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	<title>wealth Archives | Embrace Possibility</title>
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		<title>The First Step to Freedom</title>
		<link>https://www.embracepossibility.com/blog/the-first-step-to-freedom/</link>
					<comments>https://www.embracepossibility.com/blog/the-first-step-to-freedom/#comments</comments>
		
		<dc:creator><![CDATA[Robert Chen]]></dc:creator>
		<pubDate>Sun, 05 Feb 2012 05:33:24 +0000</pubDate>
				<category><![CDATA[Financial Freedom]]></category>
		<category><![CDATA[affluent]]></category>
		<category><![CDATA[financial freedom]]></category>
		<category><![CDATA[freedom]]></category>
		<category><![CDATA[personal finance]]></category>
		<category><![CDATA[retirement]]></category>
		<category><![CDATA[rich]]></category>
		<category><![CDATA[saving money]]></category>
		<category><![CDATA[savings]]></category>
		<category><![CDATA[wealth]]></category>
		<guid isPermaLink="false">http://www.embracepossibility.com/blog/?p=107</guid>

					<description><![CDATA[<p>I thought I was free but really, I'm not. To be free, I thought it was enough to live in a free country like the United States but it's not. I thought it was enough to have a loving family but it's not. I thought as long as I had my health, I'll be free  [...]</p>
<p>The post <a href="https://www.embracepossibility.com/blog/the-first-step-to-freedom/">The First Step to Freedom</a> appeared first on <a href="https://www.embracepossibility.com">Embrace Possibility</a>.</p>
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										<content:encoded><![CDATA[<p><img fetchpriority="high" decoding="async" class="alignright size-full wp-image-2249" src="http://embpos.s3.us-east-2.amazonaws.com/wp-content/uploads/2012/02/23022836/jail.jpg" alt="Go to jail - Nobody knows the trouble I've seen ..." width="300" height="225" srcset="https://embpos.s3.us-east-2.amazonaws.com/wp-content/uploads/2012/02/23022836/jail-200x150.jpg 200w, https://embpos.s3.us-east-2.amazonaws.com/wp-content/uploads/2012/02/23022836/jail.jpg 300w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>I thought I was free but really, I'm not.</p>
<p>To be free, I thought it was enough to live in a free country like the United States but it's not.</p>
<p>I thought it was enough to have a loving family but it's not.</p>
<p>I thought as long as I had my health, I'll be free but I'm not.</p>
<p>What I am missing to be truly free is ...</p>
<p>... <strong>money</strong> <strong>and <span style="text-decoration: underline;">lots of it</span></strong>.</p>
<p>I have come to realize that without financial independence, I don't have any freedom. I am unable to do what I want when I want to so I have begun educating myself on how to become financially independent. I have begun applying some of the most important examples from my research (<a title="Recommended Reading" href="http://www.robertchen.com/recommendations/" target="_blank">click here for my recommended reading list, which includes books on financial freedom</a>) and it is working.</p>
<p>The first step that I recommend is to get into a habit of <span style="text-decoration: underline;"><strong>saving at least 10% of your income</strong></span> and putting it into a savings account that you don't dip into until you reach your retirement age (<span style="text-decoration: underline;">Note</span>: You can retire as soon as you hit your <a title="Be Financially Free – Lesson 2 – Do You Know YOUR Number?" href="http://www.embracepossibility.com/blog/do-you-know-your-number/" target="_blank">retirement number</a>. No one says your retirement age has to be 65 or over.)</p>
<p>That's it.</p>
<p>That's the first step to freedom.</p>
<p>No matter what happens, take 10% from any income you get.  Automatically deduct it from your paycheck. Trust me, you won't miss it.  You'll be just fine with what you have left to spend.</p>
<p>The post <a href="https://www.embracepossibility.com/blog/the-first-step-to-freedom/">The First Step to Freedom</a> appeared first on <a href="https://www.embracepossibility.com">Embrace Possibility</a>.</p>
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