Uruhara (OP)
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June 30, 2023, 12:02:49 PM Last edit: July 03, 2023, 03:03:49 AM by Uruhara |
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Economic discussions related to inflation, recession, food crisis, labor crisis, agricultural crisis, war crisis are enough to make our heads hot and we need a little relaxation in this discussion.
so let me bring this discussion a little to one thing that will be fun to discuss and talk about. That is about Financial Freedom.
Well I'm not going to ask whether you already have financial freedom or not. But I'm here to bring our minds to try to imagine ourselves when one day we succeed in achieving Financial Freedom.
Consider yourself already have financial freedom at this time. That is, you already have passive income that continues to flow into your account and into your wallet without the hassle of managing your business. because your business and all your companies are managed by someone you trust to manage it. So you just need to sit back or take a vacation every day while enjoying the flow of money that continues to enter your pocket.
Now my question in such a situation is when you already have financial freedom. then what are you going to do to enjoy your life and enjoy that financial freedom?
--------------- Edited: I haven't been active in the forums in a few days and was quite surprised that a thread I had created had 6 pages to load. i love to see this thread grow. and I'm glad everyone started pouring out their thoughts regarding their desires when they achieve financial freedom.
Sometimes we have to think about the beauty that we can feel when we one day get the welfare of life, such as having financial freedom. And actually by recalling what we will do in the future when we become successful, it will actually stimulate our spirits and minds to become more active and more enthusiastic to be able to reach our goals more quickly. and this is actually the point of this thread.
Remembering the ultimate goal can trigger a strong desire within us which can make our productivity increase as well.
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EarnOnVictor
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June 30, 2023, 12:26:32 PM Last edit: June 30, 2023, 02:38:35 PM by EarnOnVictor |
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I will continue to invest!!!
By "financial freedom," I believe that I can get what I want so long it's what money can buy. But this is limited if an investment is not persistent, so I will rather continue investing and get to find other means to invest more even if the ones I tried are successful.
Mind you, you don't have to do this yourself, that's what all these rich people do. They only communicate, meet, give instructions and make their employees accountable for what they are being paid for.
Furthermore, nothing should stop you from exploring further. What you need most are your resources (money and employees) and your brain (to locate ideas) and how to use them to continuously do the work for you through the right coordination.
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bitzizzix
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June 30, 2023, 12:38:16 PM |
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I wish I had financial freedom as well as a steady stream of passive income, and if that's the case for me, and what I will do is. I want to share with people who are in need, and make several places of worship in areas where there are no places of worship and also repair places of worship that are still inadequate. perform the pilgrimage with parents, wife, children and extended family. And what I mentioned above is the main thing that I do and is for my provision when I die because the rewards will continue to flow. and apart from going on holiday to some beautiful places, enjoying good food, and bicycling or jogging twice a week to stay healthy and also resting in a luxurious and comfortable home with real safety there is so much more i want to do especially in things to my kindness and the kindness of many people, and may it be granted.
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Ayers
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June 30, 2023, 12:54:13 PM |
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Financial freedom? That sounds far-fetched to me, all I need is a high and stable income, I don't expect financial freedom because I know where I stand and who I am. But if that happens to me, I will enjoy the best things in life with my family. Besides my wife and children, I will prioritize my parents because I would not be where I am today without them, so whatever they want, I will give them. I will share my wealth with the rest of my relatives, and eventually, I will set up a charity in my locality. That's all the plan I've wanted to do for a long time but haven't done much yet.
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so98nn
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June 30, 2023, 01:19:42 PM |
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Define financial freedom. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It’s nothing. You never get satisfied with the finance at your hands because it is always less for you. You will never have a level where you can earn enough money so that you would be happy ever after. There is one catch, this does not apply to those who are millionaires and above with continuous income from couple of businesses or may be more. That’s another level of plateau which doesn’t apply here. Assuming we are talking normal people like me who is yet to earn my first million or even less. Lolz. Guy like me would reach those levels only after 3-4 decades of time and would realise I just need peace and not the money. That’s my thought on it.
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mindrust
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June 30, 2023, 01:32:27 PM |
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That’s a great question. I would travel around the world, meet new people, taste new food, explore new beaches… The other possibility is to start another business and do what you always wanted to do. We all have limited time in this world and we should do what we want to do and have fun. That’s the whole point of living. To have fun. What is live if you are not having fun?
