Unravelling the Road-map to Financial Freedom: 15 Fruitful Tips

In a world where financial independence is a coveted aspiration, embarking on the journey towards achieving financial freedom is both a personal and strategic pursuit. The quest for financial freedom is not just about accumulating wealth; it involves cultivating a lifestyle where financial constraints do not dictate life choices.

Over the eras, as money has evolved with society, so have investment strategies. While new innovations are always on the rise in the financial domain, some ways to financial freedom are always golden. Here are some of the best financial freedom strategies you can start implementing now:

15 Tried-and-Tested Strategies for Financial Liberation

There are many ways to achieve financial freedom. Every person has their own goals and aspirations in life, along with varied capabilities and interests. While the investment strategies listed below will help you plan and perform better financially, it is upon you to decide which suit you best and which are not your cup of tea. 

1. Dream Big, Plan Bigger

Envision your financial future by setting clear short-term milestones and long-term aspirations. This roadmap becomes your compass on the journey to financial independence, keeping you inspired and on track.

2. Budgeting Bliss

Craft a budget that’s not just a list of numbers but a roadmap for your financial success. Regularly revisit and fine-tune it, turning budgeting into a habit that empowers rather than restricts.

3. Live Large on Less

Make the mantra ‘spend less than you earn’ your financial gospel. This frugal lifestyle not only fuels savings and investments but also transforms your relationship with money, making financial freedom a tangible reality.

4. Cushion for the Unexpected

Create a financial safety net, like a comforting cushion for life’s unexpected somersaults. Accumulate three to six months’ living expenses in an emergency fund, and you’ll navigate life’s twists and turns with more confidence.

5. Debt-Free Dreams

Crush high-interest debt with determination. The faster you eliminate it, the more room you create for your money to work for you instead of against you.

6. Diversification is liberation

Play the financial markets like a maestro. Diversify your investment portfolio, choosing assets that dance in harmony with your financial goals. The key is to make your money work as hard as you do.

7. Retirement, Ripe and Ready

Make your employer’s retirement plan your financial ally. Maximise contributions, especially if your employer sweetens the deal with matching funds. It’s a journey towards financial bliss that’s both smart and strategic.

8. The Wisdom in Knowledge

Embarking on a journey to financial mastery requires becoming a connoisseur of personal finance. Someone who stays informed reads voraciously, attends financial workshops, and engages in conversations with experts. Knowledge becomes your currency and armed with it, you can make decisions that aren’t just smart but also wise.

9. Hustle for the Hustle

In your journey towards financial growth, a side business or freelance hustle can be your turbocharger. It’s not just about the extra income; it’s the propulsion that propels you faster towards financial freedom. This hustle is your personal engine of wealth creation, allowing you to leverage your skills and passions into monetary gains.

10. Real Estate, Your Financial Haven

Step into the world of real estate, a diversified fortress where wealth is not just created but fortified. Real estate allows you to invest in a tangible asset that can generate passive income. Whether it’s rental income or the potential for appreciation over time, real estate adds a robust layer to your financial journey.

11. Goals: The Ever-Evolving Story

Life changes, and so should your financial goals. Regularly reassess and tweak your financial plan to reflect your evolving priorities and life circumstances.  This ongoing evolution ensures that your financial journey is not a rigid path but a flexible and responsive adventure tailored to your ever-changing priorities and circumstances.

12. Trimming the Excess

Just as decluttering your living space creates room for clarity, trimming excess expenses declutters your financial life. Identify and cut out unnecessary expenditures, no matter how small. It’s not about deprivation but about redirecting resources toward your financial goals.

13. Negotiate and Navigate

Every purchase is a negotiation, and every negotiation is a financial decision. Be a savvy negotiator and a mindful shopper, prioritising value and quality over impulsive choices. This dance of financial savvy not only saves money but ensures that every expense aligns with your overall financial strategy.

14. The Delight of Multiple Income Streams

Life is a symphony, and your income streams should be a harmonious orchestra. Don’t limit yourself to playing one note. Create a symphony with multiple income streams—whether it’s dividends, royalties, or returns on investments. This diversified approach not only adds layers of financial stability but also provides a safety net during economic variations.

15. Prepare for Rainy Days

When it comes to personal finance, being financially prepared for rainy days is crucial. Just as an umbrella shields you from the rain, a robust financial plan provides protection when unforeseen challenges arise. This plan is made complete with the appropriate insurance and contingency funds that can help you sustain for at least 2 months without any income.


Remember, achieving financial freedom is a journey, not a destination. It requires commitment, discipline, and adaptability. Master these strategies to make gains that suit your unique circumstances, and gradually, you’ll find yourself on the path to financial independence. Are you ready to take control of your financial destiny? Visit Finnable today for expert guidance on personal loans, comprehensive resources, and more blogs on achieving financial freedom. Start your journey to financial empowerment today.


Frequently Asked Questions (FAQs):

Finnable has set a required minimum age for personal loan of 21 years for individuals to be eligible for a personal loan. This ensures that applicants have reached legal adulthood and are capable of entering into a financial agreement.

Yes, Finnable understands the financial needs of young borrowers and offers personalised loan options tailored to their specific requirements. Whether it's financing higher education, purchasing essential items, or starting a business venture, Finnable provides support to young individuals seeking financial assistance.

Borrowers nearing retirement may have unique financial needs, such as retirement planning, medical expenses, or supporting their children's education. Finnable offers personalised loan solutions that consider the specific circumstances of pre-retirement individuals, helping them meet their financial goals.

Unfortunately, no. Finnable does not, at the moment, offer any loans to senior citizens. Currently, 60 is the maximum age for personal loans set by Finnable

Other than personal loan age limits, Finnable considers various other factors for determining loan eligibility. These factors may include the applicant's income, credit score, repayment capacity, and employment stability. By assessing these aspects comprehensively, Finnable ensures that borrowers across different age groups can access the loan products that best suit their financial needs. 


Amit Arora

I am a seasoned retail banker with over 21 years of global experience across business, risk and digital. In my last assignment as Global Head Digital Capabilities, I drove the largest change initiative in the bank to deliver the end-to-end digital program with over US$1 billion in planned investment. Prior to that, as COO for Group Retail Products & Digital, I implemented a risk management framework for retail banking across the group.
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