FrozenBit
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June 30, 2023, 03:16:57 PM |
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I'm always trying to make my life and the people around me better, although what I see as an adult what I'm doing or what other people think of my work in terms of my chances of success is unlikely out, however I choose to be silent and keep trying. Perhaps the place where I share more about my thoughts is this forum than my real life, financial freedom, because I don't have the need to live in a large, fully furnished house, just as long as they are enough for me to feel safe, I don't want to drive luxury cars, wear nice clothes, eat good food, and have a lot of luxuries,... sometimes I see someone's pleasure that they give that other people are not as bad as they are, I just laugh at the fact that life is just an external thing that we hold, let go of it and don't chase it at all costs, just live it well and Useful is my thinking about financial freedom or not freedom about it.
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Unbunplease
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June 30, 2023, 03:24:16 PM |
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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.
Financial freedom is mostly ephemeral. The more financial means, the more desires and the more expenses (often completely unnecessary). As a result, financial freedom can imperceptibly turn into financial slavery. Living on passive income is fine, but at any moment this passive income can run out, or expenses can skyrocket for any reason.
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LogitechMouse
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June 30, 2023, 03:48:22 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?
It's easy to say to other people that they've reached the point where they are financially free, but the reality is, they will, but only for a brief moment. It's because most people aren't contented with what they have especially when we are talking about money? There are people whose dream is to just have a million dollars, and when they reached that price, they will ask for a higher, and a higher amount in the future. Anyway, let's just look at the quick definition of financial freedom on one of the websites: https://smartasset.com/financial-advisor/financial-freedomFinancial freedom is a state of having enough money and assets to live the way you want without being dependent on a fixed income Take note that term "enough" is a broad word, and sometimes people don't know what's enough for them especially when it comes to money. I guess if a person have enough passive income to support his monthly needs then we can consider that person as a financially free already? Well, TBH I don't know what will I do if I reached that status of my life already. I guess I will just help other people in some ways, and as a person that has a huge empathy to animals especially dogs, I think I'll just help those NGO's that is focused on dogs, and other animals. Anyway, I'm still far from being financially free, but I think I'm having a progress every single day for me to achieve that thing.
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Lorence.xD
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June 30, 2023, 03:59:02 PM |
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Of course once I achieved almost everyone's aiming at life, I would start with managing my money first like make sure I have some investment for that financial freedom will last long. If it's assured that already, then I would start buying houses which could be useful to for me since it can be use for rental in case there's no occupant. Then slowly enjoy life with doing the things I love with the person who's with me even before achieving my success.
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salad daging
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June 30, 2023, 04:13:20 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 want what I dream of to come true with financial freedom, that is to become a life goal and enjoy old age with my family and grandchildren traveling for holidays around the world. 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.
The goal of many people is always to travel the world to taste many things there, especially for holidays without being affected by any burden because we have financial freedom. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) How dissatisfied to visit a country for the first time is the desire of many people, but because they are limited in finances, they are not able to have a vacation abroad.
Invest in bitcoin, if it is more profitable then it can be used to travel abroad. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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alastantiger
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June 30, 2023, 04:25:47 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?
Financial freedom is what everyone who is not a trust fund baby or anyone born without a silver spoon strives towards. It's the reason why we went to college to get a degree so we can get good jobs with great pay. It's the reason why we believe and are investing in Bitcoin. When I finally achieve financial freedom what will I do? 1. I would start a real estate and software company. 2. I would relocate to a country that's a tax Haven. 3. I would start a YouTube channel and recount my journey towards financial freedom and how I got there. 4. I would build a school or two in an impoverished region of world.
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xSkylarx
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June 30, 2023, 04:35:11 PM |
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For sure, you'll get bored with having a vacation anywhere. What's best is that you really want to invest more in the trends of that time, build more companies, and generate more jobs to help other people. That is really what we want for sure, and we also want to gain more wealth for sure, aiming for the top richest man in the world. It is really best to make yourself known to the whole world, but again, this is just my imagination, but if this really happened, then for sure that is what I would do.
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Litzki1990
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June 30, 2023, 04:41:05 PM |
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How much money does a person have to be financially independent? Basically, financial freedom is not available to anyone. If money had limitations, financial freedom would exist. He who has money wants to increase his money. If someone is earning 10000 dollars every month then he will have target how to increase his income as we always have more expectations in our mind we are never financially independent. But if you have a large amount of money, you can do various things with that money. And through money one can change one's lifestyle and live well with one's family. But I would say that a person will be financially independent only when that person has no more need for financial income.
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aylabadia05
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June 30, 2023, 04:55:34 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?
Enjoy it with loved ones (parents, wives, children) and share conveniences with those who need it like children who do not have parents. Traveling around the world with them while feeling the special food of each country that will be visited. I know this is just a series of stories with the intention to refresh my mind and I think this is good for entertaining myself. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Even though the world is currently getting routine income is very difficult, at least it can still fantasize being a person with high income. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Peanutswar
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June 30, 2023, 05:07:09 PM |
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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?
You are already living at everyone's dream, of course, you will use all of that wealth to satisfy yourself by doing the things you didn't do yet, another thing is until when?. People becomes a one day millionaire they keep spending a lot of money with their satisfaction for example the millionaires in the lotto of them spend that money instantly in just a month or a year and didn't goes well they didn't manage it properly and wasted the chance to get increase their lifestyle. The reason why ideal to keep an investment let your money makes more money into you so you don't need to suffer again anymore. Proper money management makes you get out in the poor lifestyle again.
