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Author Topic: What will you do when you have Financial Freedom?  (Read 1410 times)
JoyMarsha
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June 30, 2023, 09:18:39 PM
 #41

If I am successful in achieving financial freedom, the first thing I will do is vanish to a location where I won't be bothered by anyone. I'll stay there for a time and consider how I'll start living my own life. After I have finished thinking about and making plans for my life, I will start by providing for the underprivileged, enhancing my family so that they rely on me, creating industries that will employ people, supporting and nurturing people's talents financially, and finally, I will store wealth (such as gold, real estate, and bitcoin) for the future of my children so that they will have something to hold onto to survive when I am no longer on this planet.

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June 30, 2023, 09:32:29 PM
 #42

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?


Anyone sane will say these two, maybe even both like me.

Either you wanted to invest on yourself, or invest in your wealth more. It's plain simple. Upon achieving financial freedom, the burden of living day to day chasing that bag is finally over, and while during the ordeal you might find the whole thing taxing and depressing at times, I'll tell you that once the dust has settled and you're no longer broke, you'd miss the days when you're busy as hell. Which is why you'd find things to be busy about where you could sink your hours in. Some find it through working out and becoming a healthier version of themselves, some people invests in memories and experiences, so they go out, travel, hike, all that stuff. Some invest in luxury, they'd buy stuff that they think they need or deserve, and then buy some more. It all boils down to filling that need to pass the time, and this is the common stuff that people who are financially independent do.

On the other hand, we have the sigma grinders (lmao), people who'd find more opportunities for work instead of relaxing and taking this opportunity to finally relax, whether it's the fear of losing this financial capacity or the utter boredom that lead them to find work again, it's all about once again, finding the perfect activity to pass the time, and to these people, this is just the best.

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June 30, 2023, 09:32:50 PM
 #43

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?

If I happen to be on the state where I acquired financial freedom then I'll just continue what I am doing.  In addition I will dedicate some of my extra earnings to help the needy by donating on charity every now and then.  I am used to a simple life so I think I wouldn't indulge myself to some luxurious activities but I plan to reward my hard work every now and then.
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June 30, 2023, 09:37:05 PM
 #44

Long short answer: will stop thinking.

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June 30, 2023, 09:38:49 PM
 #45

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.

But not everyone is also able to achieve financial freedom at this time, because there are many people who fail after struggling with conditions that may be unusual for them. But if there are people who want to take advantage of financial freedom for good things, of course it will be seen as very extraordinary for everyone because the benefits are very clear. And you yourself can actually achieve financial freedom as long as you still have the desire to achieve it in your own life.

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June 30, 2023, 09:39:58 PM
 #46

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?


Here would be my lists.

1. Continue on making other source of income- Diversification would be always best
2. Maintain healthy lifestyle
3. Time deposits
4. Buying property that have appreciating value
5. Saving up for my children
6. Travel with my wife on place that we've been hoping or wishing since
7. Zero Debts

All of us would really be hoping or wishing on having that kind of situation in life on being financially free or something that
dont really have any problems when it comes to money because even if we do say that money cant be everything but we know that
we would really be struggling on living if we dont have these things in the first place.

R


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June 30, 2023, 10:11:49 PM
 #47

Since I can have my vacation and that's the first thing that I've thought if I achieve kind of life, so it should no longer be a goal to me. I'll continue to invest and make businesses and partnerships so that I can generate more jobs and this is going to be the way of my giving back to people.
Not into cash form but into the form of making more jobs so that people that I wanna help will have their own jobs and hopefully that they're going to love it and also pass the goodness into other people so that they can also help in any way that they can.

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June 30, 2023, 10:52:53 PM
 #48

I'd probably study again. Not the school kind of study, I'd probably like to intern in some major game dev companies or illustration companies out there, either of the two works since I'm working on developing myself towards those two goals. It's also a kind of vacation I guess? An out-of-country experience would definitely be one of the things I'd want for a vacation after all, so two birds with one stone. I'm relatively content with a passive income that's enough to support me and my family so I don't think I'd have goals to increase that. An increase in savings would probably be due to left over money from my salary or sidegigs really.

R


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June 30, 2023, 11:18:33 PM
 #49

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?

Invest more that's how I'll enjoy my life, my investment now will be done in a bigger way because I'll not be scared of losing money anymore since I have enough. Investing will also make it possible for your money to keep on growing. When you're financial free don't relax as an individual stop growing when he feels he has nothing left to learn but you have to keep learning always as new things are been inverted daily.

Been financially free doesn't means you can't go broke again so instead of wasting those money you made partying with people that weren't there when you were struggling, you have to invest the money into investment that last a lifetime so you keep getting paid until you die.

R


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June 30, 2023, 11:24:33 PM
 #50

On the time that you do achieve that financial freedom then what mainly comes into your mind first is on buying the things that you do want and experience on the things that you havent experienced before.
For sure you would really be knowing the basic principle about risks taking and how you should carefully be spending your richness because we know that nothing is permanent and everything do really
comes from hard work and wise decisions that you had made to achieve this state. For sure you would really be buying mostly on things that you do want before and now contentment would really be questionable
because we know that human beings doesnt have contentment.

If you are really that sensible towards your actions then you would most likely be trying to continue on where you have started and even achieving success doesnt mean that you should completely stop.

