Financial Freedom is Not About Luck image

Financial Freedom is Not About Luck

Prince Charming, Leprechauns and The Government are Not Going to Save You

Whether you’re Irish or not, you may be celebrating St. Patrick’s Day this Saturday and wishing for some luck. But if you are waiting for a leprechaun or a four-leaf clover to help you achieve financial freedom, you’ve probably had too much green beer.

According to Merriam Webster’s Dictionary, the definition of luck is:

a : a force that brings good fortune or adversity
b : the events or circumstances that operate for or against an individual”

Well, guess what?

When it comes to financial freedom, or any kind of success for that matter, the one force that brings good fortune is you.

Many women count on marrying rich to be financially-free such as Eddie Murphy’s ex-wife and Anna Nichole Smith who married an oil-mogul 62-years her senior. Others hope to win the lottery like Amanda Clayton, the woman in Michigan who continued to collect food stamps even though she won a million dollars in the lottery (many of you commented on her in my last, financial freedom blog entry).

These news stories can make you think it’s possible to get rich with a little luck, but don’t ignore the truth behind these fairytales. After all, Anna Nicole Smith’s life did not have a happy ending, Eddie Murphy’s wife lost all her money, and people were so angry at Amanda Clayton for continuing to receive food stamps that she received a lot of negative buzz online and Michigan authorities took away her food stamp privileges. Plus, Amanda used her winnings to immediately buy a new car and a new home to live in - liabilities that will take cash out of her pocket.

Relying on others is not the way to become financially-free. And it’s certainly not what the founders of International Women’s Day had in mind when they created the holiday we celebrated last week.

Come on, ladies –It’s Rising Time!

Are you hoping that Prince Charming or that winning lottery ticket will show up some day? Even worse, are you ignoring your financial situation and your future?

Wake up Sleeping Beauty!

Remember, “luck” and “hope” are four-letter words. It’s time to stop hoping and start doing… so instead of thinking of a four-leaf clover this week, think of a triangle - the Triple-A Triangle™ of Aspire, Acquire and Apply.

You do not need money or luck to change your life. You need a goal, the financial education to make it happen, and most important, to take action on what you learn.

Yes, it’s much harder than accepting entitlements from the government and others.

Yes, it takes time, effort and sacrifice.

Yes, it’s scary.

But you owe it to yourself to create the best life possible for you and prepare for the future.

Poverty is Knocking at Your Door.

Currently, approximately 25 million women in the U.S. live below the poverty line. And if you are living from paycheck to paycheck, you are not that far away from losing your house, all your possessions and your dignity.

It just takes an unexpected job loss, extensive medical bills or another emergency to wipe out your savings and everything you have. (I should know. Robert and I lived in our car for a short period when we lost everything starting a new business, and it was one of the worst times in my life!)

What will you do?

Wouldn’t it be nice to reduce the stress you feel about money and your future? Take control of your situation and begin your journey to financial freedom. Start with baby steps and find supportive people to help you. Get a financial education and take action.

Once you stop relying on others and learn how to make your financial dreams a reality, you will be a more powerful, successful woman living the life you’ve always wanted. And isn’t that much better than searching for a pot of gold at the end of the rainbow?

Happy St. Patrick’s Day!

What one thing are you going to do for St. Patrick’s Day to increase your financial education?

For help getting started on your path to financial freedom, check out our free, financial education resources here.

Original publish date: March 15, 2012