5 Don’ts For Financial Freedom

Financial Freedom – What Is It?

Freedom in Less

Most people have a fairly good idea of what financial freedom means to them. For some it is simply having no bill collectors calling them. Or maybe a little money in a savings account. Others might define it as simply being rich. Having more money than you could ever spend in a lifetime. My definition tends to fall in the middle: As having the attitude and resources to live abundantly in each stage of life, free of worry, to completely live out the full purpose of one’s life. In any case, just about any definition of financial freedom tends to focus on what we DO want (money, time, savings, etc) to eliminate what we DON’T want (worry, anxiety, debt, etc).

Let’s take a step back and focus on the underpinnings of financial freedom. That is, the attitudes and mindset in order to attain the freedom and then maintain it. There are two main attitudes, I believe, that allow us to become financially free: Gratitude and Contentment. Gratitude allows us to appreciate what we have and stay away from focusing on what we don’t have. Contentment allows us to have peace in our current situation, whatever the circumstances.

How Do I Get This Gratitude And Contentment?

Gratitude and contentment come with a pretty clear set of DON’Ts that go a long way in allowing us to obtain and maintain a basis for financial freedom. So, with no further ado, here are five don’ts for financial freedom:


  • Don’t let things you own define you

Your car doesn’t define you. Your bank account doesn’t define you. Nor your home, your toys or your barbecue grill. Your stuff doesn’t define you and neither does your neighbor’s define them. When we look at our stuff to define us it quickly leads us to comparison. Comparison steals joy and peace and definitely steals contentment.

  • Don’t let fear rule you. 

When it comes to our finances, fear makes us defensive, negative and “playing not to lose”. The result is worry and anxiety, neither of which bring about the feeling of freedom. When we experience fear, we lose our gratitude for what we have and the blessing that it is,  and instead, focus on the potential of losing it.

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  • Don’t focus on scarcity, focus on abundance

Fear focuses on scarcity, or the sense that there is not enough (money, peace, possessions, etc). Gratitude focuses on the abundance we have in our lives, however little we may have.   Gratitude is thankful for what you have/had, fear focuses on the loss or lack of it.

  • Don’t view success as keeping things the same. Change is constant

Accept the fact that things change over time. If you view success as keeping things always the same, you will eventually be disappointed. Accept that change is constant and inevitable. Here’s a thought process I use to stay grateful: When things change, I give thanks for the opportunities or experiences that I had instead of focus on the loss when it changes. I had a sportswear for 7 years and drove it everyday, but one day, I had to sell it. I gave thanks for the seven years of fun, not on the fact that I no longer had my dream car.


  • Don’t strive for comfort, strive for freedom

Robert Arnott is quoted as saying: “In investing, what is comfortable is rarely profitable.” Comfort is rarely profitable and can limit personal growth. Many times when we are comfortable, our gratitude slips away. Instead, strive for freedom in your finances, which does require some risk (investment) that builds the wealth that provides the freedom.


Having an attitude of gratitude and contentment is the foundation of living financially free. Yes, we need to save money for future needs, eliminate our debt and live within a balanced budget. These actions are fundamental to financial freedom. But unless we are grateful for everything we have or experience, and content with where we are in our lives and who we are, we will never truly experience freedom from money worries, fear of unpreparedness or comparison with our neighbors. When we are financially free, our options open up and our dreams can become realities. The interesting thing about having an attitude of gratitude and contentment is that once you have them, material things and your circumstances matter far less and that magnifies your financial freedom even more.

Financial freedom: It’s not easy, but it is worth it!

Want more help on your way to financial freedom? Dave Ramsey’s The Total Money Makeover can help. Click on the link and SAVE!

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness

2 thoughts on “5 Don’ts For Financial Freedom

  1. It’s so funny that many FIRE folks transition from keeping up with the Joneses and drowning in debt to competing over degrees of frugality. It sounds like you’ve found the happy medium. It’s so wonderful that, at least in the US, individuals have a choice over most of these actions.

    Liked by 1 person

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