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Author Topic: What will you do when you have Financial Freedom?  (Read 1410 times)
nur rochid
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July 06, 2023, 02:45:39 AM
 #121

I will make sure I pass down my wealth to the younger generation within my family, the upcoming generation will benefit from it and I will also help a lot of people too, I believe the importance of Bitcoin is also necessary for the upcoming generation, I imagine myself funding a big Bitcoin promotion in the future, it's been part of my plan since few years now and I hope I live to make this happen.
Well I hope you can soon realize your dream. If you want to pass on your wealth to your next generation like your children. then what you need is to prepare your children to have good financial knowledge so that what you inherit is not wasted. Because I witnessed many parents who left a lot of wealth to their children. but their children cannot maintain the wealth because they are not good at managing the wealth they get from the inheritance. so that by the second or third generation everything has been used up and not much is left.

That is also what I've noticed now since the newer generation wants to live an easy-going life and doesn't want to learn how the parents business works but wants their wealth unless parents are really guiding their children and teaching them about their business so that they can continue it and make their business continue in the following generation. I also noticed that some of their children lose interest in their business because they want to get more into technology, which is why they don't want to continue it.
Correct. That's what sometimes makes parents a little difficult in educating their children. But our focus is to see and analyze what interests our children like the most. And we will see in what areas our children's potential can be developed. as long as our children's interest is in positive things, we must support it by providing the best education. But we also have to make them able to do what they are interested in but on the one hand we also have to teach them a sense of responsibility and they also have to know that one day they have to be ready to inherit all the companies that we have.
sometimes the child's wishes are different from the parents' wishes, and of course we cannot force the child's will. because many parents advise their children to continue the business that their parents have developed. as long as the child enjoys doing his hobby, the parents just have to direct him not to get off the path he has chosen, so that by doing what he likes, the child will be more enthusiastic about developing and does not have to be in accordance with the wishes of the parents
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July 06, 2023, 03:04:13 AM
 #122


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'm gonna buy whatever I want and need and live my life to the fullest. Also I'm going to donate to charities and help people as much as I can because too much money is too much if you already attained the status of being financially freedom. Helping those people that are in need is another achievement that I want to achieve if ever I got to that financial status in life.

Money shouldn't be wasted on your own needs and wants, and be greedy about it, but I guess it depends on a person, that's just my opinion.
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July 06, 2023, 03:31:40 AM
 #123

I will invest what I can afford to lose when i have financial freedom, because many people used their financial freedom to invest in a decentralized currency some years ago hope that within two years they will get double of what they invested that lead them to regret. Now that the price of Bitcoin is about to pump higher, which is the wish of every investors to win something big this year because through out last year was holding upon holding because of the low price that occurred through out last year. And if someone apply long holding in this season, he or she will experience massive profits that will attract other holders to swatch to long term holding too.

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July 06, 2023, 04:39:09 AM
 #124

I don't know when I will get financial freedom. Since you asked me to imagine that there is financial freedom. If I have financial freedom, I will give priority to my hobby. I wish I could do that because I have financial freedom. I will try to increase my assets so that even if I don't have financial freedom in the future, I won't have to face any problems. If possible, I will definitely buy bitcoins.
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July 06, 2023, 05:56:33 AM
 #125

I will make sure I pass down my wealth to the younger generation within my family, the upcoming generation will benefit from it and I will also help a lot of people too, I believe the importance of Bitcoin is also necessary for the upcoming generation, I imagine myself funding a big Bitcoin promotion in the future, it's been part of my plan since few years now and I hope I live to make this happen.
Well I hope you can soon realize your dream. If you want to pass on your wealth to your next generation like your children. then what you need is to prepare your children to have good financial knowledge so that what you inherit is not wasted. Because I witnessed many parents who left a lot of wealth to their children. but their children cannot maintain the wealth because they are not good at managing the wealth they get from the inheritance. so that by the second or third generation everything has been used up and not much is left.

