ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

The beginning of financial freedom

Updated on June 19, 2013
Source

it begins with you

Money; it is a popular topic, one that many people talk about and one that many people have many ideas about.

It is common knowledge that we live in an era of financial hardship, and that there is a very distinct line that separates the haves from the have nots, and then there are the very few that live somewhere in the middle.

Those of us who live in North America built a certain lifestyle over the past several decades, we got used to living comfortably on credit. We built our lives on borrowing, never giving a second thought to the future. Most of us never thought that things would take a turn for the worse...but they have. Now we are stuck with debt, bills and the cost of living increasing while our income stays the same or decreases.

One of the big problems is that we are continually bombarded by the media of products they want us to buy.

Big business and huge corporations don't care about you, they only care about your money. To be quite honest, I was quite shocked as to how many iphone 5's were sold within the first weekend of its release.
When we live in a time of financial hardships, I have to ask, “How can people or why do people spend their money foolishly?”

The same goes for buying other electronics, gadgets, vehicles etc. If what you have works, then why replace it with a new thing? If you really do not need it, then why buy it?

Why do people not just take the money that they would spend on the item that they do not need and instead put it on their credit card to pay it down, or on other bills, or just put it into savings? Would this not make more sense?

If you want to get through this financially difficult time, then you need to get your spending under control. Learn to say “NO” to yourself.

One of the biggest, most terrible things is the credit card, this piece of plastic is like a chain that holds you in bondage, it enslaves you.
Stop using the credit cards and pay them off, even if it takes several years, it is the beginning of freedom. The more money you put on it, the lower your interest becomes and the faster you can pay it off. Why put money into the pockets of the bank ceo's instead of your own? It is YOUR money, don't give it to them, they have more than you do already. The other things you can do is to stop buying what you don't need, cut back on cable channels, or satellite channels. Also, walk instead of using fuel to drive your vehicle--when you can walk. (or car-pool)

Buying tickets for concerts, movies, sports games etc are not a necessity, they are expensive and not worth the money wasted to go. You know that many actors, musicians, sports players have millions in the bank, why give them more?

Eating out at restaurants instead of cooking your meals at home is also a waste of money. It is definitely more cost effective to always cook your own meals, and to make a lunch and take it with you instead buying from a restaurant or cafeteria.

Turning down heat and air conditioning when you are not home is important as is turning off lights and electronics when not in use or needed. This will save you a lot of money as well.
People need to learn self discipline and then stick with it. Do not be swayed by fancy ads or commercials.

Make a list of things you need to do to accomplish your financial freedom, post it in a place where you will see it regularly, then read it, memorize it and push through. You will see a difference in your life and finances.

last thing, politicians will tell you to keep spending, "It stimulates the economy", they say. But what they don't tell you is that it also hurts you and lines the pockets of the wealthiest 1%. There is a problem when even during recessions, the banks and large corporations, oil and gas companies, pharmaceuticals etc make billions of dollars a year and the CEO's give themselves huge bonuses on-top of their already large paycheques...the whole while you suffer.

Comments

    0 of 8192 characters used
    Post Comment

    • CraftytotheCore profile image

      CraftytotheCore 

      5 years ago

      Hi Thomas! This is great advice. I used to work in a corporate job and didn't need to think about money or what I spent it on. And now, there isn't a penny I don't pinch! LOL

    • thomasczech profile imageAUTHOR

      thomasczech 

      5 years ago from Canada

      Thanks for your kind words. I was in a relationship where we had opposite ideas about finances also. I wanted to save for the future, my ex did not agree. It certainly is diffivult.

    • Mary Merriment profile image

      Mary Merriment 

      5 years ago from Boise area, Idaho

      I love this. It sounds like the speeches I keep giving to others... including my spouse. It's difficult being in a financial situation where we have completely opposite ideas for running it. Good article with sound advice. Voted up.

    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)