Financial Freedom Vs Financial Liberation
Hey Jesscitizens
As a member of the modern world we've bee consumed by the chase for resources, we want more so we can spend more. The more we get, the more we win, the happier we will be as human beings, or so we've been told. The desire for opulence is ingrained in us, and as a society, many of us aspire to be resource-laden without having to work for it or in exchange for the least amount of labour.
While some people achieve this through stardom in sport, acting, music, social media, some business venture, inheritance or luck, the vast majority are still trying to find our way to reach these goals.
This is evident by the amount of getting rich quick schemes, business coaches, life coaches, ("contreprenuers")entrepreneurs and online gurus who have it "figured out" and want to sell you the formula for success at a steep premium. The desire for this material success is so strong that these people can enrich themselves via the aspirations of wealth without work or minimum work.
Image source: - yourmodernfamily.com/
The dream of financial freedom
I'm sure you've heard this pitch plenty of times, the goal of financial freedom. Wow, having so much money that you never have to worry about being able to afford anything. My question to you is, is that the definition of freedom? If your happiness is tied to this asset and your ability to purchase things that bring you joy? Is that not papering over the cracks and still keeping you in the rat race?
Isn't that why Billionaires and Millionaires don't step back from the world of work once they've amassed a fortune? For they are still slaves to the money, only in a different way?
Wouldn't the actual goal be financial liberation, where you are entirely free of the grip of money?
Where you have enough and realise you don't need more, where your accumulated wealth regenerates at a pace that you do not out consume and in that, you now have the time and focus on doing whatever you want with your life.
Have your say
What do you good people of steem think?
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I will take financial liberation thanks👍
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Me too! Lol ill let you know when i get there, still need a few more years in the rat race
Hopefully we both get there😀
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Lol then its beers all around !BEER not just digital ones
Sorry, out of BEER, please retry later...
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I got a rental Unit for Passive Income, as long as I upkeep and maintain it. It can go on indefinitely. Write off repairs, expenses, and most property related taxes. And I would love to get another but the Capital expense in my area is too much to afford at this time.
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Thats aweosme and a great way to put less strain on youself to work for capital! Did uou register a business to keep that income? I would imagine you would have to or that income would put you in a far higher tax bracket
Im not really a dan of rental based on the principles i have but i agree its a solid income stream
With the cost of housing in my region it is a necessity as vacancy rates are statistically below 1%. I do claim the income on my taxes as a Rental income and pay a 50% higher utility tax rate that I write off.
What I don't get that if they see the concentration in a certain area is so bad why aren't they looking to provide subsidies to move businesses to other provinces or cities instead of the continued pile on? Like for example, Cape Town where I live is 10x to 50x more expensive to own a home than in other parts of South Africa yet people keep flocking here year after year
I think they want to keep the businesses in Vancouver which now has as reasonable business tax climate providing employment but shifted the burden of the taxes upon the resident homeowners. We get a lot of immigrants landing here, some move off to other parts of the country for cheaper and quieter surroundings.
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Financial freedom/liberation. I am pretty happy without much and couldn't handle physically/mentally/and especially spiritually the selling of all hours of the day to do someone else's work. For example, you work a ten hour day and who wants to come home and try and prepare a healthy meal? How will you grow any of your own food? Anyway, I paid my house off a number of years ago and haven't had a credit card for decades either and people are always asking me how I'm making it so well on so little. First step, get out of debt. Yes, I still have to pay property taxes, upkeep and I have an older car (great way to save money is to ditch the car--insurance, gas, maintenance, health costs).
There is a man that I like in this regards, Jakob Lund Fisker. You might enjoy reading his blog or book too?
Oooooh my blog has been so lit today i feel like a minor internet celebrity! I agree with you its all about proroties and living within your means! All that repeat consumerism isnt meant for me and i buy when i need to not when i feel like or want to because i know we designed to want excess! I think working in marketing helped me cut through the BS easier than most
I think if you can find your balance where you earn what you need and then use it wisely so you allow for time to do the things you love and keep you happy then you are liberated mlee than most
Yes, :) But, I did teach a bunch of high school students today. Not bad, mostly just the office staff to complain about ;) And, I'll get a small check in the mail this week.
I quit my job almost 4 years ago and started my own business working from home and I can't think of going back. I'm not rich by any stretch of the imagination but having control of my time to what I want means more to me than a steady income
Also thanks for the blog/book recommendation ill defs check it out
Yes, I can't say enough about having more free time either. I've also got something going at home, but still very small and taking some time, but that's okay. I facilitate a dance one a month and take a few substitute teaching gigs as well, much better than the 50-60 hour grind of full-time I was in.
I think what you’re trying to do is what we actually should be working towards if we had a deflationary currency! For example the money you earn would increase in purchasing power so you’re savings get better with time putting less strain to earn and more on time to what you want and if that earns you more that’s great
Jobs would be better rewarded, prices would be cheaper as less money chasing more goods and we wouldn’t have to do this work to live situation and also make better financial decisions.
Inflation isn’t inherently bad just when you keep doing it until you basically trickle up all the wealth it is
Yes, thank you.
I also trade with people when that works out.