Last Updated on July 24, 2022 by The MediFi Guy
Simply put, working because you want to, not because you need to, is Financial Independence.
The way the world works, whether we like it or not, is that money is the means by which you attain the freedom of choice to live the way you want to. The vast majority of people work because they have to work, not because they want to, nor do they enjoy the work that they do. The reality is that they don’t have the choice not to work.
Ask yourself this, if choosing not to work would result in you or those you support with your income falling into a state of hardship, poverty, sickness, and eventually death, do you really have a choice?
But what if I actually enjoy my job?
If you do that’s great! That still doesn’t change the reality that your choices are limited. Ask yourself this, on those days where you wake up and just don’t feel like going in, or those weeks where you’re feeling burnt out and wish you could take a few months off working altogether and return once you feel refreshed, do you have the choice to do that? Or would doing so have such a negative impact on your ability to sustain yourself that you don’t even consider it an option. Nor would you risk attempting to negotiate for it, for fear of losing your job? Could you take, for example, 2 years off work, knowing that you’ll have a source of passive income in those 2 years to support yourself, then later return to a job of your choice, with the choice not to even return to work since you could live comfortably for the rest of your life on your passive income?
No?
Then you do not truly have freedom of choice.
Therefore, Financial Freedom means the power to fully choose what to do with your most valuable possession – your time. Whether that choice is to work until you’re 90, work full time, work part-time, or retire early to spend your time as you see fit.
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