The definition of Financial Independence is actually pretty simple.
In its most basic terms I would describe it as the wonderful situation where your passive income from your investments exceed your living expenses.
Digging a little deeper, financial independence means different things to different people.
Someone could feel financially independent because they pay their own bills with no help from anyone.
To someone else it could mean having no debt whatsoever, so they feel independent in that regard.
I’m going to focus here on what it means to me, and pool together some ideas on how it improves your life and makes you a happier and more fulfilled human being.
What it means to me, and why should you bother?
Financial Independence means many different things to me.
Primarily it means having assets that can generate the income I need to pay my bills and live life without me having to go out to work.
It sounds simple, and it is. But the difference it makes to your life is extremely profound.
When I think about it, there is only one description that sums up how I feel about it : Complete Freedom.
This is why you should bother! If for no other reason than for freedom in your life.
There’s a valuable resource in this world that you can never replace and once its gone, its gone for good. It’s your Time.
What would it mean to have an abundance of wealth, not just in dollars, but measured in Time?
Just imagine how you could live your life without the usual time restraints associated with your everyday working life. For some idea, here’s what we get up to.
Time to play with your kids, or work on your hobbies. Time to spend with your spouse or travel. The freedom to learn, explore subjects and industries or to really immerse yourself in whatever you want to do. Are you feeling motivated yet?
The freedom you gain from putting yourself in a strong financial position is a beautiful thing, but sadly it is rare. A distant dream for those of us still stuck on the treadmill.
For me, the desire for freedom was so strong, it forced me to take a very different path to most young people.
It’s my belief and my hope that I can help people achieve freedom in their life and this blog is my weapon of choice for doing this.
Now you’ve decided you want a piece of this financial independence action for yourself, let’s find out what I can bring to the table to steer you on your journey….