Maybe you dream of waking up next to the ocean on a gorgeous piece of land you own, surrounded by nature, with zero internet because you never need to work again.
Or maybe you dream of waking up somewhere other than your childhood bedroom, without your parents nagging you to get a job and move out because you’re 35 years old.
Financial freedom can mean something different to everyone, but it always comes back to this: What drives you to get up and go to work?
We’re not talking about just your job, we’re talking about whatever it is you’re doing to reach those financial-freedom goals you have — improving your credit score so you can buy a home for your family; paying down your debt, so you can relieve yourself of the anxiety sitting on your chest; finally taking that leap to invest and build your retirement fund.
Whatever your vision of financial freedom is, we’ve compiled the five steps that can help you get there.
1. Add Up To 300 Points To Your Credit Score
If your vision of financial freedom is owning a house, or leasing a car, or even just opening a credit card in your name you know that a good credit score is an important part of getting there.
When it comes to your credit score, it’s important to stay organized and keep tabs on it. After all, it’ll play an essential role in any big purchase you want to make — and could save you thousands.
So if you’re looking to get your credit score back on track — or even if it is on track and you want to bump it up — try using a free website called Credit Sesame.
Within two minutes, you’ll get access to your credit score, any debt-carrying accounts and a handful of personalized tips to improve your score. You’ll even be able to spot any errors holding you back (one in five reports have one).
James Cooper, of Atlanta, used Credit Sesame to raise his credit score nearly 300 points in six months.*** “They showed me the ins and outs — how to dot the I’s and cross the T’s,” he said.
Want to check for yourself? It’s free and only takes about 90 seconds to sign up.
2. Stop Paying Your Credit Card Company
If you have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape… Digging yourself out of that debt could be your version of financial freedom.
And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping you off with high interest rates. But a website called AmOne wants to help.
If you owe your credit card companies $50,000 or less, AmOne (1) will match you with a low-interest loan you can use to pay off every single one of your balances.
The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 3.49% APR), you’ll get out of debt that much faster. Plus: No credit card payment this month.
AmOne keeps your information confidential and secure, which is probably why after 20 years in business, it still has an A+ rating with the Better Business Bureau.
It takes two minutes to see if you qualify for up to $50,000 online. You do need to give AmOne a real phone number in order to qualify, but don’t worry — they won’t spam you with phone calls.
(1) JW Cole/Franklin Planning and Robinhood nor AmOne are unaffiliated.
3. Start Investing and Save For Retirement: Get up to $200 in Free Stock from This Company
Investing can seem overwhelming if you’ve never done it before. But in order to reach financial freedom, letting your money sit and earn pennies may not get you there.
If you feel like you don’t have enough money to start investing, you’re not alone. But guess what? You really don’t need that much — and you can even get free stocks (worth up to $200!) if you know where to look.
Whether you’ve got $5, $100 or $800 to spare, you can start investing with Robinhood.
Yeah, you’ve probably heard of Robinhood. Both investing beginners and pros love it because it doesn’t charge commission fees, and you can buy and sell stocks for free — no limits. Plus, it’s super easy to use.
What’s best? When you download the app and fund your account (it takes no more than a few minutes), Robinhood (1) drops a share of free stock into your account. It’s random, though, so that stock could be worth anywhere from $2.50 to $200 — a nice boost to help you build your investments. Click HERE to read more.
(1) JW Cole/Franklin Planning and Robinhood are unaffiliated.