Cutting coupons isn’t the fastest way to achieve financial freedom. Sure, budgeting and saving is helpful to speed up the path to financial freedom. But only to a certain extent. Here’s why I don’t cut coupons to save money.
Assess your money history to identify blocks.
Growing up, my parents fought about money all the time. We lived paycheck to paycheck...barely.
Overtime, I saw money as a scarce resource. I also saw it as evil and a source of power to control relationships.
It took me a while to shift out of a scarcity into an abundance mindset. In fact, it’s still an ongoing practice to bust through limiting beliefs around money.
Constantly worried about money? If so, you may be programming your brain to operate on a scarcity mindset.
When the mind focuses on lack, you push yourself further away from financial abundance. Developing an abundance mindset can be a lifelong learning process even if it just takes a few steps.
We all have made money mistakes. Even Warren Buffett made money mistakes and yes, big ones.
Self-forgiveness is the foundation for learning from money mistakes. When we learn from our money mistakes, we are better able to bust through stubborn blocks holding us back from giving and receiving wealth.
Budgeting and using coupons can be a good means to an end. But when you become obsessive about pinching pennies, it blocks your ability to manifest wealth.
Your time and energy is poured into figuring out different ways to save. Rather than create space for opportunities to make more money, you end up doing just the opposite.
Use your time + energy more wisely.
Money is energy. And energy flows where the mind goes.
Making extra money does not have to be hard. It doesn’t have to be boring either! Get creative with different ways to generate multiple income streams.
When it comes to increasing your financial abundance, it boils down to creating positive energy flow.
Positive energy flow can be in the form of financial gains, health, meaningful relationships, hidden opportunities, priceless experiences, and so forth.
To shift from a scarcity mindset to an abundance mindset, start with gratitude. Focus on what you have going for you.
There’s always something to be grateful for even if it may not feel like you are surrounded by abundance. Remember, energy (money) flows, where the mind goes!
Increase money flow.
When we contribute positive energy to our community, this clears blocks in our energetic field. By giving, we create that space for energy (money) to flow in.
For some, it may seem a bit ironic to give especially when it’s hard enough making ends meet. But giving does not mean making a financial contribution.
If donating money to a charity is not for you, that’s perfectly ok.
There are so many other ways to give. This includes donating your time, service and so forth. Even helping a neighbor who needs a ride to work while his or her car is in the shop is contributing positive energetic flow to society.
When we give money, time, or simply contribute positive energy to society, this allows energy to flow more freely. Basically, what you energetically give OUT creates space for energy to flow IN.
At the end of the day, money is emotional for many people.
It’s not easy to stay on track with our financial goals when we allow our emotions to get the best of us. Sometimes, unexpected emergencies happen too.
Financial Independence Retire Early (FIRE)
The FIRE movement is a lifestyle system. The goal is financial independence and “retiring early”. Though many aren’t about actually retiring or never working another day in their life.
The point is to be financially free to have more options in life.
Options can include taking more calculated risks. For instance, taking time off from work to pursue a new business venture.
It takes more than just cutting coupons to reach FIRE. Heck, it takes more than just a six-figure salary too!
The journey to FIRE requires you to have your hard earned money working for you.
Your money should be earning more money for you...not just withering away in a savings account (losing value to depreciation)!
Reach FIRE faster: Invest to take advantage of compounding interest.
Not sure where to start with investing? I hear ya. Determining your asset allocation and constructing your portfolio can be overwhelming.
The registered advisors at Personal Capital provide a range of financial planning support. This even includes home financing, retirement planning, and stock options.
We all may have similar goals for financial freedom but everyone’s financial situation is different.
For a significantly less cost than traditional financial advisors, you can receive a customized strategy just for your specific situation here!
Reaching FIRE doesn’t happen overnight.
It’s time to take some simple but powerful action. Being consistent with discipline is what it takes. Simple but not necessarily easy. So…
Surround yourself with the right people.
This may mean having to cut ties with those who just never seem to bring out the best in you. This may also mean to work with financial professionals who can help you reach FIRE.
Enjoy activities that are in alignment with how you want to feel when you achieve your money goal.
The key to manifest what you want is to be on the vibrational frequency of having already achieved it. Our emotions help to energetically speed up our manifestation.
So ask yourself how you want to feel when you achieve your goal. Continue taking small and consistent steps to raise your vibrations to align your frequency accordingly.
When we raise our vibrational frequency closer in alignment with what we are trying to achieve, we are better able to attract who and what we need for our highest good.
It’s OK to not be financially on track all day every day.
We all fall in and out of alignment throughout life. It doesn’t mean you have to go on an “Eat, Pray, Love” journey. Remember, the journey to achieving any form of wealthness is more fulfilling than having achieved it.
After all, FIRE is about the journey, not the destination!
Achieving FIRE doesn’t have to be hard. It doesn’t mean living on rice and beans for the rest of your life. Have fun with trying different side hustles and get creative!
Enjoy the journey of building your wealth. Be open to trying different activities to create multiple income streams!
Financial independence retire early (FIRE) like a boss!
Get FIRE’d up about financial freedom!
There are a endless ways to create side hustle income and reach FIRE. Investing in stocks, owning rental property, creating your own online biz, and so forth.
But it doesn’t mean you need to do it all. Just pick 1 or 2 that gets you excited.
Everyone's financial situation and personal interests is unique. It’s important to try out different side hustles to see what works best for you.
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