Why you need Financial Independence
Let’s start by defining one of the most overused phrases of 2022, financial freedom. Covid brought to light a perspective that we have always known, life is short. The idea of spending at least 30 percent of your day working for someone else became insanity. People started to realize that there was more to life than working all your life, it created the generation of the entrepreneur. Financial freedom has gone from something simple as financial independence to a lifestyle that looks down on the worker. I am all for what makes you happy and I do believe there are people out there that truly want to work for themselves because of the peace of mind and autonomy it gives you. I admire those individuals because of the sacrifices they make to prioritize things that do not have tangible value. However, in a world that is driven by money and experiences most of us are looking to enjoy what life has to offer, whether it be dining at different restaurants, traveling the world, or maybe living off the grid for 3 months out the year. All these things cost money and we should not be ashamed for making certain sacrifices for the things we want in life.
Retirement is financial freedom in its purest form. Retirement is when work is no longer an obligation. Retirement is created by financial independence. Financial independence is having enough cash flow coming in pay for all the expenses in your life. A lot of people obtain financial independence long before they gain financial freedom. Most of us do not see financial freedom until we are well into our 60’s. I know age is a mindset and a lot of the time you are as young as you think but the fact is once you get into your 60’s and 70’s the body is not going to function the same way. At 40 or 50 if you take care of yourself, you can keep up with the 20’s and 30’s.
Saving and investing is all you need to obtain financial independence, financial freedom, and generational wealth. We are in one of the best financial times we have seen in a long time. The financial markets have reset, and we have a new and developing technology that is in its early stages of value. Stop and think, if the goal is a life of leisure, then you need money to do it. You do not need college, you do not need to start a business, you do not need to hit the lotto. You just need money. There are jobs paying values that we have never seen before, utilize this opportunity to get your real end goal.
What if I told you all you need to do is sacrifice experiences in your 20’s and 30’s to experience everything you ever wanted in life would you do it? What if I told you that if you start in your 40’s and 50’s you could leave a legacy behind to the next generation, would you do it? We talk about the phrases such as generational wealth and financial freedom as if these things are only attainable by creating a once in a generation product or being a highly successful business owner. These things can be attained by working a simple 9 to 5 and having discipline and patience. This is why you need financial independence; financial independence gives you the ability to become that generational leader to your family. Follow this blog for information on all the financial tools, principles, and behaviors to get you there. We are in the early stages of a financial cycle, and this will be a promising 10 years do not miss out.
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