by Pervez Soomar
It is hard enough to pay for four years of school (probably more), but its even harder to live a financially free lifestyle while you are trying to make a huge difference by working for a nonprofit, teaching, coaching, or doing anything else that involves big sacrifices with little financial payoff. Simply put, a financial free lifestyle is being able to do the things you love without having to make major financial sacrifices. According to debt.org, the average student loan debt for a 2014 graduate was $33,000. That doesn’t sound like a lot for someone who lands an investment banking gig at Goldman Sachs right after graduating, but it is a lot for someone working at a local nonprofit for $30,000 per year. Working in the service sector has its ups and downs, but it is definitely possible to continue working and while being financially free.
Oddly enough, the most financially savvy people that I have met have been the people with the lowest salaries. These people have been able to figure out how to live without the things that cause clutter, and instead concentrate on things that bring happiness. These are also the same people that end up having much more money to spend on the things they love.
There are 3 simple strategies that you need to develop in order to make working for a cause easier on your wallet.Read more