Freedom - what a beautiful concept. According to Webster’s Dictionary the word freedom means “Liberty of the person from slavery, detention, or oppression”; “the capacity to exercise choice, free will” as well as “exemption from an unpleasant or onerous condition”.Is that what you think of when you think of money and freedom in the same sentence? Ask most Americans and they’ll say that having “enough” money means freedom to them. Freedom from a boss, from debt, free to go where they want and do it when they want to.

If they did, wouldn’t they cut back their spending and utilize the unspent money in a wiser manner? A few dollars here and a few dollars there and it will all adds up over the course of a four decade long working career. If you saved $7 a week, placed it in an account earning 4-6% interest in 20 years you will have nearly $20,000. Who couldn’t use an extra $20,000 in the next two decades? Of course, the younger you are when you start saving the $7 a week, the more the money will grow by the time you need it.While we’re looking at their checkbook, how much do they give away for charity?

If you doubt me, try donating 5% of your income over the course of a year and see if you are any worse off after that year than you were before.Now take a look at the average Americans credit cards. Nearly 2/3 of us are in bondage to one or more credit card companies. Yes, I know that I said bondage and that is exactly what debt is - bondage.

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