Do you sometimes wonder when you'd ever gain financial independence?

Hi, saving is a distant memory for my family,we just about manage to pay a private pension then like you say it is all bills.food,mortgage ect.I think it will be like that for a few years yet.The only thing I can suggest is having a penny jar where you put your spare change and try to leave it alone till it builds up.Don't put to much in there just a little bit or you will be going to it all the time.Switch the lights off and go to bed early.Eat cheap but have fruit and veg.Buy some seeds and plant some veg in a window box,pots,or a garden if you have one.It sounds like you are financial independent.Just like the rest of us hard up at the moment.Get together with friends indoors and ask them to bring something so you can still enjoy life but on the cheap.Go for long walks with a friend that is a good pass time,that is what I do.Look at the flowers and wild life.Don't get down take care.

We must save for future, for hard days. We should not live in any financial vulnerability. And to avoid this we must adapt our life style to all money saving previleges sold by modern age.

First of all, what is your definition of financial independence? To me, it is the availability of funds or resources to cover all your monthly expenses until you die, without having to work again. At this particular moment, I still wonder whether I can ever gain financial independence. Sometimes, what I earn is not even enough to cover for bills per se. But there are a few ways to get started. Find something you need to do once, but generate money multiple times. For example, writing a book. You just need to write once and you get royalties from the sale of your book. If you have enough such sources of income, you will be able to retire, and still ensure that the bills are paid every month.

Hi! It's a nice discussion you have here. For me, I don't just wonder but I plan and I intend to achieve financial independence. You have to ask your self if you really want it and you must be willing to go through the distance. A best-selling author and business guru says- "There are two kinds of money problem: one is not enough and the other is too much. My question is, which problem do you like?" They say, to achieve financial independence you should stop chasing money. What you should do is observe where the money flows, study the pattern, and stand on it's path so you can easily catch it. So if we really want to have financial independence, we should move from being a mere employee onto being a business owner. Would it be better to see how money works for you rather than the other way around? That is just to give you a perspective. As of now, I also trade my time for money like most of us do. What I did is I took a sizable 4-year loan and I call it my transition period. I thought of saving a few bucks consistently over 4 years, so as not to have a loan, but time is of the essence. I guess that's how it is - Risks and Rewards. If you want to have bigger rewards, you have to take bigger risks.

Yes, it can be very expensive to live in these modern times. Basic expenses can be very high such as housing, bills such as heat and electricity, food, clothing, education, child expenses and that's not even including any extras. I honestly do not know how a person who is working full-time making only minimum wage can keep up financially let alone have money left over for savings and entertainment. Some say the key to getting a good job is education, but education in itself can be very expensive and can put a person into debt before they even get started. It seems that it's a vicious cycle and once you get into debt it is so difficult to claw your way out. I find that the most important thing for me in handling my money is to have as few monthly payments as possible. I hate having to be responsible for monthly payments except of course for a mortgage or rent. Although I dream of the day when my condo will be paid off in full. For instance I don't have car payments, I opt to pay my car insurance, home insurance etc. in full when it becomes due rather than in monthly instalments, I try not to carry a balance on my credit cards. Key for me is not becoming bogged down in monthly payments, that way I have a few bucks left over at the end of my pay period.