Financial Freedom – The color
If you have been a regular to my blog, you will know that financial freedom is one of the colors of the weekly rainbow and I need to spend time consistently pursuing financial freedom so that one day I can reach my pot of gold; a life of zero regrets. How much time to spend weekly is dependent on the situation and can change from week to week.
Financial Freedom definition from Trent Hamm, the man behind www.simpledollar.com
I came across a great definition on financial freedom at www.thesimpledollar.com and wanted to share with you.
Freedom is not merely the opportunity to do as one pleases; neither is it merely the opportunity to choose between set alternatives. Freedom is, first of all, the chance to formulate the available choices, to argue over them — and then, the opportunity to choose.
C. Wright Mills
Most people see the goal of all of this as being rich. Thatʼs why you see so many books about millionaires on bookstore shelves – being a millionaire is something many of us aspire to, right?
Hereʼs the secret: itʼs not about being rich. Having a big net worth is just an indicator of what this whole process is really about.
Itʼs all about freedom. Freedom from debt. Freedom from supervisors telling us what to do. Freedom to spend the time to do things right. Freedom to try out new things and follow our interests. Freedom to sleep until eleven one day, then stay up until two in the morning working on what weʼre passionate about.
Thatʼs what most people really want – I know thatʼs certainly what I want. Having a big bank account just means that Iʼm not beholden to others. I can follow my passions and dreams wherever they take me. If my job is not satisfying to me, Iʼm no longer tied to that paycheck – I can just get up and walk away. I can do whatever makes me happy and avoid most of what makes me sad, without regrets or worries.
It might be a bit unpleasant to substitute a Starbucks latte for a homemade cup of joe, but compared to that, how can little things possibly compare?
Itʼs a lot of hard work to climb that mountain, but the air up there is the sweetest thing that there is.
These words are from a 49-page book, “Everything You Ever Really Needed to Know About Personal Finance On Just One Page ” written by Trent Hamm and posted as a pdf on how website at this link. It is an easy to read book and has some great pointers to simple yet effective strategies to develop on the path to financial freedom.
What does financial freedom mean to you?
With my current state of undisciplined spending and unplanned goals, I do not have any clarity about what financial freedom means to me. I only have a vague idea and am trying to get that idea clarified by understanding what I want. Since this is a blog about my ongoing journey, I would like to find out the “what” and not the “how”. The what can be universal but the how mostly will be personal which not everyone would want to share.
Appreciate if you comment on what financial freedom means to you.
Thanks for reading and have a great day!
P.S. In future, I am planning to balance my posts on all the seven areas of focus. For the short term, since there is an imbalance in Family, Faith and Financial Freedom in terms of number of posts, I will focus on these three topics this month and the next.