If this is your first visit, I bet you are wondering what Journey to Launch is all about. At first, I created the site as a personal blog to chronicle my journey to financial freedom/independence. As I began to blog, I realized that I wanted to directly help and better connect with my readers by providing hands-on tools and information.
Here are some questions you may have:
What is Financial Independence/Financial Freedom?
Financial independence is generally used to describe the state of having sufficient personal wealth to live, without having to work actively for basic necessities. For financially independent people, their assets generate income that is greater than their expenses. I sometimes use the word Financial Independence and Financial Freedom interchangeably.
Being Financially Independent sounds great but that doesn’t sound feasible to me? Can I still benefit from this site?
Financial Independence is something very few think they can reach. After all, technically it means you will be able to fund your lifestyle through your investments without ever working again. It also means you have little to no debt. For many, especially if you are just starting out on your journey, you will have credit card debt, student loan debt and spending habits that make the goal of being financially independent seem too big and impossible of a goal to reach.
I am not going to lie, it will take work to get there. Primarily, you will need to change the way you view money, the way you spend money and your overall lifestyle.
And look- even if you don’t become financially independent, you will have made leaps and bounds in your finances by decreasing/eliminating debt, increasing savings & growing your net worth.
So what’s the harm in shooting for the ultimate goal of financial independence?
On the other hand, you also need to be realistic with your journey and set tangible goals. This helps in keeping you motivated as you are able to feel good about the accomplishments you make along the way.
This sounds too intense, will I still enjoy life?
Yes, absolutely. Becoming better with managing your money doesn’t mean you can’t enjoy the things you value in life. You can still mostly do and have anything you want, within reason of course.
My hope is, that the further you make it along your journey, you will just innately view money differently.
The decisions you make to becoming a better money manager will not feel like a sacrifice but rather an accomplishment.
So, where am I on my Financial Journey?
You probably fall into one of three different journey position points & skill levels on your Journey:
- Beginner Journeyer
- Intermediate Journeyer
- Advanced Journeyer
You can read more about each journey position point here.