I, for example, want to visit the south America one day. Mexico or Argentina sounds like a great destination. I don’t have enough time and funds to make that trip right now but I hope I will be able to some day in the future.
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CryptSafe
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June 30, 2023, 01:36:20 PM |
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OP I believe you know one of the economic principles that says man is an insatiable being and going by that, I really think no matter how one becomes, one would definitely want to reach the next phase of life after achieving the stage in which they are. If you would agree with me, the world richest man is still working to making sure he retains his position as the number 1 in the world likewise the second richest man. Then is it you that is yet to achieve 0.0000002% of their achievement would comfortably sit and start feeling arrival mentality. OP I just think is laziness if one does that as a result of the little income on their business and they feel they have arrived.
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AmoreJaz
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June 30, 2023, 01:50:45 PM |
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That’s a great question. I would travel around the world, meet new people, taste new food, explore new beaches… The other possibility is to start another business and do what you always wanted to do. We all have limited time in this world and we should do what we want to do and have fun. That’s the whole point of living. To have fun. What is live if you are not having fun?
I, for example, want to visit the south America one day. Mexico or Argentina sounds like a great destination. I don’t have enough time and funds to make that trip right now but I hope I will be able to some day in the future.
that's very right, pursue the things you have in your bucket list. and after that, check out your hobbies that you wanted to dedicate your time with. or set-up a business that you are very passionate of. you are not worried anymore if it will be a hit or miss, so long you are enjoying what you're doing, right? and of course, travel. this will give you insights that you don't have when you are just limited to your comfort zone. you will understand the world better. and maybe, get a better perspectives in life.
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Inspiron14
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June 30, 2023, 01:51:57 PM |
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Financial freedom? That sounds far-fetched to me, all I need is a high and stable income, I don't expect financial freedom because I know where I stand and who I am. But if that happens to me, I will enjoy the best things in life with my family. Besides my wife and children, I will prioritize my parents because I would not be where I am today without them, so whatever they want, I will give them. I will share my wealth with the rest of my relatives, and eventually, I will set up a charity in my locality. That's all the plan I've wanted to do for a long time but haven't done much yet.
That's how you should take advantage of financial freedom with useful things, you look like you have a genuine heart to help and that's great, what is clear is that financial freedom is everyone's dream for sure.
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retreat
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June 30, 2023, 01:54:42 PM |
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Of course I will enjoy the money together with my little family. Traveling the world and finding something unique in another country seems to be an amazing experience. But this passive income has limits, whether it's economic problems or other problems that are beyond my expectations, so not only do I enjoy this passive income, I will also allocate some money to other businesses or investments which can be a backup of my income and can save me when it's needed.
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traderethereum
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June 30, 2023, 02:02:34 PM |
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If I have succeeded in getting financial freedom, I will continue to look for sources of income that I don't have so that I can earn more income that I can use for many things. By having more income, I can give donations to people in need to help them survive. And maybe I will open several branch offices in many cities so that I can receive more people who need jobs and that can provide additional income for me. Besides that, I'm going on vacation for a while while enjoying financial freedom and waiting for the money to flow into my account.
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Aanuoluwatofunmi
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June 30, 2023, 02:03:45 PM |
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Now my question in such a situation is when you already have financial freedom. then what are you going to do to enjoy your life and enjoy that financial freedom?
What else could have been soughted for than enjoying one's life when the financial freedom is achieved, by then you would have developed mastery over many economic and financial challenges other were still battling with and one of the means to achieve this is by learning how to be decentralized first from any form of authorizing institutions over you, this will make you have some achievement opportunities to what you couldn't when you're not having the freedom.
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naira
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June 30, 2023, 02:06:35 PM |
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So you just need to sit back or take a vacation every day while enjoying the flow of money that continues to enter your pocket.
Now my question in such a situation is when you already have financial freedom. then what are you going to do to enjoy your life and enjoy that financial freedom?
It seems the answer has been stated above. And this will definitely be done by everyone when they have reached their goals in life, so enjoying it is the main thing. Some other additions by investing in all types of existing investment assets so that the income continues to accumulate. But, but, but is it enough to fantasize and then come back to realizing that real life must go on as it should. I don't like to fantasize a lot, because what needs to be done right now is to describe what can be done, and most importantly enjoy what we can still enjoy today. Someone's version of financial freedom is definitely different, not only about the money that keeps flowing, because while that person can enjoy life from day to day, be grateful for the life that can still be lived and do it within the limits of his own ability then that is true financial freedom.
