Some of us have been traveling the road of financial bondage, financial dependence, and financial worry for far too long. How do we exit off this congested highway onto the freeway of financial freedom?
If nothing else, the exit for financial freedom looks like planning. Many of us need to think differently about our money. If we were honest, we would have to admit that too many times our money (or lack thereof) manages us, not vice versa. But Jesus said that we can’t serve both God and money (Matthew 6:24). So, we have got to start planning. Instead of just responding to our perceived needs and wants, we need to make a plan.
Can We Really Plan and Think Differently?
But how? Fortunately, there are wise, experienced people who understand both human behavior and financial management. One of these is Dave Ramsey. He has made some sound thinking available for free online: https://www.daveramsey.com/blog/what-is-financial-freedom. Additionally, I would recommend his Financial Peace University training. We just so happen to be co-hosting a class, starting February 4. You can register for it here.
A Profound Example
One specific, even profound, example of how thinking differently and planning can make a huge impact on your financial planning involves buying a car. If you typically have a car payment, you are likely vastly reducing if not completely undermining your financial freedom. Fortunately, there are other approaches. Bob at Seedtime asks, “Is any car worth your financial freedom?” Check out his blog here: https://christianpf.com/cars-financial-freedom/. Dave Ramsey has a provocative video entitled, “How to Drive Free Cars for LIFE!” https://www.daveramsey.com/blog/drive-free/. Are you curious? The point is that car-buying habits can be a very relevant example of how our thinking (and maybe lack of planning) can have a surprising impact on our financial freedom.
So, what can you do to make a turn off the road of financial bondage onto the freeway of financial freedom?