Seeing the difficult financial times we live in, messages of financial freedom should be spread around to anyone and everyone, no matter their age. Quotes have the power to influence, educate and inspire action and success, especially when it comes to finance. Having the right mentality is half of the success in managing money and seeking financial freedom.
Below, we have gathered 20 of the most influential quotes about money and financial freedom, related to personal finance.
“It’s not about how much money you make; it’s about how much money you keep, how hard it works for you and how many generations you keep it for.” – Robert Kiyosaki
“Money is similar to theoften-mentioned oxygen: you don’t usually think about it, but can’t exist without it.” – Robert Kiyosaki
“If you don’t find a way to make money while you sleep, you’ll work until you die.” – Warren Buffet
“Financial freedom begins with commitment; discipline and determination to learn, understand, and grow money for the long term.” – Portia Nike Bourne
“Achieving financial freedom comes from making good decisions and living within your means. You don’t need to be an investment pro, but you do need to make sound financial choices.” – Ericka McFarland
“Starting to save early can be one of the most influential factors in creating a financially secure future. Every little bit of money saved today is going to multiply in the future.” – Cameron Huddleston
“The best investment you can make is in yourself.” – Warren Buffet
“ Rich people invest their money, poor people spend their money.” – Robert Kiyosaki
“The joy of financial freedom lies in living life without worry or fear.”– John D. Rockefeller
“Your biggest enemy when it comes to attaining financial freedom comes in the form of lifestyle creep – spending more as your income increases.”– Ileea Lechev
“Long-term financial freedom involves save, investing, diversifying and living a frugal life.” – Harris Glasser
“Build wealth with your job, build financial freedom with your business.” – Ray Higdon
“Financial freedom is achieved when you know that everything you want is possible and everything you don’t want is avoidable.” – Grant Cardone
“When your financial freedom is not connected to needing to do anything, that’s when it hits you.” — Sole.
“Financial freedom is not the amount of money you have but your relationship to the money.” – Grant Cardone
“It’s not the amount of money you have but the control of that money that gives you financial freedom.” – Alexandra L. Ferguson
“Financial freedom is the ability to fulfill your dreams and your passions, as well as achieve your goals.” – Mitch Stephen
“Start making better and smarter ‘now’ decisions today to accelerate the attainment of financial freedom in the future.”- Sonya Stattmann
“Financial freedom is all about having the financial power to make your own decisions, without having to depend on a job or a salary.” – Robert Kiyosaki
“Financial freedom is to have financial power, by having it, you can make all of your dreams come true.”- Grant Cardone
Importance of Financial Literacy
Financial literacy is mainly the ability to understand, manage and implement best financial practices. Financial literacy helps people to successfully plan their current and future spending, set and achieve financial goals, be responsible and knowledgeable when making financial decisions and develop healthy money habits.
Having the knowledge and proper education about personal financials also helps people to reduce the risk of financial fraud, save as much money as possible, properly protect their finances and prepare for the future.
The lack of basic financial knowledge often leads to poor financial decisions, makes it hard to understand and take advantage of financial opportunities, and the risk of being deceived by people more acquainted with money-related topics is very high.
Tips to Help Achieve Financial Freedom
Achieving financial freedom is a difficult goal and takes time and dedication but it is worth it. With patience and following a few tips, anyone can be their own master. Here is a list of the most important tips:
- Track Your Expenses & Develop a Budget
Begin by tracking your expenses, both essential and unnecessary, and try to figure out where every penny is going. Once you have a clear vision of your spending habits, you can develop a budget that works for you.
- Live Below Your Means
Spend less than your income and increase the difference.
- Make Prudent Investment Decisions
Educate yourself about the best places to invest your money, focus on those that bring you the best returns with the least risk.
- Live Debt-Free
Working towards a debt-free life is key to achieving financial freedom.
- Protect Your Finances
Taking out life, medical and property insurance would give you one less thing to worry about. Make sure you are also protected from online financial frauds.
- Build an Emergency Fund
In case of an emergency, having some extra money coming from different sources (eg. Savings, investments, property portfolio, side jobs) is key to peace of mind and to prevent the fallout of financial crisis.
- Pay Yourself First
In order to attain financial freedom, put something away each month.
- Plan Long-Term Financial Security
Start saving and investing for retirement, even if it is only a small amount each month.
- Work towards Multiple Sources of Income
Having multiple income sources is a great way to turn your hard work into financial freedom.
- Automate Your Saving
The most successful money savers are those who precommit to saving and automate that process. Setting up automatic savings contributions helps with consistency and allows you to prepare for the rainy days.
As cheesy as it may sound, financial freedom largely depends on mental strength. Practicing money management tools, like creating budgets and consistently tracking your expenses, will help you reach your financial goals and live a life of freedom. The power of small steps towards financial freedom is in the consistency. Understand the importance of it and you will be on your way to financial freedom in no time.
At the end of the day, we are all exposed to financial troubles, but with a positive attitude and effort, one can come out alive and put those troubles behind. These money quotes about financial freedom should motivate you to start planning for it today and improving your personal finances right away.