Achieving financial freedom as a new career starter is within reach, and it starts with focus and determination.

First, set your financial goals—near-term, like planning a getaway, and long-term, like buying a house or early retirement. With these targets in mind, create an financial safety net with three to six months’ worth of essential costs. This financial cushion is your foundation toward freedom.

Next, tackle high-interest debt. Education debt and revolving credit often manage finances come with high APR charges, which consume your cash flow. Dedicate yourself to paying these off aggressively while maintaining regular contributions to your retirement account. Speaking of retirement, start early! The magic of compounding is incredible. Even modest deposits in your early career can grow into a substantial nest egg by your retirement years.

Finally, broaden your earnings sources. Whether it’s taking on side gigs, putting money to work, or launching a small venture, having varied revenue streams protect you against financial challenges.

By implementing these five steps, you’ll set yourself on a clear road to economic autonomy and a world of potential.