The Entire Country Is In Debt

What is Financial Freedom?

Defining financial freedom is not an easy task, and it depends greatly on whom you ask.  Depending on the definition, the means by which to obtain financial freedom may be very different.  I can only speak to myself, how I determine financial freedom, and the vehicles – yes, plural – I use to get there.

To me, financial freedom is not the same as being rich.  While some may be financially free with an annual income of $20,000, others may be financially burdened with a million dollar or more net worth.  The definition is important, as the path(s) to obtain financial freedom may be different than those to become rich.

Fear not, however; you may have both if that’s truly what you desire.

To me, financial freedom means that I never have to worry about money.  Notice I used the phrase “worry about” not “think about”.  I will always think about money as it’s a necessary and functional tool within our society.  However, money will not be a dominating force in my personal or professional decision-making process as it is for so many.  I need to have money to function in today’s society, we all do.  Money is a requirement, a “have to have”, a constant and a necessary evil, for some.  The amount of money you have versus the amount of money you need will be the determining factor in your definition of financial freedom.  The relative abundance of money that I have made meant it has not been a basis for the decisions I make.  If, however, my level of income did not support my lifestyle, it would probably occupy all of my thoughts thereby effecting my decisions and the choices I make.  Finances will always have a presence.  How much of a presence is up to you.

If you want financial freedom, you must find the balance where finances no longer dominate your thoughts and/or influence your decisions.