make a plan for financial independence

I’ve been so many places and done so many fun random exciting things, but its never been on my own terms. I just want to be able to survive on my own. I want my own place, pay my car off on my own, buy my own everything…

I hate what I see: everytime I get money, spending becomes way easier. It frustrates me so much. Just now I also had an very high phone bill…

I just don’t like to see that it seems like I have no true control yet in this.

God, could you please help me…?

xxx

Chellie_

i am no where near having a job or let alone have any financial independence. i am still under my parent’s care and sometimes under my bf’s care. i do hope though when i earn my degree and start working, i will one way or another make myself financially capable.

Money is in this world power, possibilities open with money. And I believe that being smart with your money, makes a lot more possible than when you aren’t. I want to be able to pay all things by the money I earned and eventually by that live on my own.

Chellie_

...to understand my finances, to set up a ‘rainy day’ savings plan, to set up a retirement savings plan, to set up a secure investment strategy (maybe treasury bills), to afford health-care (perhaps my own health/life insurance savings).

And then there is my family’s financial security. In terms of prioritizing, I should start with understanding finances so that I can communicate what I know to my family members. That way, they can begin to think about their own financial plans and I can feel less responsible for their financial futures.

I feel fortunate at this juncture in my life. I’ve had financial pitfalls in the past but right now I’m doing well: manageable expenses which have decreased a bit over the past 2 years and a solid income. Not owning a car has been a nice way to free up cash for savings and monthly spending cash.

• own a house (no mortgage)
• 12 months expenses in the bank
• cashflow from conservative investments
• healthcare, taxes and recurring expenses planned for

Which means what? That I need $50,000/year post-taxes to live the good life? Or would I be happy with $2,000/mo in cashflow in addition to regular working income (as I never imagine myself not earning other income)?