Sunday, 2 August 2015

Some thoughts on Financial Freedom

'Financial freedom' is used to describe the state of having sufficient personal wealth to live indefinitely without having to work actively for basic necessities according to Wikipedia. Although some others would define it as 'having a passive income so that you do not have to work or can choose to work to sustain your current needs and lifestyle'.

However, along the road to financial freedom one would need to make many sacrifices. To get out of the rat race, one might put it (escape plan).

If financial freedom is the ultimate goal, what is the purpose of you wanting to get to that?

Can one be fully satisfied after achieving the so-called financial freedom?

As long as we covet a certain lifestyle beyond the basic necessity and constantly want better, we can never TRULY reach financial freedom. The road to financial freedom itself is a rat race with a moving goal post.


To work and enjoy life at the same time
vs seeking financial freedom and lead a stressful life

Which one would you choose? Financial freedom may be your goal but how much happiness do you need to sacrifice in its pursuit?

An interesting and thought-provoking read from Wealth Buch's blog, part 1 of 3 here:
http://wealthbuch.blogspot.com/2009/09/thoughts-on-financial-freedom-1.html



What if....

So you want financial freedom in order to live that high life you have always wanted, then why not start planning on HOW to achieve that desired lifestyle now? Desired lifestyle does not necessarily means not actively earning income (they are not mutually exclusive).

Go grab this book called 4-hour work week and perhaps you would find some inspirations on this. Read also Time or Money II.

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