5 Ways your Journey to Financial Freedom can Feel Like the Road Trip from Hell

What if you could treat your journey to financial freedom like a road trip? When you show up prepared, it could be the most awesome road trip of your life. But if your mission is financial freedom, and you go in without a plan, it could be a disaster. Here are five ways your journey to financial freedom could start looking like the road trip from hell.

There’s no secret to financial freedom. You reach it by growing your income, cutting your expenses, and saving and investing the difference. You can treat it like a race and grow that gap between income and expenses as fast as you can. But if you do, you might just burn out. You see, financial freedom isn’t all about sacrifices. Don’t fly by all the rest stops or you’ll burn out on your mission.

Sure, you can hop in your car and drive wherever the wind takes you. That might be a blast. But you might not be so pleased with your random destination. What if you arrive and there’s not a thing to do? When you’re striving toward financial freedom, you need a destination in mind. It might be a little unclear, but think about how you’d like to spend your days when you have the freedom to make choices. Maybe you’d like to take a year off and travel the world? Or leave the company and create your own start-up? Or spend your days relaxing at the beach while volunteering for causes that are important to you.

You’ve got your destination dialed in, and you’ve started your drive. But you lose your way. Let’s say there’s an emergency up ahead, and you detour off the highway. Now that you’re on the backroads, your trusty GPS loses signal. And you’re kicking yourself for never learning how to read a road map. So you keep driving, even though a bit of panic sets in. The journey to financial freedom isn’t a straight line. Emergencies and unexpected events can detour your route. You have to be resourceful and learn how to navigate. Learn how to read the map. That’s your backup plan.

Road trips can bring out the best — and worst — in people. You thought your friend would be a great road trip companion and you trusted her. But then she stranded you at the side of the road. Similarly, when you’re on your journey to financial freedom, you have to learn who you can trust, and who you can’t. The people you hang around with will either help you on your journey, or get in your way.

If you’re not checking your fuel gauge and estimating how many more miles you can drive with what’s left in the tank, you might just find yourself parked along the side of a remote highway, waiting for help. When you’re on your journey to financial freedom, you’ve got to track your numbers and make some projections. Your budget is like your fuel tank. You want to keep monitoring it. Don’t let it run out of fuel.

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