ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Beginning your Personal Journey to Financial Freedom

Updated on March 14, 2014

New Years Resolutions

For most people, the new year brings many New Years Resolutions of goals to accomplish and habits to create or eliminate. Many resolutions center around two main topics - fitness and finance. While I am no expert in fitness, I do feel that I have learned many lessons in finance that may be helpful to others. Nothing I have learned is particularly new, but it has been gained out of my own personal experiences as I have worked to eliminate debt and become more financially secure. This journey is not complete, but I have made progress and hope to share tips and suggestions on how to best manage personal finances and finding financial freedom.

In order to begin your own personal journey to financial freedom, you must first get an accurate picture of where you are at financially. This includes adding up all of your assets as well as debts and determining your net worth. At this first stage, for most people it is probably more important to understand your debt in order to create a plan to eliminate that debt. For many people, this may be the first time they have actually seen how much they owe, and the results might be shocking! Other people might be surprised at how well they have done in managing money and not have to worry as much about eliminating excess debt.

Setting goals

After creating an accurate picture of your current financial status, it’s time to set some goals. These should be both long term and short term goals designed to help you accumulate wealth and find financial freedom. It is also a time to look at ways to increase your income, whether that is through additional education, job promotions, online sites (HubPages!), as well as reducing expenses if you are currently living outside your means.  Everyone is in their own unique situation, so you need to decide what will work best for you.

Remember that money is a tool, and it is either working for you or against you. Make the most of the new year and begin your own personal journey to financial freedom!

 

Comments

    0 of 8192 characters used
    Post Comment

    • john000 profile image

      John R Wilsdon 

      6 years ago from Superior, Arizona

      I find it amazing that people in financial trouble so often have no idea of how much debt they have. It's as if the treadmill they have been on has been so burdensome that they can't get to the big picture. I include some folks I know personally in that category. You have a nice series of hubs on the subject of finance. Good hub.

    • htodd profile image

      htodd 

      7 years ago from United States

      Thanks,Great post

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)