Working Women Money Management

Photo credit to Day to Day Finance

When you think of life after money, what comes to mind?

You might imagine living your life free from the boundaries of worrying about money.

You may imagine planning for life after your income runs dry – either due to retirement or other events.

Finally, you might imagine what life means to you beyond chasing money day-to-day under your current circumstances.

Whatever comes to mind, the point is generally the same: what is your purpose in life beyond acquiring wealth and how can you get to this point?

If you’re already wondering how to become independently wealthy, you’re on the right track.

What Does Life After Money Mean to You?

When thinking about what life means to you beyond money, you’ll need to take a long hard look at your values.

Let’s say that tomorrow, you no longer needed to get up and go to work. Provided your basic needs are met, what would you do?

At first, you would probably lounge around on the couch, catch up on T.V. shows, and just go about doing whatever you please. But this gets boring: you can only do nothing for so long before it starts getting to you.

What would you do then?

What is important to you and how would you spend your time? This could look like anything from caring for your family or animals to creating artwork and taking care of the less fortunate.

That’s what life after money looks like: it’s what gives your life purpose.

Working Women Money Management

Photo credit to Time

How to Become Independently Wealthy and Take Control

For many people, life after money is scary. One day, most of the world will have to live without money because they have to stop working for whatever reason.

These people will either do okay because they planned for this, or they will struggle.

Becoming independently wealthy can make all the difference in the world. In fact, this strategy can free you from chasing wages and relying on outside entities for your cash flow.

What does it mean to be “independently wealthy?”

This status would mean that you have enough money to survive and live within your means without any help from outside entities – including income and employment.

How Can You Make This Happen?

Instead of thinking about where your income is going to come from and how you will get by, think about how you’re already living.

No one wants to cut corners but it’s important to think long-term.

Many people live in neighborhoods with other folks who have roughly the same income levels. These people scrape by just enough each month to spend money on the newest and best cars, electronics, home décor, massages, and other items and services.

Look at how you live right now. Moving into a different neighborhood could drastically reduce your cost of living – possibly by over half. Property taxes are lower, goods and services cost less, gas is cheaper.

If you have the means to do so, moving is probably the best first step you could take to become independently wealthy.

After you’ve reduced your cost of living, you can develop a financial plan. You can work within your current income levels to plan for the future and invest.

The stock market is risky. Unless you have a bunch of money to throw around without worrying about the risk, you’re probably better off opening a business of your own. With your cost of living cut in half, you can do just that.

Planning for Your Future


Working Women Planning for Future

Photo credit to NPR

A financial planner probably won’t give you this type of advice. It’s kind of insulting for someone you’re paying to tell you “hey, you should move and open a business.”


A professional can, however, help you work with the money you already have.

If you’re willing to make big changes (not necessarily big risks), let them know. This could include selling assets and making investments you would have never considered on your own.


It’s extremely important to plan for the future if you want to become independently wealthy or just live your life after money in general. Some factors to consider include:

  • Your current net worth: Calculate our income, debts, and all types of assets including your home and other investments.
  • Your month-to-month cash flow: Plan a budget and stick to it.
  • Your long-term goals: What do you want to do with your savings? This may include just living without worrying about money, saving to move, or planning for retirement.
  • Come up with a strategy: Within your current means, what do you need to do to achieve these goals?
  • Track your progress: Has your income or financial status changed? Are you progressing towards your goals?

The hardest part is planning. Once you develop concrete goals and come up with a reasonable strategy, you can plan for a life beyond money.


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