Summary
One of the first steps to achieving your financial goals is setting goals. The next step is to create a plan to achieve your goals. It is important to ensure that you are sticking to your plan.
One of the key components of financial freedom is having an emergency fund. Aim to save three to six months’ worth of living expenses in your emergency fund to provide a financial cushion in case of emergencies.
To reduce your expenses, start by cutting out non-essential spending. Aim to save at least 20% of your income, including contributions to retirement accounts.
