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This Is The Week To Choose Financial Freedom

passover-and-easterIf there ever was a week to choose  financial freedom – this is it.  On Wednesday, Jews will celebrate Passover.  On Sunday, Christians will celebrate Easter Sunday.

In a way, both holidays are fantastic examples of bravery, sacrifice and the overwhelming value of freedom. Regardless of what your religious views are, we can all benefit by tapping into the messages of these two holidays.  Their applications are especially powerful in the personal finance world.

You might be thinking that I’ve had a bit too much Manishevitz wine (yuk….never liked the stuff).  Actually, I have never been more serious.

Both holidays tell the story of people who leave the safety of  conventionality in search of their own truth.  (They might not have been Wealth Pilgrims but they certainly were pilgrims.)  They risked everything they had to live in alignment with their values.

Lets apply their example.  Lets take action to gain freedom from whatever it is that enslaves us.

1.  What are you enslaved by?

Are you chained by debt?  Is worry your task-master?  Do you spend or invest compulsively? Do you put up with a stinky job because your fear tells you there is nothing better out there?  Are you glued to  computer screens, a slave to the stock market?

Think ahead one year from today and look back.  Finish this sentence:
“I’m grateful that I am no longer (fill in the blanks) like I was last year.”

How did you complete that sentence?  What are you most interested in becoming free of?


2. List possible solutions:

Do you need to track your spending?  Do you need to educate yourself about investments?  Do you need more training to find a new career?fireworks

3.  What resources are available and what resources do you need to acquire?

Regardless of what you want freedom from, two resources become super important:  knowledge and accountability.  You’ll need knowledge so you can make the right decisions and navigate to freedom.  You’ll need accountability so you take action and have consequences if you become a lazy Wealth Pilgrim (no such thing).  Your accountability partner might be your spouse, a good friend, a work colleague or a financial adviser.

4.  What  steps you are going to take to achieve your goal?

Write it down.  Don’t miss this opportunity.  Financial freedom is yours if you are willing to work for it.  What are you willing to do to be free this year?

Like this article? You will love getting my free brilliant financial updates! No spam, and I won't give your email address to any other person or company.That's a personal promise. Neal Frankle, Certified Financial Planner, Los Angeles, California

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  1. 3 Comment(s)

  2. By Baker @ ManVsDebt on Apr 7, 2009 | Reply

    Great post tying in the holidays with personal finance.

    I personally feel enslaved by my debt. I can’t wait til I am free of it’s burden! I definitely need to spruce up my exact time line of mini-goals though.

    [Reply]

  3. By Neal on Apr 7, 2009 | Reply

    Baker,

    You’re going to make it. Why? Because you have the courage to admit what the issue is and the strength to focus your energy on it. Bravo! You are a true Wealth Pilgrim!

    Neal

    [Reply]

  4. By Ken on Apr 7, 2009 | Reply

    I will work an extra job this summer. I will also pay off a credit card with my $8000 first time homebuyer credit.

    [Reply]

    Neal Reply:

    Ken,

    Fantastic! I really appreciate your “Declaration of Independence!”

    [Reply]

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