Financial Freedom means being free from fear and worry about financial problems. In terms of meaning and implementation, it means the obligation of an orderly financial system if one wants to have a healthy financial system in order to achieve freedom from financial problems.
In terms of achieving financial freedom, there is a foundation that must be prepared. In this case plan the steps that will be taken to achieve financial freedom. It's not easy and need's take a long time in fact. Because there are several plans that must be taken, such as, managing income streams, managing expenditure channels, managing investment problems, and preparing emergency funds.
In accordance with the development of the era, it can be said that at this time the issue of availability of financial problems has been created and offered. Its availability is getting easier and the various features offered can be said to spoil its users.
Things that are usually offered such as to separate basic needs and non-basic needs are different. Then the placement of investment problems and also the placement of unexpected cost arrangements.
An example as a small step in learning to manage financial matters is the presence of various regulatory applications in the financial system. Both the financial system of banks and the financial system of the cryptocurrency world.
In terms of the traditional financial system or banks, there are now various banking applications that have collaborated with various fintech parties. Meanwhile, in the systematic world of cryptocurrencies, there are various kinds of applications that provide financial system management in cryptocurrencies.
Basically, the current convenience is obtained because of technological advances that are increasingly established in the future. So that people who want to achieve the word financial freedom must at least understand the problem of technology, at least its use. On the other hand, learning the basics of the economic system and the language of economics is also highly recommended in order to understand at least the word achievement of financial problems. So, if you want to plan your finances now, you need to pay attention to the application and usage. Variety of offerings, benefits, convenience, and the main thing is the issue of security. Because of the various features that exist to manage expenses so that later they can achieve the desired financial goals, including achieving financial freedom.
The main problems that can prevent financial freedom from being achieved are usually found in conditions that are more often found in today's times. It can be said that technology brings new things that are better but also brings bad effects in terms of vigilance. Most of them are not aware of the condition of large expenditures rather than income. Greater desire than evidence of achievement. There are also conditions that are trapped in the safe zone conditions.
Established conditions or living in affluence can be interpreted from different perspectives. However, looking at the condition of basic abilities and effort is often forgotten.
In the phase towards financial freedom, it is important to note that we have passed five phases such as the dependency phase, the solvency phase (when someone already has an income), the stable phase, the phase free from debt problems, and the last phase is safe.
After these five phases can be passed, it can be said that you have entered the phase of financial freedom.
Life goals are many and varied, but in reality, only some can achieve them because they can determine priorities.
Financial independence is indeed not easy to achieve, but it is not impossible that we can achieve it. Youth is the most precious time for a person. If someone is able to be disciplined in planning finances at a young age, it is likely that in old age they will be able to more easily achieve the word financial independence.