By Ben Gran, Forbes Advisor
The Fourth of July is an occasion to celebrate America’s independence and the freedoms that we enjoy as citizens of this country. But in the “land of the free and the home of the brace,” many Americans are struggling from a lack of financial freedom, and suffering from the fear and anxiety of not having enough financial security.
What if this holiday could become a new occasion for people to declare their own independence and achieve a new birth of financial freedom?
Even before the COVID-198 crisis, in a 2019 AARP study, 53% of adults responded that their households did not have an emergency savings account. Many other Americans are struggling with high-interest credit card debt.
Still others, who may appear to be doing fine from the outside, with steady employment and comfortable homes, get trapped in a cycle of consumerism. Those trapped in this cycle may feel that they can never get ahead or pause to rest because they need to work long hours to pay for the financial life they’ve chosen to build.
While the COVID-19 crisis may not end anytime soon, many Americans may be feeling extra motivated to take a new look at their personal finances. After the months of stay-at-home orders and other restrictions, what does financial freedom meant to you, and how can you accomplish it in your life?
For this Independence Day 2021, click here for five steps to financial freedom that you can take, starting today.
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