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What does the word financial freedom mean to you?

What does the word financial freedom mean to you? When you hear those words, what do you think? Close your eyes for a moment and meditate on the expression. What do you see?

By Bishnu BhandariPublished 3 years ago 5 min read
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What does the word financial freedom mean to you?
Photo by Michael Longmire on Unsplash

What does the word financial freedom mean to you? When you hear those words, what do you think? Close your eyes for a moment and meditate on the expression. What do you see?

When I think of financial freedom, I imagine a new, wrinkled face, setting on outdoor beaches, water boats, and RVs.

The media often presents financial independence in this way, and I am a fan of these stories. The lure of immigration and international travel fascinates me.

The Best Part of Financial Freedom

Now ask yourself, what is the best part of financial independence? Magazine articles can lead you to believe that life is not worth living. Michelle Schroeder-Gardner lives on the boat, Steve Adcock travels to the U.S. on airstream, and Go Go Curry Cracker travels the world.

There is value in each of these choices, but I am unusually satisfied with my normal life. I have never done anything exciting since I was financially independent, and I have no plans to do so.

I commend those who choose these paths, but I do not want to follow those dreams. I am a quiet, intriguing person who likes to stick to one place. Probably, I am fascinated by these articles because my health feels normal compared to.

Whatever the reason, I can tell you that the best part of financial independence is not news. It doesn’t go to the ground, sit in the bathroom, or turn off the grid.

The best part is paying the bills without any stress or worry.

Picture of Financial Freedom

Interesting news articles can distract us from the real value of financial freedom. You can choose to stay where you want and do whatever you want. These details can be exciting or unbalanced and can be frustrating.

Value is not in your lifestyle choices. It is up to you to pay for whatever option you choose.

We are all different. We all have different dreams, passions, and pursuits. If you want to visit all the countries before you die, so be it. If you want to live in a comfortable house and never leave, that's fine too.

Financial freedom allows us to pay for the life we ​​want, no matter what.

Financial Freedom in the Media

Imagine reading the article, "Seek financial freedom to pay off your debts." That doesn't sound very exciting, does it?

What about, “Traveling all over the world when you retire early!” That has a very nice ring on it.

Saving money can seem daunting. If you are not a moneylender, pulling those prominent spreadsheets, typing numbers, and investing your money can sound bad.

Is it any wonder that newspapers and magazines spice up the headlines?

Tracking your finances may be tedious, but in this case, boredom is not a bad thing. The reward for those boring activities is that you may lose sleep or feel financially insecure.

Sure, you can’t slap it on the front cover of a magazine, but in my opinion, it’s the most important part of financial independence. It is also an important issue that is ignored in the articles.

What Is Financial Freedom?

What is financial freedom? Financial freedom is a feeling of calm when faced with financial situations. It is the peace of mind that you have when you buy something you need.

To gain financial independence, you need enough money to pay for your lifestyle and expenses that you would not expect for your entire trip.

Think of the last time you experienced an unexpected home renovation or medical debt. Do you feel calm and firm, or do you immediately wonder how he will pay you?

Financial freedom allows you to access your wallet without worry. During times of disaster, you can focus on fixing your problems and comforting your loved ones, rather than worrying about paying off debts.

Most of us do not have that luxury. Instead, we are experiencing the burden of increasing financial burden beyond the initial crisis.

Financial freedom allows you to pay off unexpected debts without pressure or worry. Money is waiting for you. It stays in your test account or in the emergency fund.

You do not have to turn over your debts or miss out on other expenses to cover your expenses. You can pay for everything you need without having to worry about your finances.

That is the beauty of financial freedom.

Financial Peace Finance

A few months ago they called us. Our refrigerator was broken, our air conditioner stopped cooling, and our bathtub leaked.

In the past, these events would have created some stress, but this year they are different. Whenever a problem arose, I would calmly hand over my credit card. I knew we had enough money to pay our bills in addition to our regular monthly expenses.

This does not mean that we simply throw away money and buy whatever we want, but it does mean that we can pay for what we need.

When I needed a new amount, I did not ask how much it would cost. I just sat back while the dentist made a new mold. When I decided to go to school with my two children, I bought books and curricula without having to worry about where I would get the money to pay for them.

Money can buy happiness, but more important, it can provide a sense of calm and peace.

An emergency fund will pay for the unexpected, but financial freedom is much greater than that. Imagine having enough money to pay for all ten cases at once without having to worry about any of them

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