If you want to gain independence and freedom from the daily pressure, all you have to do is be financially independent.
What is this supposed to mean?
Independent means you can survive without working and without borrowing money. You can do this if you have savings, if you have income generated from investments of all sorts and/or if your living expenses are non-existent.
Now check your bank account and see how far your savings can take you. Calculate the amount of money you need for your needs and see how far your existing savings can take you.
It is possible that you are in debt and you need a few years before you are able to pay it all off and before you can finally start your way towards independence. Up to now you didn’t see anything wrong with debt and if you did you were unable to do anything about it. The only thing you can do is pay it back as soon as you can, bit by bit, month by month.
Do you know what independence is? It is freedom.
Freedom to live wherever you want and not where work dictates you to. City people live in the city mostly because that’s where the work is. But the living conditions are not the most favourable and whatever they earn they have to spend mostly on elevated living expenses which is not fair. Especially when you studied to get where you are today and took study loans.
You are free to go after whatever job you want when you are not in debt.
The quickest solution to gaining financial independence and freedom is to get rid of debt. It used to be that many people were confident that if they couldn’t earn a respectable income and they faced financial difficulties then they could rely on their government to step in and take care of them in different forms of unemployment support and pension in older age. It turns out this isn’t always the case anymore and people search for alternative solutions elsewhere.
I can’t stress enough that living below your means and getting rid of debt is a great solution to great financial independence. Earning a big income is another one but that can come later. Right now you can only start in the now and with what you have.
In a nutshell, the farther your savings can take you, the better you can do in your financial life.