There are many steps you can take to become financially free.
Step 1: Build an emergency fund of 3 to 6 months and keep it liquid. Having this emergency will let you sleep peacefully at night.
Step 2: Pay off credit card debt, car notes, HELOC's, everything except your house. If you continue to have this debt it will consume you and make you unable to become financially free. Use cash or a debit card at all times. You'll spend less this way.
Step 3: Invest 15 % or more into your retirement account. Invest in your 401(k), IRA, Roth IRA and SEP accounts.
Step 4: Fund your children's college education. You can save up to $2000 a year in an (ESA) Educational Saving Account.
Step 5: Pay off your mortgage. This will free up money to invest, save and give. Check into a 15 year fixed rate.
Step 6: Save and Give