3 Principles You Need to Apply to your Life to Discover Financial Freedom | MyBJsWholesale (2024)

Today I wanted to share with you an article from The Frugal Farm Girl.Comments greatly appreciated!

Have you ever heard the saying “Living the American Dream?” Of course you have. It’s what everyone says when they view you as being financially set. We don’t need to go into all the details of how so many of us are truly living the American Dream ,when we take a closer look at those living in other countries, but let’s talk about the three p’s for us Americans to be successful.

Wait, successful? Does success to you mean being financially rich? The rich with money and not with love? See I believe that once we define what success looks like to us, we are one step closer to figuring out exactly what we need.

Inspiration strikes lately down my newish country roads.It happens whenmy kids are quiet in the back seat or I am alone and jamming out to my music. Something about being out in the country seeing farm field after farm field, you feel more connected to the earth, to the one who created for your eyes to blink with astonishment.

I kept reflecting back on the past 5 years the number of changes we have gone through and how God has blessed us with financial peace. Be on guard if you are feeling financial peace for the enemy to throw a fiery arrow of guilt. In those moments when my armor is on I smile and say ” You are right Lord, we have worked hard and continue to work hard to be where we are today.”

Then reflecting on this it hit me. The Three Ps of Financial security. Financial Success.

Really peace with your finances is what you need right? It’s something we all need my dear.

Here we go.

Here are your Three P’s ( Principles) towards Financial Freedom

Perspective.

Perspective is a word when you hear it you instantly say “YES, perspective changes everything.” I feel it’s how we all read about the damaging effects of social media and being on screens all day long and we say we spend too much time online, and then after we are done with the conversation or reading it online we immediately continue in the ways of being on a screen 24/7.

If you want your financial situation to change you need to change your perspective. Here are both definitions of the word.

Perspective:

the art of drawing solid objects on a two-dimensional surface so as to give the right impression of their height, width, depth, and position in relation to each other when viewed from a particular point.

a particular attitude toward or way of regarding something; a point of view.

Let’s look at the first one. Give the right impression catches my attention. We need to look at all angles of our situation and the right impression is truth. We need to make a list of the facts and the emotions. When you need to change perspective you need to Leave Out the Emotions. How do you do that? You line it up with truth. You bring the facts under the microscope of the word of God and fact check it with prayer.

The second definition talks about attitude. Oh attitude can ruin so many things. Where does attitude stem from? Emotions. The dangerous part about being in the wrong perspective is the door of the enemy has you walking into a room of bad behavior. The wrong attitude will capture your mind into deception. Resulting in actions you take that have serious consequences.

Change your perspective. Start with a list every day of things to be thankful for. Start small. For me everytime I look for smaller my heart sees gratitude more quickly.

Planning

My parents live 12 hours away. It’s been like that for the past 11 years. My story as a kid is one for a novel. They moved when I started college. Funds were tight for both sides so visits were just a few times a year. When they came I was so excited to have them there I had to make a plan. I couldn’t not have them come and not have a PLAN. I saw from my college roommates how much time got wasted sitting around passing the question back and forth of “What do you want to do?”

See I knew my time with my parents was limited. It was short and special. I refused to waste time sitting around wondering what we should do. I even take it a step further now and plan every meal and pencil in a time for a night out.

Planning allows you to reflect and to pray and seek the path that God already laid out for you. All successful business owners have a business plan. The word that is pretty much attached to planning is goals. I’m not sure why we as a culture have steered away from goal setting but now is the time my friend. Write down those goals. Make a plan to get there and close the door of the enemy telling you-you aren’t good enough.

Because when we take the time to plan and we line it up with God’s truth and we ask him about it the gift of the Holy Spirit he equipped us with is going to let you know if that’s the right plan. If you aren’t hearing God say yes, don’t rush. Wait, and pray. When it’s right the signs will be there.

When you have a plan in place that you know God is saying YES, your confidence builds. When your confidence builds you can crush the enemy whose only purpose is to keep you locked down in misery, alone, and as far from God as possible.

Get your plan.

Patience

If you have a plan and you know that God has called you to this plan, but the next step hasn’t come, do you just give up and say this isn’t it? Or do you wait on the Lord?

“Let us hold unswervingly to the hope we profess, for he who promised is faithful ( Heb. 10:23, NIV)

Let me share this with you. I knew the door was closing to a previous blog of mine. I knew I was supposed to write more. I bought a few different domain names because I thought that was the right answer.

I missed the whole planning and patience on that one. But I felt uneasy in my soul. A month passed and the desire to start something new was still there, and the name the Frugal Farm Girl just came.

It felt right. This time I prayed about it and asked others to pray with me.

But it has taken months to get to this point. And in those months the enemy has attacked hard. This post is just as much for me as it is for you.

I have been patient. I have been willing to change things if the decisions I made I thought were God but were not. In that patience, you are able to see the true purpose God has for you and the best way for you to experience it.

Because, all in all, You Make the Difference. You Matter. If you can get these three little P words down you are going to be on a path of financial peace. You will be trusting in God and not in your enemy.

