21 Nov Financial Freedom – What does it look like?
Financial freedom to me means I can do what I like, when I like and with whom I like – within reason of course. I got to a stage in my life when I was about 30 when I couldn’t handle taking orders from anybody anymore. I wanted to be in charge of my own destiny. Live by the sword and die by the sword.
I had jobs where I worked for large banking institutions such as St George Bank, Suncorp Bank Australia and ANZ Bank NZ. I also worked for large insurance companies such as AXA and AON Australia. Typically, the culture in these large organisations and especially in finance is really cut throat and heinous. Management treated me like crap, and no matter how good I was, it was never good enough. My income was capped, and I was always on the clock. Our weekly sales KPIs were huge and relentless. I was a rat on the treadmill in the rat race.
In many of the companies I have worked at, most of the staff hated their jobs and were always worried that they were doing just enough so they didn’t get retrenched or fired – always looking over their shoulders.
You may be thinking, “Yeah, but what choice I have I got? We all have to work somewhere and put food on the table and pay the bills.” Yes, but what an existence to do it in. I’m not saying chuck it all in on a romantic notion from this book, but start to think about your life. Can you make improvements? How do you get more choice and financial freedom in your life? You need to start by building income, one step at a time.
Decide what Financial Freedom means to you
Financial freedom means different things to different people. It can be freedom from financial worries or freedom from a daily routine or freedom to do what you want when you want. When you have financial freedom, you have total freedom to live your life the way you want to live it, doing the things you’ve always wanted to do with who you want.
Financial freedom means you can pretty much buy things that you want, you can donate money to good causes and you can live your life without any worries.
Being lifestyle driven
I’m personally not money driven but lifestyle driven. I worked out what lifestyle I wanted and what it looked like. Then I worked out how much money I needed to fund it and went about building that income stream. It didn’t happen overnight, but it did happen. I didn’t set out specifically to build what I have today but have discovered it as I went.
Insure and Grow Rich