Financial Independence, Freedom, Security, etc…
Defined – click here if you are not sure.
Why the majority will never achieve this status?
You will do well to forget all the hype, you know, all the steps the financial gurus tote and say about Financial Independence.
- Set financial goals
- Stop spending more than you make
- Save Save Save
- Make more Money
- Invest
- Downsize
- Work on the side
- Start your own business
- Get a financial advisor
- Buy a whole life insurance policy and make extra payments
- Marry someone all ready financial independent
- My favorite “rob a bank”, repeatedly until such goal has been reached
- The list goes on and on, and yes these are very good suggestions but none of these are or is the end game.
If the above steps worked. Why are you not financially independent? Some of you have been working on this for years, start, stop, ( car breaks down ), start again, stop, ( medical emergency ), go, stop, ( stock market crash, yeah yeah yeah, ride it out, that works ), start again, stop, ( your house needs major repairs ) start and stop and the vicious cycle goes on and on.
Do a Search, go ahead, I will wait. Google- over 16 million Bing- over 11 million results and counting. There is not a shortage of information on this topic, so it is not a question of, knowledge or learning about this subject. It is said, knowledge is power. If that is the case, why are we so powerless? When it comes to financial matters, that being money, we are slaves, doomed to continue running that race without a finish line in sight. You know the one. Or, are we? Pardon the grammar.
Over 3 trillion dollars changes hands daily, so the reason we can not achieve financial freedom, is not because there is not enough money. It is estimated that 0ver 7 billion people live on this planet. You do the math. There is plenty of money, and if we need more, the federal reserve will just print more. This plight is not about money. So what is holding the majority back from reaching this goal. Come on we can not let just 1 percent own this title.
Before there was a federal reserve, a farmer in this country could support a family of 6, just from the efforts of working his farm, the farm provided food, shelter, clothing, and peace of mind, everything the human body needs. Some would say; that was true financial independence, freedom, security. So what went wrong? If you do not know the answer to that question. Check out just one or all of the federal governments websites, they have the answer. Or just click here for some interesting reading.
Ok, I will stop crying now. There is no use crying over spilled milk, or hidden gold wink wink. Whats done is done.
We need to ask the following questions, tell me what answers you dug up. I would like to know. If you can get an audience with Bill Gates or maybe Warren Buffet or some other person that has already achieved the goal in question. Because you know it is said, only take advice from someone, who already has achieved that which you want to achieve. Forgive me for the tongue twister. So why listen to me? Because this year I will be trying something different, and it is based on a old thought or quote. According to this quote, I need your help. The questions are as follows. Leave a comment if you will.
What do you really need to do to achieve such a lofty goal?
What did those who have already achieved this goal do different?
Is there something the gurus are neglecting to tell us?
I think for my sake, it is time to try something different!
In my next post, I will share the quote.
More to come soon…
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Read Also, “Become Your Own Banker How?”
Read Also, Chronicles of building an iPhone App
Read Also, He Who Has The Gold
Hi Laura, great post. I reached Financial Independence 3 years ago (at age 50) and am working on an app that allows others to countdown the days until they are financially independent (http://www.CountUsDown.com/Retirement).
ReplyDeleteI think you are right, it's a lot harder in practice than in theory!
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