The American Dream: Financial Independence: 3 Things You Can Do Right Now

As the fourth of July approaches and we all start thinking about celebrating the independence of our country, here at Kornerstone Credit we’re thinking about what the nation’s freedom allows you to do financially. The American Dream has always been financial independence. At Kornerstone we believe anyone and everyone can achieve that dream. With a little bit of work you can enjoy each step of the way as you strive toward financial independence. 

First, what does financial independence mean? At its most basic definition, financial independence is the ability to live life the way you want to, without worrying about if you have the money to do so. For some people maybe that means owning a home without a mortgage, for others it might be not having to worry about next month’s rent payment ever again. If you have high ambitions, maybe you need a yacht or two. It’s a pretty subjective achievement so you can decide for yourself at what point you consider yourself financially independent. 

For many of us, this idea seems far off, impossible even. Life happens and the world can get you down. If you’re reading this on our blog, chances are you’ve struggled to maintain a good credit score. You are probably trying to avoid high cost payday loans and find viable no-credit check options for the necessities of life. Struggling with bad credit makes it exceptionally difficult to achieve that American Dream.  But it is possible. It takes some hard work, determination, self-control, and, if we’re honest, a little bit of luck.  

Here are 3 things you can do right now to start on the path toward financial independence. 

1. Find a new job – Changing jobs is often the best way to get a significant pay raise. Forbes has multiple articles explaining how a job change gives you a chance to reevaluate your worth as an employee, and expect higher pay. People that change jobs every 2-5 years receive an average of 10-20% raise every time they change jobs.  
2. Consolidate your debts – and pay them off. Debt is going to be your biggest struggle against financial independence. Pay off your debts whenever you can. Consolidating them wisely can help you track and plan your debt better. 
3. Set a budget – With a well defined budget you can make small incomes work for you. Make sure you utilize every cent to your advantage. Check out our post Budgeting for Beginners to see how you can set up a budget that works for you. 

As we mentioned before, we know life happens. When unexpected expenses pop up, you might need to find a financing option. For people looking for no credit needed financing for furniture, tires, and more, Kornerstone can be a good option. 

At Kornerstone Credit we want to help people achieve their dreams. We provide a leasing option that costs a lot less than those high interest payday loans. Leasing options often work better than no credit check loans because you know your final price right up front. Your lease with Kornerstone Credit won’t accrue interest. We will give you a set amount to pay within 12 months and if you pay off early, we’ll even give you a discount. 

With Independence Day right around the corner, it’s time to start thinking about how you can live your life with more freedom – Financial freedom. 

Sources:  

https://www.forbes.com/sites/cameronkeng/2014/06/22/employees-that-stay-in-companies-longer-than-2-years-get-paid-50-less/#656dbf5ae07f 

https://www.forbes.com/sites/lizryan/2016/12/19/10-good-reasons-to-change-jobs-every-3-5-years/#6693253e777b