The definition of financial independence is different for everyone, for some, it is to have substantial amount of money, while for others it may mean being able to hobnob with the rich and famous, while for some it may just mean the elimination of all worries with regards with money and finances, so what is the "right" definition?
YOUR DEFINITION!
When it comes to goal setting with the aim of achieving financial independence, the only thing that is truly important is what you believe and value. The moment you start trying to live by someone else's standards, you are most likely remain discontented and may cause you to be miserable the rest of your life.
What is your standard for financial independence?
To help us define what is our standard for financial independence we have to envision our future, not just in terms of monetary milestones but in terms of what our life would look like once we have achieve independence.
VISUALIZE yourself actually spending money on things you have always wanted. Would you move to a bigger house? how many rooms will it have? imagine yourself in your very own and private "music room" where you can spend all day listening to your favorite music from the latest high-tech audio components.
The problem for some of us is that we have stopped dreaming, we assumed that if we don't think too much of our financial worries, it might make our frustrations a little easier to endure, but this is how life goes, we may not get everything we want immediately, with proper planning and preparation, we may however still get it in the future, but we have to know "WHAT IS IT THAT WE REALLY WANT". All of these will have clarity once we start defining our standard for financial independence.
YOUR DEFINITION!
When it comes to goal setting with the aim of achieving financial independence, the only thing that is truly important is what you believe and value. The moment you start trying to live by someone else's standards, you are most likely remain discontented and may cause you to be miserable the rest of your life.
What is your standard for financial independence?
To help us define what is our standard for financial independence we have to envision our future, not just in terms of monetary milestones but in terms of what our life would look like once we have achieve independence.
VISUALIZE yourself actually spending money on things you have always wanted. Would you move to a bigger house? how many rooms will it have? imagine yourself in your very own and private "music room" where you can spend all day listening to your favorite music from the latest high-tech audio components.
The problem for some of us is that we have stopped dreaming, we assumed that if we don't think too much of our financial worries, it might make our frustrations a little easier to endure, but this is how life goes, we may not get everything we want immediately, with proper planning and preparation, we may however still get it in the future, but we have to know "WHAT IS IT THAT WE REALLY WANT". All of these will have clarity once we start defining our standard for financial independence.
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