Route to Financial Freedom

Everyone's route to Financial Freedom is different from one another. Some may achieve Financial Freedom earlier and some may achieve later. It does not matter when you achieve it but of course one will be happier if he or she achieve it earlier. What's more important is you achieve it and you can choose to lead the life you want after that.

Why I say everyone's route is different? One who is single is able to live his life simple and frugal if he wants it. One who is married and with children is unable to live his life so straightforward. He got to save up for marriage, housing, renovation, children and etc whereas one who is single the most only cares about housing and renovation. It is easier to achieve Financial Freedom if you are single as you decide what's life you want to lead. There is no right or wrong which route you take.

Of course there is pros and cons to be single or married with children. Being single, you can save majority of your salary and invest. Being married with children, you got to set aside a small portion of your salary for saving if you can. Sometime even no savings as circumstances do not allow you to do so. Example children fall sick suddenly, bring them out for dinner over the weekend, buy toys for them during festive season or their birthday and bring them for holiday. There are simply too many.

 

For me, I am married with 2 children. There is alot of commitment. To bring food on the table for the family. Pay for the child care fee and tutor fee, insurance coverage and medical bills, utility bills and the list goes on. But no matter how hard it is to save money, you still have to save up for rainy days and also for your retirement. Fortunately my wife is also working, so we can cover the expenses together. It will be very tough for the husband if the wife is not working in this era as inflation keep on going up, expenses also going up.

Eventually we can be Financial Freedom. But it will be later as compare with someone who is single. So we should not compare or envy someone who had achieve it earlier. There is more joy in life than to be Financial Freedom. Watching your children grow up, the fun and laughter together with them is priceless. Achieving Financial Freedom ultimately is to share the love and joy together as a family. Most importantly is to live life to the fullness and leave this place without regret. 

So what's your route to Financial Freedom? Can you share with me especially if you are married and with children? How can you cope with the rising living cost and still able to save money?