What does financial freedom mean in your life?

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Everyone wants a sense of security. A chance to make plans. A little breathing room.

That’s what financial freedom is about. Not necessarily luxury or early retirement, just the freedom to make everyday decisions without fear.

Whether it’s fixing the car, saving for your child’s future, or finally starting your own business, financial freedom means having options and knowing you can handle what’s next.

At Prosperity Now, we believe financial freedom should be possible for more people, not just a few. And we work every day to help families, entrepreneurs, and communities get closer to that goal.

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What Does Financial Freedom Look Like?

Everyone defines it differently:  

For some, it’s owning a home.
For others, it’s paying off debt or building a savings cushion.
For parents, it may be affording childcare without falling behind on bills.

Author JL Collins put it this way: financial freedom is “about reclaiming time, reducing fear, and living with purpose.” That resonates with many people. But for the families we hear from every day, it starts with something even simpler: having options. Having control. And knowing that one emergency won’t set everything back.

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Where Do People Stand Today?

The numbers tell a clear story:  

• 61% of Americans live paycheck to paycheck, and fewer than half of U.S. adults have enough savings to cover three months of expenses.

• Only 63% of adults say they could handle a $400 emergency.  

• Nearly 1 in 5 working parents worry they’ll lose pay if childcare falls through. For lower-income parents, nearly half say they worry about missing work or even losing their job.

• Homeownership remains out of reach, with homebuyers in 30 states and District of Columbia needing a six-figure household income to afford the typical home in their area.  

These challenges don’t reflect a lack of effort. They reflect the reality that many people are navigating high costs, tight margins, and limited financial options.

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What It Looks Like in Everyday Life

When we talk with people across the country, financial freedom doesn’t sound like a dream. It sounds like:

• Filing taxes without fear and getting a refund that helps you catch up

• Fixing the car without falling behind on rent

• Saving $20 a month and seeing your balance grow

• Getting a small business loan from someone who sees your potential

• Finally buying your first home, even if it’s not your forever home

These moments are real, and they matter. They build the foundation for long-term financial health.

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What Makes It Possible?

At Prosperity Now, we focus on practical tools and support that help people move forward on their terms:

• No cost, trusted tax assistance through programs like VITA, helping households claim every dollar they’re eligible for.

• Technology and tools for small business owners to access fair financing, manage cash flow, and grow.

• Pathways to homeownership that reflect today’s economy, supporting first-time homebuyers and nontraditional earners.

• Resources for parents and caregivers to plan, save, and support their families with confidence.

These aren’t quick fixes. They’re part of a long game, one that helps people build financial security, step by step.  

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You can take the next step by joining the programs and networks working toward financial freedom for everyone.  

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What Does Financial Freedom Mean to You? Is it something you’ve built? Something you’re still working toward? Something you want for your community?

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We’d love to hear your story.

Visit storiesofprosperity.org and tell us what financial freedom looks like in your life.

Sharing what financial freedom means to you brings the conversation back to community, where real progress begins.  

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