You know you have financial freedom when ...
- You forget when payday is.
- The car engine blows up, and you just go pay cash for another one.
- You are not afraid to tell your manager that he/she is wrong and that there is a better way. (I have seen many people who are afraid to tell their manager this for fear of retribution or loss of their job. That's too bad ... I believe that most managers would love to have their employees tell them when they are wrong!)
- You lose your income and your savings allows you to live for months without incurring any debt.
- You lose the fear of negotiating a better deal. (Seriously, if it costs more than $100, it is worth negotiating - including with services like doctors, dentists, chiropractors, massage therapists, house cleaning, cable, etc.
- Bill paying time takes a total of 30 minutes a month.
- You can go take the job you were put on earth to do ... regardless of the income potential!
- You have enough.
What are some others?
Finish the sentence ... "You know you have financial freedom when ..."
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….when you can go on a vacation without it following you to the mailbox. (i.e. credit card bill)
Cash as (Dave Ramsey said), it give you options and margins. You know have wiggle room. A problem is really just an inconvience.
When you do not have cash, a little problem can be a major issue.
Sangl Says …
I LOVE paid-for vacation!
…you can tell your wife, “No, you don’t have take that job. Stay at home with the kids.”
Sangl Says …
Jon – That is an awesome one!
You look at your neighbors brand new car and instead of being jealous you think “I’m glad I don’t have THAT payment!”
…your property taxes come due and they went up significantly and you have the cash on hand to pay for it.
… when a friend has an emergency and you can step up to provide financially without putting your own family’s finances at risk.
when you read this blog and realize, “This IS my life!!!” Thank you God, Dave Ramsey & Joe Sangl!
When your wife comes up to you and says “I want to go back and get my masters” and you can say sure and know you can write a check for the tuition!