Financial Freedom or Freedom From Finance?

in finance •  5 months ago 

Hey Jessvestors

There ain't a single person in crypto not in it to make money, change my mind! We're all here for the promise of free internet money and major gains, the financial rewards are obvious in this early stage of crypto and while there are so many altruistic parts to the economy people get into crypto for the promise of financial freedom.

The idea that in a second you could have bought the right cryptocurrency or backed the right project early on and be rewarded with millions of dollars is the dream of many. You can then sit back and enjoy the freedom that comes with not having to work to pay your bills and doing exactly what you want to do on your own time.

It's like this unicorn we're all chasing and then we're going to be happy right? No more slave to the system, living my best life over here people.


Image source: medium - wealthrituals

I can't vouch for the authenticity of these numbers, but do they matter? I think the options available matter more than anything esle and the overall odds of achieving these goals.

  • 1% will be considered wealthy (financial freedom on their terms)
  • 3% will have adequate savings to be secure without any financial help.
  • 7% will still be working…because they have to (not because they want to).
  • 74% are dependent on the Age Pension, family, friends or charity.
  • and the other 15%? …well, unfortunately, they don’t make it to 65.

Source: wealthcreationforgenx

Consume too much

That outcome seems pretty bleak for most people chasing this goal and why is that? Yes we need money to live but you'll be surprised at how much you actually need once you cut out the things like designer clothing, the latest tech, iTunes subscriptions and all those things you feel you need but don't actually need.

All the junk you've bought over the years that are stoke piled in your home are not just collecting dust but its money that could have been invested to earn you money over time.

It's not just about putting away for a rainy day, its about putting away for every day. We don't know how much time we have here so, by all means, spend if you feel an opportunity of a lifetime comes along, book that flight, buy that surfboard, spend money that invests in your happiness and enriches your soul with compound interest.

The rest however you can put towards various savings options, maybe some risky undertakings like crypto and who knows how cosy you could be in a few years. Too many people want crypto moon now because they want to buy stuff now, they have this wish list of desires.

Steem didn't moon so I can't go on holiday so steem sucks and I'm powering down is a sentiment I see quite often. Investing time and money is not about living in the now, it's about banking it for the future.

We don't know where this thing is going, the Bitcoin Pizza guy didn't either, now his out 10 000 BTC but he was living in the now, nothing wrong with a little YOLO but maybe think about what you want to achieve and why you do what you do to earn cash. Those 10 000 BTC could bring you pizza for life and what a wonderful feeling that would have been right?

Faux financial freedom

Financial freedom is the pitch of every business guru, scam and motivational speaker. You're going to go out there hustle hard and then sit around and reap all the benefits for years to come. While its not impossible most people won't reach that level of financial freedom, those gurus will be getting enough people to pay them $29.95 for their courses.

Don't fall for that nonsense, find out what you need to live and work out on how to save towards being able to live comfortably without having to rely on trading your time for money for the rest of your life.

Have your say

Do you think financial freedom is the dream? What would you do if you were instantly capable of never having to work again, how would you spend your time?

Holla at me in the comments! All my commenters I will now refer to as Jessie. Jessie is a good friend of mine, but Jessies got a girl, and I want to make her mine.

So have at it my Jessies! If you don't have something to comment, simply comment "I am a Jessie."

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I would help more people mainly via volunteering as not having to get a paid job will free up that time.

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That would be a really cool initiative for sure it would go a long way if more people had the time and resources to uplift others!

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Indeed it would.

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Why many people seems to be disappointed at cryptosystem at the first stage is that majority comes with the quickly get rich mindset or become a millionaire within some few months or weeks and when their desired is not meant, they become disappointed

Lol which is funny because what are you spending your time on now? Is it still getting rich tactics? Crypto will make quite a few people rich for sure but for most people it wont! Same with Instagram, YouTube and any other system!

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Great post. I've been thinking about this a lot myself lately. I see blockchain technology as the next phase of the internet, so if you're diversified in coins, you stand to gain quite a bit. It's just a matter of time, in my mind. And time is an illusion created so that we can experience this 3D world.

So... Maybe we should organize a collective steemit meditation to focus consciousness on accelerating the rise of crypto...

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You are either free or dom... 100% thought of that myself :)

Free from finance is not something we can really comprehend but maybe financial freedom by having everyone able to have access to what they need a little communism goes a long way?

As for fuck you money heck I have a lot I would like to do most will be created to keep people away because happy people are quiet or dead I will just give people shit and give them a means then they can shut the fuck up. Slowly build my own little google town and before you know it I own a province Lesotho v2. But better.

Lol free from finance is like trying to comprehend the 4th dimension at this point! I think there will always be those who want more stuff.

I just think want to have enough to survive and not have to worry about shit, pick up odd jobs, help out here and there

We could all do with fuck you money, I’m just happy with small fuck you! Lol I’ve never been to Swaziland or Lesotho would like to go just to see if it’s not wakanda

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