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

First, define your wealth targets—short-term, like funding a trip, and big-picture, like buying a house or retiring early. With these targets in mind, build an financial safety net with three to six months’ worth of essential costs. This buffer is your foundation toward security.

Next, tackle high-interest debt. Student loans and revolving credit often 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 long-term savings, begin now! The magic of compounding is incredible. Even modest deposits in your early career can accumulate into a substantial nest egg by your retirement years.

Finally, expand your revenue channels. Whether it’s offering services, building a portfolio, or creating a side hustle, earning from different avenues shield you finance skills against financial challenges.

By following these 5 strategies, you’ll set yourself on a solid path to financial freedom and a future full of opportunities.