I’m of the age where most of my peers are tired of their work. They have been doing something they don’t like for far too long and now year for freedom.
“I just need to make some serious money in the next few years…”
“We are thinking of selling our big house so that I can finally take some time off…”
“I almost hope I get a severance package….”
If you have been doing any serious career exploration, you likely of common across articles on financial freedom. Most financial experts define the financial freedom as the accumulation of liquid assets that produce income sufficient to pay all your bills. As a simple example, someone with $50,000 of annual costs would require a return on investment that produced the same amount after taxes. To make the math simple, I’ll remove the tax analysis. If you have $1 million in assets that produce a 5% annual return, you will have your $50,000. More importantly, you’ll have your “freedom”.
But, why do you want financial freedom? When you examine the reasons, if you are like most people, it is because you want freedom from your work. What does that really mean? It means that you get to choose what you want to do each day in order to derive happiness and satisfaction.
The radical shortcut to such freedom: being in a career that you like. Going to work in a job that you like, gives you the same day to to day freedom as those with financial freedom.