Small signs that you've gained financial freedom

CEBU CITY, Philippines— What was your childhood dream every time you stepped inside the mall or grocery store?

For most of us, it would be just picking out whatever we want and need without checking the price tag, right?

To some, this may not be such a dream, but for others it’s something that has kept them going for years and enduring their 9-5’s.

READ: Financial literacy: How to talk about money with your kids

READ: Revisiting my 5 (now 6) steps to financial freedom

Finances are always a favorite topic of discussion among peers and family, and to be financially free is something we all aspire to become.

Here’s how financial freedom can look:

You can quit your job without a backup plan

Instead of staying because you need the paycheck, you have enough savings or passive income to leave and look for a better opportunity.

An emergency is not a crisis anymore

When something out of the blue comes up, like medical bills, house or car repairs, you don’t need to look for someone to borrow some cash or use your credit card; you have it covered.

Your investments pay your bills

Money you’ve invested generates enough income to cover your monthly expenses.

You can take a break from work

You can just pack up and leave for a few weeks or even months to just relax and enjoy life away from work. You don’t need months of preparation to save up for a trip or months of paying vacation debts.

You buy things because you can afford them—not because of debt

You get to swipe your credit card confident enough that when the due date comes, you get to pay it all off. Or better yet, not use your credit card at all and pay spot cash, no need for loans too.

You have the freedom to choose the work you enjoy

You can prioritize meaningful or flexible work over the highest salary.

You can help others without hurting your finances

You can support your family or donate to causes you care about without putting yourself into debt.  When a friend calls for an extra hand, you won’t have to think of what you need to penny pinch on until that debt gets paid.

But also remember that financial freedom doesn’t happen overnight, and it doesn’t always require being rich.

It starts with small, consistent habits, like saving regularly, managing debt wisely, and planning for the future.