This is one of the questions many are not asking or are not asking correctly, many I have seen and spoken to know they want more money, are tired of their 9 to 5 but cannot quit, some want to start a business or want to stop working and travel the world, but do not know when this would happen let alone how to make this happen.

This topic would help you address that question but with questions only you can answer. Here are the 5 solid questions to answer and you need to take your time ponder over it for days, discuss with your family if you have one, they are not easy to answer and no one answer fits all, as every individual stage in life differs.

1: Time to Freedom; How old are you now and when do you think you want to stop working?

2: My life now; Where are you currently with your financial knowledge? Do you consider yourself knowledgeable enough to know where you should be investing? Do you know your networth? (total assets minus total debt), how much am I earning now? If I don’t work again how long can I live before I go broke and need to work to earn some money?

3: My life then; What lifestyle do you want to live after you stop working? Where do you want to live? A man with £100,000 asset living in the United Kingdom may not be financially free but may be living in Georgia, Montenegro, Tanzania with same amount and be financially free.

4: Cash is king; How much would I need to sustain myself and how long would it last me? If you can address 1 to 3 above with clarity, you are close to being financially free.

5: Start the Journey; How do I get there? What vehicle do I need? Again this is subjective and not one advice would fit all, individual case differs. Advice for a man/lady starting out life at 25 would differ from a man/lady above 40yrs old who is just considering these questions. And a teenager who is opportune to investing early in life. It’s a different journey, risk appetite, but same path and destination.

The path to financial freedom is easy and an individual responsibility, it doesn’t matter where you are in life, if you are a business owner, or doing 9 to 5 you can end well and fulfilled that you made the right choice, it requires planning, discipline and being accountable. Speak to a financial adviser today.