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bayu7adi
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June 30, 2023, 11:32:22 PM
 #51

Wow... It seems intriguing to indulge in some daydreaming for a moment.  Smiley

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?
Help the economic well-being of others. I prefer to share happiness with others once I am no longer concerned about money.

Indeed, it is true that we can help others without waiting for financial freedom to arrive. However, I still believe that money is the easiest way to aid others. As a lazy person, I prefer to accomplish things in a simple manner. And that is my simplest approach.

I also dislike simply giving money to others. Instead of handing them fish, I would rather provide them with a fishing rod. In other words, I prefer to offer them the means to survive, and the tangible proof of that is my attainment of financial freedom.
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June 30, 2023, 11:44:32 PM
 #52

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.

What you have described is not financial freedom, it's financial security and financial independence. Financial freedom is when you are free to do with your assets whatever you want.

If I had full financial security, I would focus on charity and politics. I would donate money to help people who struggle (and not only people, I'd also help animal rescue organizations), and I would also support those who try to make my country better - certain politicians, journalists, NGOs, etc.

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June 30, 2023, 11:59:20 PM
 #53

Ofcourse we will go to the most beautiful places in the world, then eat at delicious restaurants, swim at beautiful beaches with my families. I will do everything that I can be done to enjoy myself but still have control over money so that the money I earned is not wasted. Then after I'm done enjoying myself, I'll do activities to help those in need like raise the feeding program and many more.

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July 01, 2023, 12:36:53 AM
 #54

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.
Thats human being for you mate, you can never just have enough money to feel relaxed. The example you gave are just it because with what OP is trying to say I think will classify elon musk as one of the financially free persons who ought to relax but thats not the cases with him, because he is human and every human quest for the taste to be on top and have more to what they already have.

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July 01, 2023, 02:22:06 AM
 #55

What will you do when you have Financial Freedom?

When I achieve financial freedom, I will continue investing in Bitcoin, as I consider it the best asset for investment that can potentially reward its investors with substantial profit. I believe by investing in Bitcoin I can secure my financial stability and live a comfortable life without constant need to search for employment for regular income. In my view financial freedom goes beyond personnel gains, it provides an opportunity to make contribution for social works and support those in genuine need. Therefore, I would allocate a major portion of my resources for social initiatives. This endeavor serves as my innate desire of fulfillment of purpose of life, and internal happiness.









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July 01, 2023, 02:46:38 AM
Merited by mamesso (1), Ahli38 (1)
 #56

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 know if I have the competence to answer that question or not. But if I imagine that I already have financial freedom, the first thing I do is enjoy it, live quietly and do the things I love.

Furthermore, because I am a person who has experienced a life of deprivation, I will try to help the people closest to me to gain adequate financial capabilities. Maybe I'll help them with their business, or something else they do. I will not force them to do the business that I do, I still free them with the business they like

I will also give some of my money to help and donate to the poor or people who are on the streets. I believe that one of the ways we can stay healthy and not waste money is to remember those who are less fortunate financially

But I don't know when I will have financial freedom, I am trying to get there. My target in 10 years, hopefully it can be realized and I will do what I wrote here

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July 01, 2023, 02:51:15 AM
 #57

We work and invest, and the ultimate goal is to become financially free, and when it comes to that, other than spending to satisfy and fulfill my dreams, I don't think I can do much more than that.  i know this is just a topic for entertainment after many heated debates, but it really isn't necessary as each person will have their own way of spending money to satisfy themselves.  what we need to discuss is how being financially free can be more enjoyable.

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July 01, 2023, 06:49:55 AM
 #58

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?


Here would be my lists.

1. Continue on making other source of income- Diversification would be always best
2. Maintain healthy lifestyle
3. Time deposits
4. Buying property that have appreciating value
5. Saving up for my children
6. Travel with my wife on place that we've been hoping or wishing since
7. Zero Debts

All of us would really be hoping or wishing on having that kind of situation in life on being financially free or something that
dont really have any problems when it comes to money because even if we do say that money cant be everything but we know that
we would really be struggling on living if we dont have these things in the first place.

I'm quite interested in point 7. Zero Debts from what you said above. For me. The biggest financial freedom is if someone doesn't have point 7, either service debt or financial debt.

The question is whether there is potential for someone to be like that at a time like this?

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July 01, 2023, 07:01:22 AM
 #59

...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?
Enjoyment isn't what I'm aiming for in life, or maybe it's understood in other ways about what we know about this life. As before, the difficult life helped me realize that I had to try harder in life, when I got out of debt, and had excess money, I began to think about the people around me who helped me and made me feel better. I want to find ways to help back them up. I don't think about financial freedom much, because life is inherently too many things and there seems to be no limit to satisfaction, instead of chasing the destination, I understand the value of letting go and be grateful for that. The bigger the position, the greater the responsibility, we try to be really rich just to enjoy and I know that's not the case, so from the beginning, let's share and help those around us. Whether we are poor or rich, we are always ready to share what we have

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July 01, 2023, 07:09:16 AM
 #60

The answer is easy. I will continue looking for other sources of income that can provide more money and increase the amount in my account. As you said, I will enjoy everything with my family and vacation daily.

I may also prepare a source of income for my children so that they can be financially free and have more free time to do other things. I can say that for now because I haven't reached the stage of financial freedom yet and I'm still trying.

And once I achieve financial freedom, I'll think about what I can do, be it earning more money or doing something else. Hopefully, once the market recovers, it can happen so I can get a feel for it more quickly.

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