You know you have financial freedom when …

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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  1. Moneymonk on July 31, 2007 at 8:38 am

    ….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.

  2. jsangl on July 31, 2007 at 9:12 am

    Sangl Says …

    I LOVE paid-for vacation!

  3. Jon Smock on July 31, 2007 at 10:15 am

    …you can tell your wife, “No, you don’t have take that job. Stay at home with the kids.”

  4. Joseph Sangl on July 31, 2007 at 11:24 am

    Sangl Says …

    Jon – That is an awesome one!

  5. Julie on July 31, 2007 at 4:48 pm

    You look at your neighbors brand new car and instead of being jealous you think “I’m glad I don’t have THAT payment!”

  6. Lori Schmucker on August 1, 2007 at 8:16 am

    …your property taxes come due and they went up significantly and you have the cash on hand to pay for it.

  7. ispf on August 1, 2007 at 8:40 pm

    … when a friend has an emergency and you can step up to provide financially without putting your own family’s finances at risk.

  8. renee on August 4, 2007 at 6:41 pm

    when you read this blog and realize, “This IS my life!!!” Thank you God, Dave Ramsey & Joe Sangl!

  9. josh on August 5, 2007 at 6:55 pm

    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!

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