That is also what I've noticed now since the newer generation wants to live an easy-going life and doesn't want to learn how the parents business works but wants their wealth unless parents are really guiding their children and teaching them about their business so that they can continue it and make their business continue in the following generation. I also noticed that some of their children lose interest in their business because they want to get more into technology, which is why they don't want to continue it.
Correct. That's what sometimes makes parents a little difficult in educating their children. But our focus is to see and analyze what interests our children like the most. And we will see in what areas our children's potential can be developed. as long as our children's interest is in positive things, we must support it by providing the best education. But we also have to make them able to do what they are interested in but on the one hand we also have to teach them a sense of responsibility and they also have to know that one day they have to be ready to inherit all the companies that we have.
sometimes the child's wishes are different from the parents' wishes, and of course we cannot force the child's will. because many parents advise their children to continue the business that their parents have developed. as long as the child enjoys doing his hobby, the parents just have to direct him not to get off the path he has chosen, so that by doing what he likes, the child will be more enthusiastic about developing and does not have to be in accordance with the wishes of the parents
It must also be realized that every child has his own desires and ideals,
so that the role of parents is to direct it and help develop it,
discussion between child and parent is very important.

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July 06, 2023, 06:37:16 AM
 #126

As it has been said, the journey is the reward. The journey to financial freedom is its reward because on that journey, you'd learn so many things about financial management which include financial planning, financial analysis, investment management, financing, risks management, cash flow management, financial reporting, financial control and others. They are the catalyst to reaching financial freedom faster. And at the point when you have financial freedom you will be able to naturally distinguish between your true wants, needs, liabilities and assets so as to stay financially free forever.

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July 06, 2023, 07:01:51 AM
Merited by fillippone (1)
 #127

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?

If you say in an ideal situation, financial freedom can be achieved but in reality, there is nothing like financial freedom till we blackout from existence because you know why, the discussion of inflation, the price increase will always be a topic of discussion as long as the economy is a concern, it is there and it is something that has been there, it just that we have not experienced it the way we have seen these kinds of waves surge in prices before.

To answer your question in an ideal state, I will take sometimes with my family and give them whatever they desire but then I am the kind of person that doesn't like extravagant spending, in everything I do, I try to live it with modesty so that guilt and regret don't set in, I don't know maybe it's my home training but instead of having a lavish lifestyle, I will help those who are in critical health condition, I will be remembered for that I believe.

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July 06, 2023, 07:05:56 AM
 #128

I have a dream to build a house in the countryside, away from the noise and pressure of living in the city with my children and partner (when I achieve financial freedom, that's what I will do)

but from what I noticed, everyone has different goals when they achieve financial freedom, I even asked my partner what would you do when you achieve financial freedom, he said he would focus on humanity and help people affected by disaster, however we live to be happy people and our dreams are our reason to keep moving forward.



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July 06, 2023, 07:24:10 AM
 #129

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?
The life that we live in life is not only talking about financial freedom and also does not always speak to increase financial freedom through investment and business methods. Preparing financial to be more independent is an obligation because we will be faced with responsibility for the family. When we have achieved everything, it is easier to drive a business or investment because we have a source of established economic power.

It's just that when we have nothing and just struggle to find the stages of financial freedom will be much more difficult, starting from zero will feel so heavy and often we have to stop through the process because of the many obstacles. Talking about the conditions of financial freedom that we have achieved, it will direct us to make investments and other businesses.

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July 06, 2023, 07:24:32 AM
 #130

if I have entered the phase of financial freedom, first I will make long-term investments that can guarantee me financial security and my savings remain safe in their initial position,
I will invest here in crypto and deposits in fiat, because both have their respective benefits.
but I think it will be difficult to achieve financial freedom at this time where the necessities of life, children's schooling is getting more expensive but income does not increase,

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July 06, 2023, 11:49:04 AM
 #131

Well, if I do achieve financial freedom as you asked, I will truly enjoy myself because I am aware of the difficulties I had to overcome prior to that point. However, I will continue to invest my money and ensure that my children do not experience the same difficulties as I did. I will also make sure to include them in my business and involve them in at least one or two ways. But seriously, if I achieve financial freedom as you asked, I will truly enjoy it because to get that stage is so difficult.