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cabron
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June 30, 2023, 05:09:36 PM |
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How much money does a person have to be financially independent? Basically, financial freedom is not available to anyone. If money had limitations, financial freedom would exist. He who has money wants to increase his money. If someone is earning 10000 dollars every month then he will have target how to increase his income as we always have more expectations in our mind we are never financially independent. But if you have a large amount of money, you can do various things with that money. And through money one can change one's lifestyle and live well with one's family. But I would say that a person will be financially independent only when that person has no more need for financial income.
You don't need that much to be financially independent when you are able to work and have your own investment that grows and you have passive income that pays the bill, you have freedom. you don't need to have a huge house beside a lake. You can have a townhouse and do whatever you can do with it. That's financial freedom. He can aim for more than 10k but to some it's more than enough. I might do things that I have not tried before like going to riding a submarine down to Titanic shipwreck ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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hyudien
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June 30, 2023, 05:58:15 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. I agree with what you say, I don't understand why financial freedom is sought when everyone can determine their life path in their own way. It is difficult to measure the meaning of one's financial freedom, even with different levels of freedom that will not always provide a choice. For example, if you measure financial freedom by having passive income, I guarantee that the higher the income, the greater the expenditure. No one is really satisfied and no one really feels enough with what they have produced.
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Ultegra134
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June 30, 2023, 06:03:13 PM |
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Certainly get rid of the 9-5 lifestyle if it's present or do everything to avoid it anytime in the future, supposing that financial freedom derives from another source of income, such as cryptocurrency investments or stocks. My next goal would be to continue investing. I wouldn't rest assured, but I would continue investing my money wherever possible and attempt to have multiple sources of income flowing, from passive sources if possible, such as dividends or staking, to remote working. In the meantime, I'd constantly travel the world. Material stuff doesn't matter; we won't be here forever, and our goal should be something more meaningful than buying a new car or fancy clothes.
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Ndabagi01
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June 30, 2023, 06:55:49 PM |
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That is my greatest ambition, and I hope it will come true soon. Despite the fact that I am the type of person who is content with what I have, I continually strive for greater heights whenever the opportunity arises. Financial freedom does not imply that you would be lenient and lazy with your finances. You'll need to get up and continue to generate steady passive money. If that financial freedom occurs, my relatives and loved ones will be my first priority to enjoy this moment with me, and the money will be channeled more through charity courses to help those in need all over the world.
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SmartGold01
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June 30, 2023, 06:59:34 PM |
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Quick search from wikipedia This is what I see by financial freedom Financial independence is the status of having enough income or wealth sufficient to pay one's living expenses for the rest of one's life without having to be employed or dependent on others. Income earned without having to work a job is commonly referred to as passive income. At this point what you need is to stay in favorable place to enjoy your wealth and there's nothing much to have bothered your mind than investing more to continue flowing in wealth and riches. Everyone out there need money and love a constant flow of money without any barrier or limitations, those whom you known to be the richest today in world are people who continue investments, that is the only way they could remain at the top than just fold your arms and keep enjoying them may likely leads into poverty if not properly invested.
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BIT-BENDER
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June 30, 2023, 07:03:33 PM |
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Its widely said that human want is unlimited the more you get the more you want so financial freedom has to do with finances but also how you channel your mind. What you consider financial freedom I may not consider it a financial freedom so I would be using my own point of view
I come from a country where your work more and get paid less, so if I am financially free I would definitely stop working for other and even the government. I would want to leave a legacy for my offspring and atleast stretch the financial freedom across generations, so I would have some establishment, real estate, industrial production. Well definitely I would go on some expensive vacation to explore the earth.
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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Vaskiy
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June 30, 2023, 07:05:35 PM |
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To this time it is true that I'm financially free as I've got good earning. What'll be the scenario of tomorrow isn't known. In the past we've seen so many incidents in which a natural disaster changes the life of people completely in few days. So we can't be sure of anything. However staying positive is good and in that means I'll proceed to invest more. Prioritise spending good time with family. Educate others the way followed to reach the current position, Travel the world and explore different cultures and make good relationship with people around the world.
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Bushdark
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June 30, 2023, 08:00:17 PM |
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Financial freedom is what everyone of us is fighting for and getting it is one of the things that would make life more comfortable for us. Getting financial freedom does not mean that we are not going to keep hustling to make more money to be more substantial financially. Those that have substantial money are people that have really hustle creating businesses that is giving them consistent profits. Anything we are doing, we should always make sure that our aim is to make money that will be substantial to cover our bills and utility expenses.
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Framelover
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June 30, 2023, 08:15:07 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?
Exploring the captivating idea of financial freedom, we can envision a life in which our passive income supports us while we relish the rewards of our hard work. Should I attain such liberty, I would prioritize various aspects of life to genuinely relish and maximize this newfound independence. Having financial freedom presents a remarkable opportunity to create a positive influence on others' lives. I would proactively seek out charitable causes and organizations that resonate with my values, lending support to initiatives that tackle societal issues and uplift those who require assistance. Giving back to the society is everything to me, and that is my major goal in life as well as what I recognize as a fulfilled life.
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Iadegbola34
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June 30, 2023, 08:25:05 PM |
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If I had financial freedom, I'd definitely travel the world and explore new places without any worries. I'd also invest more time in my hobbies and passions, maybe even start a charity to give back to the community. And of course, spoiling myself and my loved ones would be on the list too! 😄🌴🌟
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