People dream of living a luxurious life; the house, the car, the holidays and all the other frills and glitter that goes along with it. Unfortunately, luxury often comes with a rather large price tag. If you are pining for the finer things in life, making these lifestyle changes will boost your financial freedom and help you get there much faster.

1. Multiple Income Channels

It is a common misconception that working a high-paying 9 to 5 job is how people successfully achieve their life of luxury, but this definitely isn’t the case. One source of income probably isn’t going to be able to get you to the heights of finer living that you are quite dreaming of. Instead, you need multiple channels of income. There are three different types of income and Tally’s guide fully explains each one. This is an app that pays off your credit card loans, so instead of racking up large fees and having to pay different cards at different times, you only pay Tally and their low-interest credit line; they definitely know a thing or two about money. And having more than one type of income will definitely get you that step closer to living in luxury.

2. Befriend Successful People

Everyone has heard the phrase it isn’t what you know, it’s who you know. And there is definitely some truth in it. If you surround yourself with people that have the lifestyle you are after, then you can learn from them and develop the habits and traits that got them to where they are now. Your community has such a huge influence on your mindset; if you spend your time with people that are unambitious, have settled for the life they have and aren’t willing to put in work to improve, their thoughts and feelings can begin to rub off on you and achieving your luxury life will be much harder. But if you surround yourself with people that are focused on growth, development and finer living, you will start to mirror this. Befriending successful people and getting tips and tricks off them personally about how they have achieved the lifestyle they have will put you on the right road to catch them up.

3. Saving and Investments

Everyone becomes so fixated on saving money that sometimes it feels like all we live for is saving for the next weeklong vacation and then going back to work to start again. This consistent cycle people find themselves in is not what luxury living is all about. In fact, it couldn’t be further from the life you are working towards. Instead, you want to create financial freedom, and this isn’t only done through utilizing different types of income, but also by making investments that are going to bring in more money in the long run. Investing money is how people make it up to the top levels of luxurious lifestyles. It builds wealth rather than being stuck in a constant money-saving circle and helps you escape the trap and indulge in more of the finer things in life. The goal of saving your money should be to invest it, not to blow it all at once.

4. Automated Finances

Saving and investing your money is much easier when you don’t have control over how much is put into these accounts and when. Obviously, you have some control when you set up automated finances, but having a certain percentage automatically transferred from your paycheck straight into these savings or investment accounts means it is easy and effortless to stay on track with growing your finances to meet the cost of the luxury you desire. If you don’t see the money coming in and out of your account, you can’t be tempted to dip in or skimp on savings. Plus, if you land yourself with some unexpected cash, it is best to put this straight into one of those accounts and towards achieving your luxury lifestyle. This won’t make any difference to your normal monthly budget, but it gets you one step closer to that house, car and lifestyle.

5. Track Your Spending

You need to know what you are spending your money on and how much it is setting you back each month. You cannot save and invest your money and get to the lifestyle you are dreaming of if you are spending more than you are earning each month. Knowing your spending habits means you can control them. There will definitely be areas that you can cut back on; do you really need to eat out quite as much? And what changes can you make to your spending habits to save you some money each month and invest towards your dream lifestyle instead?

If you are dreaming of living in comfortable luxury for the rest of your life, making these changes will help you reach that lifestyle and have you indulging in the finer things in life sooner than you expect.