What Does Existing Outside Of The Finance System Look Like?

Living off grid should bring up various results. Some spiritual teachers would count among this number (every wild animal would also count!).

Being financially independent is different to being financially free. Independence is only temporary if the money owns you.

– How to be in a pleasant financial situation where by his assets create enough residual income to pay his expenses, whilst allowing you to experience of comfortable day-to-day living.

In this respect, he would need to i) understand the difference between assets and liabilities; and ii) understand the difference (and value) of between being employed, self employed, a business owner and an investor.

These paradigms are introduced and discussed in the 'Rich Dad, Poor Dad 1 & 2' books. It is also recommended that the OP reads 'Think and Grow Rich' by Napoleon Hill.

There is immense value in creating a peer group who strive to be on a similar path than you; and a mentor who has achieved your goal. The peer group lend you extra eyes and ears to opportunities, resources and learnings.

The mentor himself speeds up your journey by helping you to avoid pitfalls along the way. However, you must be prepared to trust them implicitly.

The biggest stumbling block to having a mentor is listening to them but not implementing their teachings because their learned view of the world does not match yours. This will keep you stuck.

You also need to read a lot and read widely. Every book is an asset that feeds your mind (where all riches start). These are more important than mentors and peers. Read 'How to Read a Book' it will teach you good habits.

Once you have achieved your goal and created assets, you now have the task of managing those assets. This will be a new type of problem but one preferable to living in poverty.

However, asset management does not equal financial freedom. They require your attention. The market value of your assets, and tax liabilities, will constantly shift and chip away at your wealth. Felix Denis wrote candidly on this subject in 'How to Be Rich'.

Mismanaged assets will leave you in an unfavourable situation. Many b/millionaires end up broke because they did not master their mind, or manage their assets properly. Or they trusted someone else to do the job for them. Throw in an unpredictable 'Black Swan' event and you have quite a minefield ahead.

However, is the journey worth it?

Yes, if you learn to be financially independent you can make money in any situation. Trump declared bankruptcy several times. Walt Disney went broke in the early days. Lincoln was penniless at one point (but educated!) They had acumen and got back on track. That is freedom. Being financially free, however, is a state of mind and one to be practiced from the outset.

Good luck (and try to have fun with it)