What is time freedom to you? It will look different for each person, and maybe for each time period of your life as well.
For a young parent, time freedom could mean they are available to be at their child’s every sports event, every school play, every field trip.
For a couple in love, it might be freedom to go on trips any time they want for as long as they want without worrying about missing work.
For a 50-something couple maybe it’s the ability to retire without debt or worrying about where the money will come from to pay the bills.
Or maybe it’s the dream of a relaxing life on the beach!
My husband and I are in the midst of planning our financial future. We are already building two different types of passive income and working on a third in the near future. Our goal is to retire in 5 years or less with no mortgage or other debt and we are on track!
What are you doing to get yourself closer to time freedom? Here are a couple of ideas:
- Pay off your debt as quickly as possible
- Start an emergency fund that easy to access
- Put your money to work for you via smart investing
- Create passive/residual income
- Simplify your life, cut down on unnecessary expenses
- Spend small, live big