Achieving financial freedom is a big goal, but a goal that can be achieved through consistent efforts over time. Becoming wealthy is possible with the right formula and process. In this post, you’ll learn about steps to financial freedom and financial success.

Are you looking to become financially free? Does financial freedom sound amazing to you? What if you could become financially free?

What if you could skip your commute and spend time with your friends or family uninterrupted all day? Wouldn’t that be fantastic?

Make no mistake, financial freedom is quite a lofty goal, but is possible. If you decide financial freedom is what you want, there are a number of personal finance habits you can cultivate to become wealthy.

If you want to become better with your personal finances, you’ll definitely want to read this post all the way through.

In this post, I’m going to share with you a seven step plan to get to financial independence – the ultimate personal finance goal.

First though, let’s talk about what financial freedom is and why becoming financially free should be a goal of yours.

What is Financial Freedom?

Before talking about the steps for achieving financial freedom, let’s talk about what financial freedom is and why you should care about financial freedom.

Financial freedom, or also known as financial independence, is the ability to do what you want with your time and energy without having to worry about money at all.

Being financially free could mean having enough money saved up in bank accounts and investments where you don’t need to work anymore.

Financial freedom could also mean owning a number of businesses which provide you with enough cash flow where you have your bills paid each month without having to work.

Becoming financially free is something everyone wants deep down (whether they consciously know it, or subconsciously know it), but not everyone knows how to get there, or knows why it would be empowering.

For me, financial freedom means being able to do what I want to do when I want to do it. No silly corporate meetings, no talking to pushy co-workers, no commutes – only working on hobbies and my passions.

What do you think? Wouldn’t it be great to be able to wake up each day and do what you are passionate about?

This is what financial freedom is all about. Now, let’s get on to the steps to financial freedom.

The 7 Steps to Financial Freedom

You may have heard of the seven steps to financial freedom before. Maybe you haven’t. There are two versions of the seven steps to financial freedom I’ve come across over the past few years.

One is by Dave Ramsey and the other is by Tony Robbins.

Dave Ramsey’s 7 Baby Steps to Financial Freedom

The first seven steps to financial freedom is from the one and only, Dave Ramsey.  Dave Ramsey, for those of you who don’t know, is a personal finance and money management expert with a radio show and many courses and workshops that help people get their finances in order.

Dave Ramsey’s 7 baby steps to financial freedom are:

* Baby Step 1 – Build a $1,000 emergency fund

* Baby Step 2 – Pay off all debt using the debt snowball

* Baby Step 3 – Save 3 to 6 months of expenses in savings

* Baby Step 4 – Invest 15% of household income into Roth IRAs and pre-tax retirement

* Baby Step 5 – College funding for children

* Baby Step 6 – Pay off home early

* Baby Step 7 – Build wealth and give

I like these, and completely agree that for most people, these steps are great for building wealth and reaching financial freedom.

If a person doesn’t have $1,000 in the bank,