225: Financial Freedom – Friday Fundamentals

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Financial Freedom

Freedom is the power or right to act, speak, or think as one wants without hindrance or restraint. Freedom can mean many things, and obviously here on The Real Estate Way to Wealth and Freedom, it’s a pillar. In the U.S. and throughout much of the world, we are privileged with many freedoms. Freedom to live where we want, work where we want, do what we want, raise a family how we want, and so much more. We have countless opportunities available to us. Freedom is about being able to take control of your life and do the things you want.

With freedom comes both the responsibility and the opportunity to do the things that matter to you. When you exercise your freedom, you are not only helping yourself but you can also help others. You have the freedom to change things for the better, improve your own life so you can help other people, and take full advantage of the world of opportunities at your disposal.

Real estate investing is one of the many freedoms we like to exercise here on the Real Estate Way to Wealth and Freedom. We can take owning real estate for granted. In some parts of the world, owning real estate isn’t nearly as possible as it is here in the U.S. and the large majority of the rest of the world. With real estate investing comes many other possible freedoms, like financial freedom and security.

Your Financial Freedom

Freedom comes in many forms, and financial freedom is one of them. Financial freedom will give you the freedom to do the things you enjoy, rather than doing things you are required to do to make a living. Without financial freedom, you’re tied to trading your time for dollars. While it may be a great pay off (you’re making great money for the time you trade it for), you still don’t have the freedom to do what you want, when you want, where you want. Once you achieve financial freedom you will have many more opportunities to live a life you want. Here are just a few ways:

  1. You will be able to earn income on your own terms. You can work on things that excite and fulfill you. You won’t necessarily have to do what pays the most, but rather what you want.
  2. Financial freedom will give you location independence, meaning you can live and work anywhere you want.
  3. You’ll have the ability and capacity to help other people. You have to first be able to take care of yourself before you can take care of other people. If you have put yourself in a position of financial freedom, then you will be able to help others achieve their goals.

Take Control

Freedom is only available to those who take advantage of it. You have to be willing to take some risks in exchange for financial freedom. It will require some sacrifices. But to avoid pursuing any type of freedom so to avoid these risks is just a shame. Take control of your life. Pursue everything that interests you. Leave no stone unturned in this life. Take some risks, explore new ideas, take on exciting challenges, and exercise every freedom you possibly can.

Resources

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