So what is your perspective today? Can it be changed to something more positive more joyful?

What is your plan today, in a year, 10 years?

Will you exercise patience in the plan?

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3 Principles You Need to Apply to your Life to Discover Financial Freedom | MyBJsWholesale (2024)

FAQs

What are the three pillars of financial freedom? ›

The 3 Pillars: Everyday Money Management — Saving, Spending and Investing.

What is the principle of financial freedom? ›

Key Takeaways. Set life goals—big and small, financial and lifestyle—and create a blueprint for achieving those goals. Make a budget to cover all your financial needs and stick to it. Pay off credit cards in full, carry as little debt as possible, and keep an eye on your credit score.

What are the 4 principles of personal finance? ›

It is important to be prepared for what to expect when it comes to the four principles of finance: income, savings, spending and investment. "Following these core principles of personal finance can help you maintain your finances at a healthy level".

What are the 5 strategies to ensure you reach financial freedom? ›

In order to achieve financial freedom, it is best to break down the tasks into smaller steps:
  • 1) Define your personal financial freedom goal. ...
  • 2) Create an emergency savings fund. ...
  • 3) Pay down credit card and other debt. ...
  • 4) Pay yourself first. ...
  • 5) Create and maintain a workable budget.

What are the 3 pillars of freedom? ›

The theory of the "Three Pillars of Freedom" presents an compelling framework for analyzing the longevity and stability of civilization state or a nation.
  • Food Independence: “Food is national security. ...
  • Energy Independence: ...
  • Technology Independence:
Apr 10, 2024

What are the three stages of financial freedom? ›

There are 3 main stages along your journey: financial security, financial independence, and financial freedom. Let's talk about each of these stages, exploring their nuances to guide you on your journey toward financial bliss. Are you financially secure?

What is the 4 rule for financial freedom? ›

Key Takeaways. The 4% rule says people should withdraw 4% of their retirement funds in the first year after retiring and take that dollar amount, adjusted for inflation, every year after.

What is the basic principle of freedom? ›

To summarize, the freedom principle requires that there be no restrictions that prohibit an agent from saying what he wants to say (although the principle would allow for re- strictions on where and when he can say it). Hence the freedom principle requires respect for the right of freedom of expression.

What is the financial freedom of life? ›

Financial freedom is attainable with proper planning, disciplined saving and investing, and a focus on long-term goals. By following the strategies outlined in this article, you can gain control over your finances, eliminate debt, build wealth, and ultimately achieve the freedom to live life on your own terms.

What are the 3 personal finance strategies? ›

Three primary categories are the foundation of personal finance: income, spending, and saving. Simple strategies include: budgeting expenses. creating an emergency fund.

What are the six principles of finance explain? ›

There are six basic principles of finance: 1) the principle of risk and return ties higher risk to higher potential returns, 2) the time value of money principle recognizes money loses value over time, 3) the cash flow principle prefers earlier cash flows to later ones, 4) the profitability and liquidity principle ...

What is the first principle of personal finance? ›

1. Spend less than you earn. This first principle is by far the most important. The only way you can be successful is by having more income than expenses every month.

What are the 5 pillars of financial freedom? ›

The five pillars of financial planning—investments, income planning, insurance, tax planning, and estate planning— are a simple but comprehensive approach to financial planning.

What are 10 steps to financial freedom? ›

10 Steps to Financial Independence
  • Step 1: Understand Your Financial Goals. ...
  • Step 2: Create a Budget. ...
  • Step 3: Build an Emergency Fund. ...
  • Step 4: Make A Plan to Pay Off Your Debt. ...
  • Step 5: Invest Wisely. ...
  • Step 6: Take Opportunities to Increase Your Income. ...
  • Step 7: Automate Your Savings. ...
  • Step 8: Stay Disciplined.
Oct 25, 2023

What are the 7 levels of financial freedom? ›

The Seven levels of Retiring Early with FIRE
  • Level 1: Clarity. It's important to know where to start. ...
  • Level 2: Self-Sufficiency. Stand on your own two feet financially. ...
  • Level 3: Breathing Room. ...
  • Level 4: Stability. ...
  • Level 5: Flexibility. ...
  • Level 6: Financial Independence. ...
  • Level 7: Abundant Wealth.

What are the three major pillars of the financial sector? ›

banks, the goods market, and the labor market. foreign exchange market, the bond market, and the government. The three major pillars of the financial sector are the: stock market, the labor market, and the bond market.

What are the three pillars of financial regulation? ›

The Basel Accords are a set of regulatory standards established by an agreement between central banks and financial regulators. The Basel II Accord intended to protect the banking system with a three-pillared approach: minimum capital requirements, supervisory review and enhanced market discipline.

What are the three pillars of financial management? ›

The three core pillars of finance management are Capital Management, Month-end Reporting, and Cost Management.

What are the three elements of freedom? ›

They are autonomy, competence, and relatedness. If you can gain autonomy, you give yourself far more freedom to pursue competence and relatedness.

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