10 Ways to Become Financially Independent

After the 2008 economic crisis, many people assumed they would never be able to reach true financial independence – the ability to live comfortably off one’s savings and investments with no debt whatsoever.  However, individuals willing to use their time horizon to plan and adjust their spending, savings and investment behaviors might just find financial independence is possible. Here are 10 ideas to get started.

How long would it take you to earn an extra $1,000? Contrary to what spam and internet ads tell us, after taking taxes and deductions into account, it’s not an easy task. But you might be able to save over a thousand dollars with a little work. The key is to decrease or eliminate unnecessary recurring expenses.
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Stress can come from everywhere – career, school, family, relationships, health – and especially money.

The American Psychological Association (APA) recently reported that money remains the number one stressor for 72 percent of Americans. In fact, money has led the APA’s annual stress survey since its debut in 2007, the year before the financial crash that took the U.S. economy into its worst slump since the Great Depression.

Are you financially stressed? Here are 10 major signs of financial stress and ways to take action.
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On the hunt for a new apartment? A move can be an exciting opportunity to explore a new area or meet new people. However, competitive rental markets can make it difficult to find a desirable place on a budget.

Keep these ten tips in mind to manage the process like a pro. They’ll help you stand out from the crowd, get a good deal, enjoy the neighborhood and manage your rights and responsibilities as a renter.
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Food shopping can quickly take over your budget despite your best intentions. Perhaps it’s due to impulse purchases, unplanned shopping trips, food going bad or a combination of all three. If you’re looking for ways to save money while enjoying nutritious and delicious meals, consider these money-saving tactics.
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What would a sudden financial emergency be in your life? It could be a storm causing massive property damage to your home. It could also be something more personal, like an accident that would cut off your ability to make a living.

Whatever it is, if someone else had to step in to help you in an emergency situation, it’s important to have a plan in place so they know what to do.
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For the eighth consecutive year, the American Psychological Association (APA) identified money as the number one stress trigger, with 72 percent of Americans reporting stress about money and nearly 1 in 5 saying they had skipped or considered skipping going to the doctor due to financial concerns. As for relationships, almost one third of adults with partners reported that money is “a major source of conflict.”

The following are common money stresses, and tips to tackling them.
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