Financial Independence
Sometimes it is easy to forget why a goal is started. Today is the day to revisit why to start the goal of Financial Independence!
Financial Independence is security, choice, and self-sufficiency.
- Security to meet emergencies with savings and to protect assets.
- Choice of where and when to work – what is worth your time, effort, energy, and stress.
- Self-sufficiency to meet financial obligations to obtain the things needed or wanted without relying on another.
Financial Independence is the goal of a lifetime.
What does Financial Independence mean to you?
Very Personal Choice
It is a very personal decision to start any journey. Financial Independence in particular is a lifestyle choice. Just like any major decision, it cannot be forced. It needs to be important to the person enough for them to choose it.
Freedom to Choose
It could be some passionate goal you have always had.
For me, it’s wanting to be able to be decisive about where I put my energy. A place that lets me feel valued for my brain and not my hands. Choosing to invest in something I truly believe in. Or simply just having the choice in the first place. It can feel very liberating.
Lifelong Learning
Financial Independence can encourage us to pick up on new ideas to start making new life choices.
- Compound Interest
How money can be earned from establishing savings over time. As the savings grows, the interest gained from the savings grows as well! Please read my other post about the top questions individuals ask about starting their financial journeys – including compound interest!
- Investing
A skill that most people feel they are “bad” at to establish a healthy passive income stream for the future.
No one is bad at anything. They just need to learn more about it to understand what to do next!
- Growth Mindset
Always keep learning! I love to learn about the things which increase the ability for Financial Independence. It gives me some motivation to get through more difficult parts of work and life.
No matter your goal. Start today.
Always remember that it’s never too late to start something new. Whether your goal is to pick up an instrument, learn a language, or gain Financial Independence – start today and start to learn the skills needed to meet your goals!
From my mind to yours!
~Jay
I enjoy sharing what I have learned through my own personal finance journey!