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Stepstowealth
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June 30, 2023, 02:13:55 PM |
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what are you going to do to enjoy your life and enjoy that financial freedom?
When I finally achieve financial freedom, I'll try to give my life more of a meaning by devoting and prioritising helping others who have not yet achieved financial freedom, are struggling to come out from the depths of poverty and others who are not privileged in any way. Life should involve helping others when you know that you are already independent and do not need help from people. Many people need help, and since you have enough, you should try to help as many people as you can as you also enjoy your freedom.
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Zaguru12
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June 30, 2023, 02:23:24 PM |
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Now my question in such a situation is when you already have financial freedom. then what are you going to do to enjoy your life and enjoy that financial freedom?
I don’t think there is possibly a way some could actually get that total financial freedom. Because once someone has that amount of money and businesses, they only think of expanding business to different areas and that is why we see top businesses men who are already topping the richest peoples chart competing to get hold of new technology. So if at least I get to this point I would organize some days in a year to have a large family vacation. But I still I am of the opinion that there is hardly total financial freedom, Infact the richest people sleepless because of the constant pressure to expand. Financial freedom lies on contentment
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avikz
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June 30, 2023, 02:24:05 PM |
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Now my question in such a situation is when you already have financial freedom. then what are you going to do to enjoy your life and enjoy that financial freedom?
Achieving financial freedom doesn't mean you won't invest your money again. If I am able to attain financial freedom, I will just stop working for others and start working for myself. That's the only major change I will be making in my life and rest all remains the same. Attaining financial freedom should not make anyone addicted with dark sides of life like a lot of celebrities do. It's always good to keep on working till the time your health permits you.
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robattfield
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June 30, 2023, 02:38:57 PM |
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I simply understand financial freedom as being more comfortable in all financial activities without any restrictions, so personally, I am not a person with a lot of money but know satisfaction and respect. I am very grateful for what I have and always feel admiration for what others have. In recent years, after experiencing a few btc price hikes that greatly increased my finances, I used to spend them on useless things and thinking about endless enjoyment, but at this point I suddenly realized that I was wasting my happiness and was being tied up by a more luxurious life, calm down and look back on everything that happened I realized a lot of my own mistakes and really wanted to correct to bring them back to life. beneficial things in your life. With those earnings, I think I will continue to work harder to be able to contribute to society, namely building schools, building works for the poor, sharing useful knowledge is to increase the value of people's quality of life.
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Velemir Sava
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Enterapp
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June 30, 2023, 02:43:28 PM |
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Now my question in such a situation is when you already have financial freedom. then what are you going to do to enjoy your life and enjoy that financial freedom?
Yes, that's a sweet question! If possible.. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) First, I will take a short break from the hustle and bustle of the crypto market from reading posts, replying and monitoring the market and so on. Yes. all need a picnic with family or friends or Self Healing. And one more thing, that is to return to society. This opens up endless possibilities.
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noorman0
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June 30, 2023, 02:49:16 PM |
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-snip- That is, you already have passive income that continues to flow into your account and into your wallet without the hassle of managing your business. because your business and all your companies are managed by someone you trust to manage it. So you just need to sit back or take a vacation every day while enjoying the flow of money that continues to enter your pocket.
The "financial freedom" that you define is only one and does not cover all, in fact they are not quite free in some ways because they are still trying to keep that source of passive income as stable as possible over time. The definition is quite complex and varies based on a person's financial level. My personal opinion, financial freedom is not from the level of achievement, but how I enjoy that achievement. I mean, passive income cannot ensure that someone does not pursue higher financial levels as long as they feel they have sufficient capabilities. That is, there is no opportunity to enjoy the achievements that exist.
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This space for rent. Available in mid January 2024 - PM me
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Razmirraz
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June 30, 2023, 03:14:12 PM |
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Investment, that's what I will do. Investment is not only as saving money but can benefit within a certain period of time, investment is the best way to earn profits while saving. There are so many benefits that can be achieved from investing, starting from the impact of inflation, adding to the list of wealth and anticipating old age.
If I have financial freedom I will choose the type of long-term investment, the funds that I allocate for investment can be used for retirement funds or meeting the needs of my old age. Real estate investment, such as buying land and buildings (houses) is a type of long-term investment instrument that is quite promising because its value continues to increase from year to year.
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