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5 Vital Steps To Financial Freedom

A 2011 study found that Americans are generally happy when they have a household income of $75,000 (and no happier, really, with more). Yet just because you reach that magic number doesn’t mean you are free from financial stress. On the contrary, as anyone who has ever had to pay student loans or credit card debt will tell you, financial freedom is hard to attain.

Stress can have countless negative effects on your health, including increased risk of heart attack and stroke. We also previously covered how stress can negatively impact your spacial awareness. Thankfully, there are plenty of ways to achieve financial freedom and reduce your health risks.

Here are five steps you can take to begin your journey:

These aren’t the only ways to achieve financial freedom, but they are a good start. Feel free to research even more ways to start your journey, including looking into alternative homes to save money on your bills.

Which steps will you take first to get on the road to financial freedom?

—Zach Halper

Zach Halper is a writer based in Brooklyn, NY. He graduated from Goucher College in Baltimore, Md., in 2009 with a BA in English. He previously worked for The NonProfit Times and Noodle Education.

Sources:
http://www.gallup.com/businessjournal/150671/Happiness-Is-Love-and-75K.aspx
http://www.apa.org/helpcenter/stress-body.aspx
http://www.getrichslowly.org/blog/2012/01/01/12-steps-to-financial-freedom-in-2012
http://www.interest.com/savings/news/5-steps-to-financial-independence
http://www.dummies.com/how-to/content/7-steps-to-financial-freedom.html
https://www.saveandinvest.org/military-everyday-finances/start-emergency-fund
http://money.usnews.com/money/blogs/planning-to-retire/2013/03/19/10-reasons-to-worry-about-your-retirement

 

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