Best Ways to Become Financially Free (2024)

By: Sarah Titus |

QUICK JUMP

If you’re reading this post, I can only assume that you are in debt and I can completely relate. Although I am completely financially free today, there was a time in my life where I was in $30,000 debt.

You feel like such a failure looking at that large amount. It feels like it happened overnight and no matter how hard you try, you just can’t shake the monkey on your back. You can’t take a vacation, you can’t give like you want to. Sometimes, when you are alone at night, thinking about your situation, you feel as though you have no options. You’ll never change anything. You’ve lost all hope of ever being financially free, free from the burden and responsibilities of debt.

You’re not alone!

There are so many others out there who are in debt as well. Our society pushes debt on us at every turn. They study how to get people to buy and they use your own weaknesses against you. You never even have a chance.

The truth is that you didn’t get into debt overnight. It took months, even years, and it will take a while to get out of debt as well. Here are 10 of the best articles I could find on how to become financially free and live a debt free life. I can relate to most of the things stated within the posts personally because I’ve been there.

If you get nothing else out of all these get out of debt tips, it should be this…

Do NOT give up hope.

Do NOT let them win.

You are stronger than you realize.

As a single mom, if I can do it, so can you!

Will it take time? Absolutely.

And you will fall off the horse time and time again. Just keep going.

Pick yourself up, dust yourself off and keep going, because really, the only way you truly fail IS TO STOP TRYING!

5 Reasons You Will Fail to Get Out of Debt {My Stay At Home Adventures}

Love #4. I was RICH, even when I was ONLY making $18,000/year. It’s all about the mindset. She’s so right!

Best Ways to Become Financially Free (1)

4 Rules for Becoming Debt Free by Age 30 {The Daily Positive}

“Spend less than you make. Period.” Love that, seriously!!! It’s so foundational and one of the keys to financial freedom.

Best Ways to Become Financially Free (2)

How to Become Financially Free {Sarah Titus}

I created this book for the millions of people out there who are in debt and feel like it’s hopeless. I’ve been there too. Feeling like you’re just spinning your wheels, but if you are consistent, you can overcome the debt monster.

In my latest book, How to Become Financially Free (now available in my Financial Freedom Bundle), I show you exactly how I went from being homeless and having nothing, being in $30,000 worth of debt, to becoming financially free and even going past that to make a fantastic living! I created the book at aprice that literally everyone can afford, and I put it on Amazon! Within a few days, it hit the #1 Best Sellers list on Amazon. There’s a lot of good information available right at your fingertips!

How I Paid off $170,000 of Student Loans {Money Saving Mom}

The last tip is VERY, VERY important! Find out what it is and how it will help you with your financial freedom plan …

Best Ways to Become Financially Free (4)

Free Debt Payoff Planner Printable {A Mom’s Take}

…and if you’re getting out of debt and taking steps to financial freedom, you’ll need a free printable to keep track of everything! Here’s a nice one.

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How We Paid Off Our Debt Faster With 1 Simple Tip {Growing Slower}

It really is such a simple tip. I think that sometimes we try to complicate things, making them harder than they really have to be, myself included. This “simple” tip as it’s called, is really an important one to knock out debt fast!

Best Ways to Become Financially Free (6)

That one time when we paid off our house {View Along The Way}

Kelly and her husband, Andy, paid off their mortgage completely before her 30th birthday, despite having a pretty average income. In this article, they lay out the five main steps they took to achieve their goal and help inspire others in doing the same.

Best Ways to Become Financially Free (7)

Budgeting Tips For Those With Irregular Income {Seed Time}

If you are self-employed or someone who works off of commission, your income likely isn’t the same from week to week or month to month, making budgeting a hard thing to do. In this article you’ll learn four budgeting tips to help you manage your irregular income and obtain more financial freedom.

Related: How I Survive on Inconsistent Paychecks

Best Ways to Become Financially Free (8)

Money Saving Tips for the Newly Frugal {Frugality Gal}

If living a frugal lifestyle is something new to you, baby steps are the easiest ways to ensure you’ll stick with it. This article will go over 19 different money saving tips that won’t be a huge shock to your current lifestyle and will get you on the path toward financial freedom.

Best Ways to Become Financially Free (9)

10 Smart Ways to Become Debt Free {Family Balance Sheet}

Great post full of information, tips, and tricks on how these 16 families paid off over a million dollars worth of debt!

Best Ways to Become Financially Free (10)

There you have it! What are YOUR best ways to become financially free? Do you have a trick or tip to share that’s really helped you and can encourage others?

Best Ways to Become Financially Free (2024)

FAQs

Best Ways to Become Financially Free? ›

Creating a strategic repayment plan to pay off all outstanding debts is the first step to achieve financial freedom. Focus on high-interest debts first while maintaining minimum payments on other bills. Tap into the power of budgeting and disciplined spending in an effort to allocate extra funds towards debt repayment.

What is the most important first step toward achieving financial freedom? ›

Creating a strategic repayment plan to pay off all outstanding debts is the first step to achieve financial freedom. Focus on high-interest debts first while maintaining minimum payments on other bills. Tap into the power of budgeting and disciplined spending in an effort to allocate extra funds towards debt repayment.

What is the 4 rule for financial freedom? ›

Key Takeaways. The 4% rule says people should withdraw 4% of their retirement funds in the first year after retiring and take that dollar amount, adjusted for inflation, every year after.

What is the secret to financial freedom? ›

Make a budget to cover all your financial needs and stick to it. Pay off credit cards in full, carry as little debt as possible, and keep an eye on your credit score. Create automatic savings by setting up an emergency fund and contributing to your employer's retirement plan.

How much money does it take to be financially free? ›

The cost of living comfortably: On average, Americans feel they'd need to earn over $186,000 to feel financially secure or comfortable, a 20 percent drop from 2023 but still more than two times what the average full-time, year-round worker earned in 2022 (about $79,000), according to Census Bureau data.

What is the fastest path to financial freedom? ›

Make a budget to cover all your financial needs and stick to it. Pay off credit cards in full, carry as little debt as possible, and keep an eye on your credit score. Create automatic savings by setting up an emergency fund and contributing to your employer's retirement plan.

How much money is enough to be financially free? ›

The cost of living comfortably: On average, Americans feel they'd need to earn over $186,000 to feel financially secure or comfortable, a 20 percent drop from 2023 but still more than two times what the average full-time, year-round worker earned in 2022 (about $79,000), according to Census Bureau data.

How can I build my wealth once debt free? ›

Being debt-free and having money in the bank to cover emergencies gives you the foundation you need to start saving for retirement. Once you get to that point, invest 15% of your gross income in retirement accounts like a 401(k) and Roth IRA.

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