Financial freedom means something different to everyone. Is it being completely debt-free? Having enough passive income to retire early? Or simply not worrying about your bills? We want to know – what does financial freedom mean to you?
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I know the answer has changed for me over the years. At one point, my “target” was just not having to worry about month-to-month bills, even if I were working for someone.
Eventually, when I made it to being debt-free, I realized that I still had bills and taxes that were out of my control. And that even though it seems like I have “enough” money, there were still things that could be insurmountable. (Look at someone like Alex Jones, who anyone would have thought was “financially free” until he was ordered to pay 100 quadrillion dollars in damages.)
My robust answer is that it’s a moving target, and probably not one that anyone who realistically assesses the world can ever reach. But if you’re debt-free and don’t have to rely on an employer to survive, I think that’s a working answer!
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I’m happily and comfortably retired for some years now. Passive income, largely debt free, etc. But back in the day I ran a job training program and virtually all the participants were ex-offenders, basically starting from scratch. One day I asked the group how they would feel “successful”. One guy said when he didn’t even know it was payday - just another day. I thought that was a great answer.
To me its simple…….having the ability to make decisions without regard to financial impact. If I want to quit my job, take a trip, buy a car, etc…..
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Financial Freedom is trusting God for security.
I’m in the stage of where I don’t worry, I’m thankful, and try to give more than God. It’s a lot of fun to pray: How can I help my Grands; the answer comes give $100 for tuition every school month. Nice. Pray: how can I help my neighbor? Be available to take them where they need to go. Pray: how can I help my folks, who need for nothing? Be available . . . To love them.