Have you ever imagined what life would be like if you were financially free? Almost everyone has at some point, but most people never really stop to think about what it means. It can mean different things to different people, so before you begin searching for the key to financial freedom, it may be a worthwhile exercise to examine what the concept really means to you.
You may not realize it, but Time and Money are inversely related and one can be traded for the other in most situations. If you take a moment to imagine how that applies to both your everyday life and to the way business is conducted, you might see that it’s true. For instance, you could spend your own time cleaning the house or mowing your lawn, or you could trade your time and pay someone else to do those chores for you, effectively freeing up that time for yourself.
With this in mind, you might consider financial freedom to mean reaching the point where you no longer have to trade your time for money in order to provide what you want in life. For most of us, financial freedom means simply not having to go to work everyday to pay the bills….in other words, making money work hard for us, not finding a smarter way to make an income stepping off the daily treadmill of going to work everyday to pay the bills.
Another important factor in finding financial freedom for yourself is that of your current and future lifestyle. Some people prefer a modest home, car, vacations, and possessions, and will always want to live that way. Starting from the same point, these people will be able to reach a level of financial freedom sooner than those who aspire to more elegant surroundings.
Ultimately, financial freedom is about control. Control over your own time and life, that will let you make the choices you want to make, rather than being forced to accept those offered by circumstance.