Financial freedom is closer than you think. Experience has taught us that clients can accelerate their financial progress much faster than conventional wisdom allows. We have created innovative strategies for building net worth through a combination of leveraged investment and sophisticated tax management. While solutions for getting your finances in order are likely to be unique to your current personal financial situation, and it is best to discuss your options and plan of action with an advisor, let’s look at some reasons that you may want to pursue financial freedom in the first place.
It’s safe to assume that the majority of people have experienced some sort of financial hardship at some point in their lives. Every individual’s experience with this is unique, and each financial hardship may look different, however, the mental and physical stress is the same. Having to be conscious of every penny you can save, and having to make tough decisions between meals and bills, can be extremely mentally exhausting. It can take a toll on your emotional wellbeing, can cause anxiety and depression and even paranoia, and can cause you to be less satisfied with your quality of life.
In addition to these mental stresses, physical ailments can occur. In many people, emotional trauma can present itself as aches, pains, exhaustion, and more. Not only that, if you are constantly trying to save money, you may be purchasing and consuming cheaper and less healthy food options, which can result in health issues. When you don’t have your finances in order, and a health problem comes up, you may be unable to seek the medical attention you need. Overall, financial stress can greatly affect your wellbeing.
One of the most common complaints in marriage is financial strife. Issues within finances can lead to issues within the marriage, as couples may have differing opinions on priorities for where money should be spent, how much should be saved, and more. More often than not, one partner is more financially healthy, with better spending habits, than the other, and this discord can grow into bigger problems.
When you are financially stable, it can positively affect your ability to make more money in the long run. With properly managed finances, when you are looking for alternate employment, you have the ability to hold out for your best paying opportunity. Well-managed finances also appear responsible to potential employers.
One of the most important reasons to pursue financial stability is to better prepare yourself for retirement later in life. If you put yourself in a position to be well taken care of when you are finished working, you can potentially retire early and enjoy your golden years with no worries.
As you can see, there are many reasons to do the work to make yourself financially free. If you are ready to take the next steps in your financial journey, contact our team today.