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| Personal Freedom Learning to think outside of the box |
| Financial Freedom |
| Financial Freedom |
Financial freedom - reality or illusion?
Living in the modern world it is virtually impossible to exist without money. The need
to earn money to pay bills, buy food, clothing and pay for transport has been
converted into desire. The desire to always have more, usually in the belief that more
money will buy more freedom and that, perhaps, with enough money we won't have to
work at all.
This is the greatest trap ever devised. The more money you have, the more you will
find to spend it on.
It is a fact that people on high incomes are in as much debt relative to their income as
those on lower income and yet so many of these people have worked hard for many
years hoping to grasp that illusive financial freedom.
Living in the modern world it is virtually impossible to exist without money. The need
to earn money to pay bills, buy food, clothing and pay for transport has been
converted into desire. The desire to always have more, usually in the belief that more
money will buy more freedom and that, perhaps, with enough money we won't have to
work at all.
This is the greatest trap ever devised. The more money you have, the more you will
find to spend it on.
It is a fact that people on high incomes are in as much debt relative to their income as
those on lower income and yet so many of these people have worked hard for many
years hoping to grasp that illusive financial freedom.
| General index So what exactly is financial freedom? |
The specifics of financial freedom will vary from one person to another, but the basics
remain the same:
To be debt-free
To possess a source of regular income that will provide for family needs without the
need to go to work to earn more
Most people consider that they must go to work and earn enough money to pay off
the debts, before setting about accruing a source of regular income that will continue
by itself.
Unfortunately, this occurs so rarely. As the level of income increases, so the constant
bombardment of advertising through many sources, exerts a pressure that creates
discontent and a dissatisfaction with one's surroundings, possessions and life.
Somehow, it seems that the money we have earned should have bought us
considerably more than it has and therefore, the only option is to find yet more money
to get over this hurdle of dissatisfaction.
......and then you grow old and grumpy! Financial freedom is merely an illusion you
cry!
remain the same:
To be debt-free
To possess a source of regular income that will provide for family needs without the
need to go to work to earn more
Most people consider that they must go to work and earn enough money to pay off
the debts, before setting about accruing a source of regular income that will continue
by itself.
Unfortunately, this occurs so rarely. As the level of income increases, so the constant
bombardment of advertising through many sources, exerts a pressure that creates
discontent and a dissatisfaction with one's surroundings, possessions and life.
Somehow, it seems that the money we have earned should have bought us
considerably more than it has and therefore, the only option is to find yet more money
to get over this hurdle of dissatisfaction.
......and then you grow old and grumpy! Financial freedom is merely an illusion you
cry!
Apart from TRYING to ignore media and peer
pressure to conform to societal normality,
what can you do to escape from this financial
trap?
Consider first what you spend your money on.
Many years ago I carried a small book and a
pencil with me EVERYWHERE. Every single
penny i parted company was entered into the
book.
At the time i was not quite sure why I was
doing this, except to determine just why i ran
out of money every single month.
pressure to conform to societal normality,
what can you do to escape from this financial
trap?
Consider first what you spend your money on.
Many years ago I carried a small book and a
pencil with me EVERYWHERE. Every single
penny i parted company was entered into the
book.
At the time i was not quite sure why I was
doing this, except to determine just why i ran
out of money every single month.
The results from the final analysis were fairly significant though (once I had grown
tired of tracking my spending and tired of the abuse and ridicule from friends for my
nerdish habit).
What did I learn?
Quite simply that I spent my money according to how much of it I had. As my income
increased, so too did my expenditure in all aspects:
The more money I had to spend, the more miles i drove and I became the less
satisfied with my car.
The more money I earned, the more I spent on clothing, yet I didn't have more time to
wear the extra clothing.
The more I earned the more spent on food, yet I wasn't eating a better diet!
I spent more money on music and entertainment (I bought a bigger music system,
though i listened to it even less)
I bought a better bicycle (although i had less time to ride it)
...and so the cycle would repeat itselfhad i not realised at this early age what was
happening in my life.
Quite simply, I was looking at my life from outside of the box.....and it didn't make any
sense!
tired of tracking my spending and tired of the abuse and ridicule from friends for my
nerdish habit).
What did I learn?
Quite simply that I spent my money according to how much of it I had. As my income
increased, so too did my expenditure in all aspects:
The more money I had to spend, the more miles i drove and I became the less
satisfied with my car.
The more money I earned, the more I spent on clothing, yet I didn't have more time to
wear the extra clothing.
The more I earned the more spent on food, yet I wasn't eating a better diet!
I spent more money on music and entertainment (I bought a bigger music system,
though i listened to it even less)
I bought a better bicycle (although i had less time to ride it)
...and so the cycle would repeat itselfhad i not realised at this early age what was
happening in my life.
Quite simply, I was looking at my life from outside of the box.....and it didn't make any
sense!
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