The financial world we live in is just as wild, if not more, than the mountains and woods we walk through. We are told that the fundamentals of our economy are strong, but we can feel that something is wrong. My unique financial background and survival passion make Financial Survivalist and excellent place to learn and share.

Thursday, March 8, 2012

My Thoughts Thursday: True Financial Freedom

8:42 AM    No comments

There are two ways to financial freedom: 1. Decide that money doesn't matter. 2. Earn enough money that money doesn't matter. Which one is best?

1. Decide That Money Doesn't Matter

I have seen people with this attitude. Thanks to debt, they seem to have everything; two nice cars, big house, pool, nice furniture, latest gadgets. Unfortunately, it doesn't last long. Eventually the payments catch up with them and they loose it all. Sometimes they end up working for the rest of their lives because they haven't saved a penny.

2. Earn Enough Money That Money Doesn't Matter

These are the people who work like a dwarf in a diamond mine. They spend 50-60 hours every week trying to succeed. Some of them make it to "success." Others waste away their lives and never make it there. Either way, only very few succeed before they are in the last part of their lives.

3. Both

I think the trick is a little of both. Money does matter, but it can't buy you happiness. Life is to short to spend it doing something you don't love. Find something you love and do that. Be happy with a lower standard of living and live within your means. Save your money and enjoy life.

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