How to Achieve Financial Freedom SHP Financial

Achieving “financial freedom” can be a challenging concept because people don’t usually know what they want or what they mean by being financially free. For the most part, people want to feel secure about their finances and have the ability to fulfill their desires without constantly worrying about money. However, various factors can contribute to financial worries, such as mortgage payments, credit card debt, and the amount of money saved for retirement.

The cost of what you want to buy is also something that varies greatly from person to person. Some individuals simply enjoy taking leisurely strolls in the forest, while others are passionate about exploring new destinations. So how we define financial freedom is subjective and varies for each person. Financial freedom often becomes a primary objective for individuals as they approach retirement. They aspire to cease working and eliminate any concerns about monetary matters. So how can you become financially free?

Step 1: What do I want?

To kickstart your retirement planning, it’s crucial to clearly outline your financial objectives. Determine the amount you wish to allocate towards essential living expenses and extra indulgences like vacations and hobbies. By creating a practical monthly budget for your retirement, you’ll gain valuable insights into the amount of money required for true financial freedom.[1]

Step 2: Live below your means

If it’s feasible, try to minimize your expenses for items that are not essential. Some individuals tend to spend all their income without saving enough for unforeseen circumstances or future needs. By reducing unnecessary expenses, you may find that you have more financial flexibility and more money to put toward your retirement.[2]

Step 3: Consider talking with a financial professional

Financial professionals have extensive knowledge and expertise in financial planning. They engage in problem-solving with their clients, focusing on the concept of financial freedom and providing tailored strategies and guidance to try to help them attain it. If you are interested in trying to attain your own financial freedom, don’t hesitate to contact us for a complimentary assessment of your financial situation.


The content presented is for informational purposes only and is not intended as offering financial, tax, or legal advice, and should not be considered a solicitation for the purchase or sale of any security. Some of the informational content presented was prepared and provided by tMedia, LLC, while other content presented may be from outside sources believed to be providing accurate information. Regardless of source no representations or warranties as to the completeness or accuracy of any information presented is implied. tMedia, LLC is not affiliated with the Advisor, Advisor’s RIA, Broker-Dealer, or any state or SEC registered investment advisory firm. Before making any decisions you should consult a tax or legal professional to discuss your personal situation.Investment Advisory Services are offered through SHP Wealth Management LLC., an SEC registered investment advisor. Insurance sales are offered through SHP Financial, LLC. These are separate entities, Matthew Chapman Peck, CFP®, CIMA®, Derek Louis Gregoire, and Keith Winslow Ellis Jr. are independent licensed insurance agents, and Owners/Partners of an insurance agency, SHP Financial, LLC.. In addition, other supervised persons of SHP Wealth Management, LLC. are independent licensed insurance agents of SHP Financial, LLC. No statements made shall constitute tax, legal or accounting advice. You should consult your own legal or tax professional before investing. Both SHP Wealth Management, LLC. and SHP Financial, LLC. will offer clients advice and/or products from each entity. No client is under any obligation to purchase any insurance product.
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