This question can be answered once you get the real essence of financial freedom. This might be a state when your financial anxieties are within your control. You always have a plan B in place to take over any tricky financial scenario.
Now, this very feeling of financial security might come when you have attained financial freedom. The absence of worries feels calming and peaceful. There is no reason for you to be sad and in this state, even small things can make you happy.
You can see how the relationship is not direct but one thing can set the place for the other. The common way you perceive money is that it helps you purchase whatever you want. This can give you happiness but for a short span.
This realisation that materialistic happiness cannot stretch longer will hit you later. If you are after finding joy by spending money only, you will ultimately become a spender. This should not be the way you get relief from your sorrow.
Your financial situation will be worst if you continue to be like. Then, you will start spending money for no reason and end up piling up huge debt. You will get to see its impact on your credit scores as well.
Although bad credit loans with no guarantor obligation are obtainable, they are going to be temporary solutions. Thus, your way of being happy by spending can make you pay a heavy price. Surely, you are going to be worried because of this.
On the flip side, if you had used money responsibly and focused on attaining financial freedom, you could have averted such worries. No anxieties will make you content and happy.
Still not clear if financial freedom and happiness are directly related? Stay here and keep reading.
The connection between financial freedom and happiness
One of the major expenses you cannot avoid is household requirements. You have to run the home and this involves some standard expenses. When you are earning, you have to allocate adequate funds for this purpose.
Despite spending money, you will have a feeling of accomplishment. You can take care of your family and this can make you extremely happy. Here, you are doing the basics for your household with the money you are earning.
This lets you to be happy and this power comes from the money you are bringing home as your salary. In some cases, money lets you enjoy some convenience. This can be another reason to be happy for you.
Thus, you are not buying anything directly. You are using money to improve your experience and this is responsible to make you happy. Experience matters and you can earn them once you are free from financial anxieties.
· Possibility of living happy without money
To be able to cook good food, you need to visit the grocery store. If you do not have money in your wallet, you cannot buy the ingredients. Now, with no food to eat, you cannot think of being happy.
Thus, surely, without money in your bank account or purse, you cannot feel good. Besides, to generate savings for achievement of future financial goals, you would need money as the most basic element.
Again, even if you have small amount, you should know how to channel it smartly. Otherwise, it will get over soon and you will have zero money to sail through. You cannot be happy with no money or no earning.
Thus, when you realise you have no money, start exploring ways to make money. Surviving without money is impossible and the ability to lead a smooth life should make you grateful. You can utilise money for self-care and this can make you happy.
This might be the much-needed unwinding for you. A newly bought dress cannot give you the same amount of happiness.
· Ways you can achieve financial freedom in your life
Financial freedom can even out the way for you to be happy. Therefore, you must try to do the necessary thing to enter into that phase of life. Some steps are going to be discussed right here.
1. Understand where you are
The first step should be to determine your current financial situation. With zero knowledge of your financial condition, you cannot decide the point from where to start. Maybe, you have started earning but not a huge salary.
In that case, the roadmap to attaining financial freedom would be slightly different from a situation when you are earning enough. The ability to utilising money in smart ways can help you go further. You should analyse your expenses to unveil the opportunity to save money.
If you spend less money than what you earn, the scope to save money is good. However, when you spend exceeding your income, it will lay the foundation for debts. Then, your steps to reach financial freedom should align with your situation.
2. Identify your goals
You cannot leave behind your financial goals to chase financial freedom. Furthermore, you cannot be financially free without looking after your goals. Now, do not compare or copy goals from others.
Your financial situation will be unique. Thus, this should have a different treatment from your end.
3. Acquire budgeting skills
The disparity between income and expenditure can be settled with the help of budget. You will get the reality check if there is irregularity in your spending behaviour. Spot the loopholes and rectify them with the help of budgeting.
Besides, you can alter and upgrade budget depending on your changing financial situation.
The bottom line
You can buy luxury with money but peace of mind is out of the league without financial freedom. The assurance that you can repay same day loans in the UK without any exertion comes with financial stability. Now, even if you earn well, you cannot become financially free without planning.
Thus, despite steady earnings, you might fail to pay back loans within a given duration. On the other hand, you might withdraw a small amount as your salary but can be super disciplined in terms of money. Getting through any tough financial call will be easy for you.