10 ways to know if you’re financially free will make you reflect and ask yourself the difficult questions.  The good news is that it’s a wakeup call that will allow you to make the necessary changes if things aren’t going the way you expect.  These are 10 ways to know if you’re financially free.

You don’t expect the government to take care of you after you retire

Government assistance at times can have a negative impact.  When people always depend on another source other than themselves for their economic welfare, this gives them no incentive to produce and create.  This can be crippling when a whole community adopts this mindset.  Rich and successful because take charge of their own financial destiny.

You can sustain your lifestyle for more than 6 months if you stopped working

Let’s face it.  If you don’t have enough cash flow or money saved up to last at least 6 months if you stopped working, you need to make changes in your financial decisions.  This could be simply adding other streams of income if you love what you’re currently doing.  Or it might be time to increase your skills so you can command a higher wage.

Your car is not too old and requires constant maintenance

This isn’t about having a brand new or an expensive car.  When you see that you’ve been spending more time than necessary visiting the mechanic for repairs, it’s time to do what it takes to upgrade.  Having a dependable car will not only get you further to places but it can save your life.

You don’t have bills you struggle to pay

Some people have expensive phones but struggle and having to resort to borrowing just to make the monthly payments.  You don’t want this to be you so make sure you have your priorities straight.

You don’t let coupons or things being on sale to impact your buying decisions

You probably know someone if you haven’t done so yourself who made the decision to buy something they didn’t really need just because the item is on sale.  Making buying decisions based on quality and value the goods will add to your life is a much better way to go.

Your nutrition doesn’t solely depend on fast food

It’s true that as humans, we make decisions that don’t make sense at times.  Some will spend countless amounts on materials like shoes and jewelry.  But treat their bodies like wastes by buying cheap and unhealthy food.  This is about priorities.  Having proper nutrition and taking care of your health is one of the best investments you can make.  When you have a healthy body, you’ll have the energy to produce more which often means more money in the bank instead of spending it on hospital bills.

You’re not worried that you’re financial situation will affect your kids chances of success

You shouldn’t spoil your kids but as a parent, it’s your responsibility to make sure that you put them in a position to strive to reach their full potential.  This includes getting them the best training and education possible at their early stages.

You know how to manage money

It’s not whether you make a 100k or a million that counts at the end of the day.  It’s about the percentage that you get to keep and multiply that matters.  Someone making less can improve their financial situation and get a head by managing their money well and putting it in different vehicles to multiply.  This means hitting the books and learning from both successful and unsuccessful individuals.  Emulate what works and avoid making the same mistakes that others did.

You don’t have unproductive addictions that drain your wallet

There have been lots of successful people who’ve let unproductive addictions derail not only their finances but their lives as well.  The best solution is to let go of pride and seek treatment if unproductive addictions are controlling and leading you to a path of destruction.

You hang out with other financially free people

It’s been said that you’re a reflection of the 5 people you hang around with the most.  How can you be financially free if everyone around you has money problems?  You want to be other successful people so you’ll continue to keep learning and growing.  This means you’ll also have something valuable to bring to the table even if it’s just an exchange of knowledge.

These are 10 ways to know if you’re financially free. If you find this useful, like, share, and leave comments.  See similar post: What’s Your Financial IQ?