The meaning behind the words financial independence is different for every individual. For instance, while some individuals see financial independence as the means of being able to finally purchase a home to support themselves well into retirement, others may see financial independence as the means of transferring their wealth to their heirs in the future. In broad terms, financial independence refers to someone securing sufficient assets that will allow them to support their lifestyle now and later down the road.
When my card was declined at the grocery store a few months ago, I realized my financial situation had hit rock bottom. Instead of ignoring the problem, I decided to meet with a financial counselor to see what I could do to make things better. I talked with him about how to handle unplanned expenses and how to budget for my day-to-day life. It was incredible to learn more about money, and now I can proudly say I am living within my means. I decided to make this blog for anyone that struggles with financial planning so that you can turn things around.