Good question, I’ll answer that in a second, but first I need to set the stage:
“Financial independence” is achieved when one has a stream of passive income which exceeds their living expenses. In other words, you have assets (investments, real estates, etc.) which generate income, and this income is enough to pay the bills. Once financial independence is achieved, you no longer need a steady paycheck and are free to pursue any passion/hobby/career/job/etc. you desire.
I really like my job, it pays well, provides a sense of accomplishment and overall is pretty interesting. Can I say that I am doing something I truly love? Well no, and the majority of people are in a similar boat. As kids we are told:
“Do what you love, and you’ll never work another day in your life”Random elementary school teacher
Sounds fantastic, but realistically bills need to be paid and most of our passions/interests don’t produce much (or any) income. Financial independence flips that old saying upside down:
“Find a job with a steady paycheck, spend that paycheck wisely and make smart financial decisions. Soon enough you will no longer be reliant on a paycheck and you’ll have all the time in the world to pursue the things you truly love”The Milk Man
Not quite as catchy as the first saying, but the point remains valid. To me the real beauty of financial independence is being able to pursue a passion without having any pressure to monetize that passion.
So back to the question: Why are you wasting your time blogging?
At the end of the day financial independence really boils down to two things:
- Spend less money
- Make your money work for you
For the past few years I have been trying to do both. Some methods I have used have been incredibly successful, others have been complete failures and the rest have fallen somewhere in between. I will use this blog to document these successes/failures, as well as my overall journey to financial independence. I hope others can learn from my experiences and find their own path to financial freedom.