Share this on:
 E-mail
13
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not verified by CNN

  • Click to view chbruce's profile
    Posted July 22, 2014 by
    chbruce
    Location
    San Diego 92101, California

    More from chbruce

    Reaching Financial Freedom Starts With a Savings Plan

     
    Scott Steger San Diego Financial Representative says “Financial freedom is something that most of us look forward to.”

    Before we can achieve this long term goal, we have to save and let our money grow over time. Saving is not an easy process as it requires dedication and commitment to delay gratification and minimize spending habits. Too many people were unsuccessful in this aspect because they usually procrastinate and hoard things that are considered a liability. However, it is never too late to start saving for the future. As long as you make it a habit to set aside something whenever you earn, you will be delighted on how far your savings go.

    Basically, when you save for the rainy days, it is also important to clear the debts you have incurred in the past. Cliche as it may sound, you can never move on to something good unless you shed the burden of your debts. Therefore, start paying them off and avoid making any more. When you receive your pay check, always separate the money for your savings before you use some of it for your needs and wants.

    As much as possible, save for your retirement by getting a life insurance or considering a stock market investment. This can be a little tricky. That is why you have to research the possible options that you can do to maximize your savings and allow them to earn interests.

    Furthermore, always keep your focus on your financial goals and do not be tempted to spend on things that will never accumulate earnings. If you can afford to buy new clothes, shoes or gadgets, you can also manage to obtain your financial freedom. Just be consistent in saving your money and investing it in something that will be to your benefit eventually.

    Scott says “Adopt a solid plan. Eventually there will never be a day that you worry about money.”

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story