Life Skills Needed to Achieve Financial Independence
For most of us, being financially independent is no easy feat. It takes a lot of hard work. And finance writer Trent Hamm points out that in order to achieve this goal, you need to develop several life skills.
Financial independence, Hamm explains, is the ability to walk any path through life without worrying about financial problems. This independence allows you to make choices based on your personal satisfaction, not how much the choice is worth.
While trying to achieve this goal, Hamm realized that there are several characteristics that help to achieve it. He calls it “the Swiss army knife of life skills.” Here are some examples:
Willingness to learn: If I do not want to acquire new skills, the day I quit this job will be the day when I find it difficult to find meaningful work elsewhere beyond the entry-level position. This is not what I want to do, so I need to be willing to learn.
The willingness to do something on your own : This extends to a lifetime, from preparing food from scratch to fixing plumbing problems in my home. The more things I am willing and able to do on my own without asking for help, the more self-sufficient I am, the less money I need to spend, and the less likely I am to face emergencies that could upset my financial balance.
These are just a few examples that Hamm offers. Check out his full article to find out more.
Instruments for Declaring Independence | Simple dollar