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July 06, 2023, 12:25:14 PM
 #132

sometimes the child's wishes are different from the parents' wishes, and of course we cannot force the child's will. because many parents advise their children to continue the business that their parents have developed. as long as the child enjoys doing his hobby, the parents just have to direct him not to get off the path he has chosen, so that by doing what he likes, the child will be more enthusiastic about developing and does not have to be in accordance with the wishes of the parents
What you say is really wise, because I think a child must also be self-aware that to be a successful person it is always difficult and not easy so the direction of his own parents is of course to achieve success in himself by trying to be more independent when he has continued the efforts of her parents. So a child must be able to consider this wisely rather than prioritizing a hobby that he likes, even though a hobby can also generate a lot of money as long as it is done consistently and not just for fun.

It must also be realized that every child has his own desires and ideals,
so that the role of parents is to direct it and help develop it,
discussion between child and parent is very important.
It's very important, it's obviously very important. Because discussions between children and people really have to be there and have to be very open because this is related to business and money issues. So desires and hobbies must be distinguished correctly so as not to disturb a child's concentration, because there are many people who end up having difficulties after following their own hobbies rather than directing their parents on a better path.

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July 06, 2023, 12:29:34 PM
 #133

If I become financially free, I will continue investing in meaningful things that will generate more money for me, not necessarily Bitcoin but estate, we know that houses and land as the case may be does not depreciate instead they will appreciate as time goes on, so investing your money will make you financially stable, I will also invest in oil which I know that despite the speculation that the world upgrade to an alternative source to either power cars or other things that needs this kind of mineral resources to function, till this moment it has not been achieved, even the Tesla cars started failing recently because of the battery, so don't limit yourself make sure you invest. Allowing your money to be idle in the bank or for just a few investments in the name of financial freedom will not do you good, get informed and be versatile in chasing money, don't let opportunities down instead embrace them for your good.


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July 06, 2023, 12:47:47 PM
 #134

sometimes the child's wishes are different from the parents' wishes, and of course we cannot force the child's will. because many parents advise their children to continue the business that their parents have developed. as long as the child enjoys doing his hobby, the parents just have to direct him not to get off the path he has chosen, so that by doing what he likes, the child will be more enthusiastic about developing and does not have to be in accordance with the wishes of the parents
What you say is really wise, because I think a child must also be self-aware that to be a successful person it is always difficult and not easy so the direction of his own parents is of course to achieve success in himself by trying to be more independent when he has continued the efforts of her parents. So a child must be able to consider this wisely rather than prioritizing a hobby that he likes, even though a hobby can also generate a lot of money as long as it is done consistently and not just for fun.

Maybe try to see it first on what your child like to achieve when he grow up since if we push those things that we only like and they don't have any interest about it then provably all of it will became to a mess. Just guide them on the path they want to take since for sure they will be more inspired to became a successful person in future. Right now people becoming more independent so its good that we give freedom to chose on what they like since in future this could give them financial stability.

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July 06, 2023, 01:14:18 PM
 #135

Well, if I do achieve financial freedom as you asked, I will truly enjoy myself because I am aware of the difficulties I had to overcome prior to that point. However, I will continue to invest my money and ensure that my children do not experience the same difficulties as I did. I will also make sure to include them in my business and involve them in at least one or two ways. But seriously, if I achieve financial freedom as you asked, I will truly enjoy it because to get that stage is so difficult.
Of course everyone will enjoy it too but it's a good thing if you still want to invest and teach a lesson for family or close friends to achieve the same thing.
For me personally, I will not do many things with high risk. Even if I choose to invest, I will limit it and also will not be too ambitious because I know that every investment has a risk and the rest I will enjoy my life without having to think about anything else.
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July 06, 2023, 01:22:18 PM
 #136



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?


