Achieving Financial Freedom
_by Steven Miller
For other people, financial freedom is equivalent to having an expanded leisure time. The concept of time is money comes into play. In reality, a financially independent person will see that money is time. Once you are able to develop a sense of time freedom, then that means you are in a positive direction to acquire financial freedom
Financial freedom makes ones finances less of a concern. Defined differently, financial freedom allows someone to take time on activities without trading your free time for income. Financial freedom hinges on tradable assets that compound over time to cover for regular expenses.
Thus, wealth is created which generates more time and money. It allows people to cut their working hours with no loss of income because of money making activities.
Achieving Financial Freedom
Achieving financial freedom requires a different mindset. In our classic college education, we are taught to work for money. Therefore, we put in time to work and then we get our wage. This is the famous time for money swap. However, financial freedom removes the concept of time-and-money-swap and allows an individual to make money work for them.
Achieving financial freedom involves a different shift in lifestyle and overall mindset. While it is easy to think about having more time to invest and create a business, most office workers still find that whatever amount of time that they have should be placed in a routine. A critical step in achieving financial freedom is realizing that there are ways to make better use of ones time.
To achieve financial freedom, fundamental attitudes about the concept of money need to be changed. Realizing that money is only a mean to achieve an end is one thing. Knowing that no one should be judged depending on the amount of money they own is another.
Judging financial freedom as the amount of money held defeats the purpose because in the end, you will not have financial freedom if you are not satisfied with the money that you have. Remember that financial freedom is also a personal perception. This perception is highly related to the level of satisfaction that money brings.
On another side of the coin, we should also remove the negative perception of money. While the saying that “money is the root of all evil? seems relevant, thinking that this is always the case will provide a repellent view about creating wealth.
Always put into heart that financial freedom is a healthy endeavor as long as one feels it is ethically sound to make money. In the end, having the right attitude about money will go a long way in dealing with different perceptions of financial freedom. Financial freedom is ultimately a state of mind.
For other people, financial freedom is equivalent to having an expanded leisure time. The concept of time is money comes into play. In reality, a financially independent person will see that money is time. Once you are able to develop a sense of time freedom, then that means you are in a positive direction to acquire financial freedom
Financial freedom makes ones finances less of a concern. Defined differently, financial freedom allows someone to take time on activities without trading your free time for income. Financial freedom hinges on tradable assets that compound over time to cover for regular expenses.
Thus, wealth is created which generates more time and money. It allows people to cut their working hours with no loss of income because of money making activities.
Achieving Financial Freedom
Achieving financial freedom requires a different mindset. In our classic college education, we are taught to work for money. Therefore, we put in time to work and then we get our wage. This is the famous time for money swap. However, financial freedom removes the concept of time-and-money-swap and allows an individual to make money work for them.
Achieving financial freedom involves a different shift in lifestyle and overall mindset. While it is easy to think about having more time to invest and create a business, most office workers still find that whatever amount of time that they have should be placed in a routine. A critical step in achieving financial freedom is realizing that there are ways to make better use of ones time.
To achieve financial freedom, fundamental attitudes about the concept of money need to be changed. Realizing that money is only a mean to achieve an end is one thing. Knowing that no one should be judged depending on the amount of money they own is another.
Judging financial freedom as the amount of money held defeats the purpose because in the end, you will not have financial freedom if you are not satisfied with the money that you have. Remember that financial freedom is also a personal perception. This perception is highly related to the level of satisfaction that money brings.
On another side of the coin, we should also remove the negative perception of money. While the saying that “money is the root of all evil? seems relevant, thinking that this is always the case will provide a repellent view about creating wealth.
Always put into heart that financial freedom is a healthy endeavor as long as one feels it is ethically sound to make money. In the end, having the right attitude about money will go a long way in dealing with different perceptions of financial freedom. Financial freedom is ultimately a state of mind.