98 people want to do this.

Financial Freedom


 

How to financial Freedom by wolfe1980

"Hard to achieve but glad I did it!"

How I did it: Define Financial Freedom: my definition was to have no debts and enough money saved to meet known bills. First I declared banckruptcy with the ITSA (Australian.) Second I moved to a place of rent I could afford (sadly this meant moving in with my grandparents who made me pay for my electricity and food, not rent per se) Thirdly I went out and looked for a higher paying job. Fourth, I never stopped looking for ways to earn more money, like selling everything I had! Sixth, I then chopped off the financial drains that I just couldn't afford like gym membership and other subscriptions. I went jogging along the beach instead of on a treadmill, and that was a great change!

Lessons & tips: It was depressing to force myself to a 'Square 1' financial position. ITSA have their forms on the internet so if you are feeling too embarrased just print them out and post them like I did. Feeling responsible for saving yourself financially is a rewarding feeling. Money spent on courses are investments that will lead to higher paying jobs. I don't care if Commonwealth Bank comes on top as the bank of the year, don't bank with them.

Resources: ITSA, and their comprehensive website. Bendigo Bank, and their simple banking proceedures. My grandparents!


 

Sep 27, 2008, 11:03PM PDT | 0 comments | 1 cheer


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    People doing this are also doing these things:

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    dhammapal

    No Safe Havens For Hoarding Wealth 5 months ago

    I reckon there are no safe havens for investments at the moment, apart from making good karma by donating to charities. I am taking the opportunity now because there might be hyperinflation soon.

    May 27, 05:29AM PDT | 0 comments


    wolfe1980 is Mourning Tina

    Still going good! 14 months ago

    Paid my mobile bill late this week and got a dishonour fee from the bank on a direct debit. But I’ve taken care of both so I am going good. I have $400 in savings. Not much I know, but at least I haven’t spent it!

    Aug 30, 2008, 10:39PM PDT | 0 comments


    wolfe1980 is Mourning Tina

    Ohhh! 14 months ago

    Actually have extra money in my purse this week! $50! Whoo Hooo!

    Aug 20, 2008, 10:44PM PDT | 0 comments


    wolfe1980 is Mourning Tina

    ABN 15 months ago

    Getting an ABN to sell stuff!

    Aug 14, 2008, 12:09AM PDT | 0 comments


    wolfe1980 is Mourning Tina

    So far so good. 15 months ago

    So far so good. My rent sometimes has been a day or so late but I’m keeping up. I have no bills at the moment. Last week I was kind of getting embarrased by my bank sending me letters advising me that some direct debit rejections. But when I looked at them I relised I was being given a list of things I need to stop subscribing to, as, clearly, I’m not keeping up with payments.

    Aug 13, 2008, 11:51PM PDT | 0 comments


    wolfe1980 is Mourning Tina

    Moving Out 15 months ago

    I’ve found a place to rent. Shared Accomodation, but beggers can’t be choosers. I find it tough sometimes because I get down to my last $10 and I know that I don’t have a credit card to rely on.

    Jul 24, 2008, 04:35AM PDT | 0 comments


    wolfe1980 is Mourning Tina

    Money must be funny in a rich man's world.... 17 months ago

    Last year I got rid of my bad debts by filing for bankruptcy. I’m kind of nervous for the end of the month when my taxes are due and I find out how my bankruptcy really affects me. For the next 3 years I am not allowed to earn more than $60,000p.a, leave the country without permission or put money into investments. Earlier today I finished paying off my last large bill (woohoo!) and I am now working to pay off my smaller debts such as a university fee to continue education, a centerlink loan, and I am saving money so that I can afford to rent my own place.

    Jun 03, 2008, 04:10AM PDT | 0 comments


    namon20

    Do it 20 months ago

    Do it

    Mar 02, 2008, 11:22AM PST | 0 comments


    beanau motivated

    I want to release myself from the debts 20 months ago

    I will achieve control over my finances and enjoy financial freedom.

    Feb 28, 2008, 08:59PM PST | 0 comments


    tctmtsw

    Financial Freedom 20 months ago

    Living at a point that money is not an issue, I have more than enough to live the life I want.

    Feb 27, 2008, 09:03PM PST | 0 comments


    → See all 20 entries

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    Accra
    		 queennimoh asks, “any mentors out there who have acheived financial freedom?”
    — 4 years ago


    		 1 answer

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