I will not reach financial freedom without getting help from people who helped me realized this, so I will do a campaign to help people reach their financial freedom just like those who help me did it, life is not about always enjoying our wealth its about helping people and be a blessing to other people.

I will continue to set up companies to give people jobs and sponsor people in their education, this is what good people do to get back the great things they have received one example of this is Bill Gates.

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July 06, 2023, 01:43:00 PM
 #137

Well, if I do achieve financial freedom as you asked, I will truly enjoy myself because I am aware of the difficulties I had to overcome prior to that point. However, I will continue to invest my money and ensure that my children do not experience the same difficulties as I did. I will also make sure to include them in my business and involve them in at least one or two ways. But seriously, if I achieve financial freedom as you asked, I will truly enjoy it because to get that stage is so difficult.
Of course everyone will enjoy it too but it's a good thing if you still want to invest and teach a lesson for family or close friends to achieve the same thing.
For me personally, I will not do many things with high risk. Even if I choose to invest, I will limit it and also will not be too ambitious because I know that every investment has a risk and the rest I will enjoy my life without having to think about anything else.

Once we become financially free, meaning we don't have to worry too much about money, so why do so many people still want to continue to take investment risks? I agree with you, we should limit our investments and stay away from risky investments because they only make us more stressed and uncomfortable to enjoy life the way we want.

I will spend a lot of time with my family and children, I will not invest too much in highly volatile assets. Real estate and gold would be my goals if I were to be financially free.

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July 06, 2023, 02:05:48 PM
 #138

Of course everyone will enjoy it too but it's a good thing if you still want to invest and teach a lesson for family or close friends to achieve the same thing.
For me personally, I will not do many things with high risk. Even if I choose to invest, I will limit it and also will not be too ambitious because I know that every investment has a risk and the rest I will enjoy my life without having to think about anything else.
Financial freedom is the personal desire of every person, tired of a hard life, especially in economic matters. Everyone wants the best for their family, even though they are going through difficult times but they don't want the same to happen to their children in the future. Investing is a great initiative to increase one's chances of achieving financial freedom, but still, to be able to achieve something requires sacrifice first and is quite a lengthy process. In my opinion, one of the steps we can take if we want to achieve financial freedom in the future is to try to eliminate some of the bad habits within us and then change them with more positive things that will have a positive impact on life in the future. Take advantage of every opportunity that comes your way and start saving, then the last thing is to change your mindset.

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July 06, 2023, 02:32:39 PM
 #139

Well, if I do achieve financial freedom as you asked, I will truly enjoy myself because I am aware of the difficulties I had to overcome prior to that point. However, I will continue to invest my money and ensure that my children do not experience the same difficulties as I did. I will also make sure to include them in my business and involve them in at least one or two ways. But seriously, if I achieve financial freedom as you asked, I will truly enjoy it because to get that stage is so difficult.

You mightn't have to involved your children in your business, you can just open an investment account for them. You can create a Bitcoin wallet and keep stacking up Bitcoin for their future and also do other investments so you don't waste the money by just enjoying yourself. When you get financial freedom, you have to start planning for your future generations and not just yourself so they too don't have to surfer as you did because you ancestors didn't plan well.

Those difficulties you encountered are the things that prepared you to be strong and for the life you'll be enjoying during your financial freedom stages therefore don't see them as a struggle you had instead as the things that prepared you for who you'll become in the future.

R


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July 06, 2023, 02:47:24 PM
 #140

It reminds me of a story about a child's wish that I heard from a teacher, that what we really want is to want nothing at all. The freedom that we seek and cling to in an effort to make money, spend a lot of money to satisfy ourselves or help others is the goal. I think that not sure if a lot of money is freedom or not, but if you just enjoy it, to some extent money will solve your desires, the more money you have, the greater the responsibility. The story of the world's billionaires they have a lot of money, and they can't spend it all, but they are always responsible for building and developing society. So the degree of freedom that I want to note is that we should always try harder, not for personal gain.
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