are: 7 Steps To Starting Your Financial Journey

Starting to do anything is different for everyone. There are those that are excited to start and those that find it a little challenging. Mostly because it is quite hard to leave a way of life that they were used to. Or they feel like it is too late for them to change like they are too far gone. Sometimes it may be that there is so much to do, so much to change that they have no idea just what to do first.

The information we discuss today is about starting on your financial journey to financial freedom. Some people want to be financially free but they seem to be stuck, paralysed maybe by past mistakes or hopelessness and helplessness. We shall discuss how to get you unstuck and get you moving to a better, healthier financial health.

1. Take Care Of Yourself

Be kind to yourself, and remember that you did not have the information that you now have back then. You are a new you dedicated to making good of your financial situation. Do not blame yourself for past mistakes but rather take yourself into account for the things that you do from here on out.

Our biggest critics are usually ourselves, we beat ourselves down so badly that sometimes we do not have the strength to get back up afterwards. Only when you are in a good space mentally will you be able to achieve the things you have planned for yourself. Eat well, meditate, anything you need to be in a good state mentally. Such that you will be strong enough to overcome the hurdles that come your way as you get on the road to financial freedom.

2. Assess Your Situation

The very definition of starting where you are you have to actually know where you are. Assess your finances, list all your debts and all your savings, all your investments, basically everything that you have pertaining to money. Subtract all the debts from the income-bringing avenues and get to know where you are financially.

Once you have these written down you can have a direction of where you are and where you want to go from here on out. Trust me writing it all down gives you a real picture of your situation. It could be worse than you thought, it could be a little less bad than you thought. But it makes you know exactly where you are and armed with this information, you are able to make wiser decisions in the direction that you want to go.

Read Also: Monthly Budget

3. Set Your Financial Goals

Here is when you let your imagination run wild. List down all the things that you want for yourself in this life. You were meant to live it not just to exist. Do you want to travel, do you want that big house? Do you want your own business or make the investments that will help you retire early? The limitation is not to be adopted here, as you are basically aligning goals that you should chase for a better part of your years after this.

Make sure that the goals you set are things that drive you, and motivate you to achieve them. Goals that you are so passionate about that nothing can stand in your way. They make you lay awake at night wondering how you are meant to achieve them. Goals that kind of scare you a little bit because of how huge they are and you are wondering if you can fill the shoes to make them come true. These are the kind of goals you should list.

Read Also: 7 Categories Of Your Personal Finance

4. Restructure Your Habits

This is where the rubber meets the road, ever heard of the phrase that your habits maketh you? That statement is truer than most believe it to be. No one wins something overnight, the stories you hear of overnight successes took several years of hard work to make it so. It is the little successes every day that make overall success possible.

These little successes are built on consistency of habit. So if you want to achieve the goals that you have set for yourself, the number one thing you need to change is your habits. It is not simple, nothing worth it ever is. But remember that the comfort zone is where dreams go to die. So if you want to achieve your goals, you have to get out of your comfort zone and start working.

5. Do Not Compare Yourself To Others

We are all different people fighting different battles every day, having different advantages and disadvantages. You can never and must never compare yourself to anyone. Always strive to be better than the you that you were yesterday. If you fell off the wagon yesterday, today make sure that you stay on it. If you didn’t work out yesterday, today make sure that you do. It all ties in with your daily habits, make sure you are improving yourself daily.

Plus comparing yourself to others is a sure way of giving up on your dream, why? There will always be someone better than you at something, even the very thing that you are trying to be very good at. If you love your dream, keep working at it. Keep doing you every day and slowly but surely you will get where you need to be.

6. Seek Support

Sometimes no matter how much we want to believe that we are strong, we may be overwhelmed. If you get to this stage, do not let your dream die out just because you are tired. Seek support from your friends and loved ones, and get a mentor if you need to. Just remember that no man is an island, and we can go far together.

The road to financial freedom is hard and plagued with hurdles, if you are surrounded by people dedicated to helping you, you will get through to the other side, but if not you will crumble. You do not need a big support system, just a loyal one that will hold you down to the end. And you need to be their support system if they need you to be.

7. Audit Yourself, Your Habits & Do More Of What Works

Once you start getting the rhythm of what you need to do to make sure that you achieve your goals. You need to sit down and assess yourself, assess yourself to the you that you used to be, see how far you have come, and congratulate yourself. Look at what you were able to do and do more of that. Self-improvement is a never-ending journey, it is essential for you to be able to achieve your goals.

Your goals may seem too big today because you haven’t evolved into the person required to achieve them. Continuous self-improvement will slowly transform you into the person that is required to achieve those goals. And once you get there, as the new you, you will have bigger dreams that will need an even better you to achieve them. And the cycle continues, it never ends because we never stop dreaming.

The goal is to start because even if you do not nothing will really change. Start gradually, changing one small thing daily. Change your daily habits, make sure you save and invest and take care of your monthly expenses before you think of starting to spend the money. Always assess yourself, are you working towards changing your finances, is it working? What else do you need to do to make sure you are well on your way to financial freedom? No age is too late to start your journey to financial freedom, as long as you have air in your lungs you can do it.

If you think this article was beneficial to you, please let me know in the comments. I would also like to hear about any obstacles you face with getting your finances in order.

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