There are few things in life more enjoyable than financial independence. Achieving financial freedom is the dream of many people, but it can be a subjective concept for many. In general, financial independence is related to having enough investment, savings, and money to live a comfortable life. We all want to live our life without economic restrictions, but if you really want to know how to achieve financial independence to retire early, then the first thing you must understand is that it is not easy at all.
But, as they say, easy comes, easy goes. Nothing easy is really worth it at the end of the day. It’s easier to fail than to succeed in your way to financial independence, but being smart enough will give you the tools to create the path that you truly deserve.
Therefore, the knowledge of how to achieve financial freedom will come only if you understand what financial independence is in your particular case.
Remember that almost all of us experience situations in life that take us away from our desired freedom. With that being said, today we will present you with ten steps that can guide you through the journey of being financially independent once and for all.

1 - Never forget the budget
Although making a budget might feel like something that limits you, it is extremely important when you are recently starting your goals. If you can pay all your bills at the end of the month, then dedicate the remaining money to savings.
We know there’s a lot of temptation regarding spending all the money you have, but having self-control will be vital if you really want to be financially independent.
2 - Create your own set of goals
As we said before, the financial freedom concept might seem subjective for some people. So, what’s really financial independence for you? Not having to work anymore? Being able to spend 6 days of the week with your family? Traveling every single month to a different location?
3 - Pay off all your debt!
Yes, credit cards and other forms of loans are useful, but they might also drag you down if you don’t pay enough attention. In order to be financially free, you first must release yourself from the chains of debt.
Keep this always in mind before making a decision.
4 - Track all of your expenses
If you know where your money is going, then you’ll understand how to manage it better.
When you measure something, it is easier to improve it. You can use a special spreadsheet to help you know your exact budget. This knowledge is vital if you want to improve your lifestyle forever.
5 - Save, save and save money
The minimum amount of money that you should save every month is, at least, 20% of your monthly income.
We understand that this might be hard, so don’t mind lowering it down to 10%. The point is that you need to start! It is crucial to be prepared for any major expense that can happen in your life.
6 - Learn about how to invest your money
It is normal not to be familiar with certain investing concepts, but there’s always a way to achieve your goals.
We recommend investing portions of your savings. That way, you can still have your normal lifestyle while you are creating a passive income source. You could learn by yourself or hire an advisor.
7 - Start your retirement planning
It’s never too early to start planning your retirement. If you are in your 20s, this might seem a little exaggerated for you.
The truth is we never know what is about to happen in your life. If you depend on a classic job and a financial emergency comes out, then your savings can be in danger. Running retirement calculations is essential to create a good plan that works for you.
8 - Avoid unnecessary expenses
Reduce the amount you spend on unnecessary things as much as you can! Do you really need the last iPhone, or can your 2019 phone do all you need?
Keep in mind that earning money is hard, and you have to set your goals for having the life you want. If you understand this, then you’ll avoid being way too greedy in the future.
9 - Create sources of income
Passive sources of income are really important in order to achieve financial independence.
Having a side project, a house rental, or a business can mark a big difference in your life. The more sources of incoming cash you have, the faster you’ll achieve your goals. Learn new skills, your future self will thank you.
10 - Get continuous financial education
Understanding the basic principles of finances is key to succeeding in life.
We must always be constantly educated to overcome the challenges we face every day. Reading the latest financial news and developing your financial skills is good to know which way to walk in your journey. Consider that your future is important, so having this knowledge is vital for you.