It’s almost Independence Day, when we celebrate our liberties.
But there’s another freedom you’ll want to think of – and that’s financial freedom.
How can you achieve it?
There’s no shortcut.
You will need to save and invest throughout your career.
Put in as much as you can afford to your 401(k) and other investments.
And whenever you get a bonus or tax refund, try to invest some of it.
You should also consider what percentage of growth-oriented investments make sense to hold in your portfolio.
Here’s another step toward financial freedom: Reduce your debts as much as possible.
The less you owe, the more you can invest for your future.
You’ll also want to prepare for the unexpected.
If you were injured or became ill, and couldn’t work for a while, you might have to dip into your savings.
A financial professional can help you create a protection strategy.
It will take a concerted effort to reach your financial independence – but, like all freedoms, it offers immense benefits.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor John Dickerson. Member SIPC.
