3 ms·
Financial freedom isn't about how big your income is, but how long you could live without that income. If I'm making $1m a year, but I'm a dumbass and spend $99
by bartonfink 15y ago
Financial freedom isn't about how big your income is, but how long you could live without that income. If I'm making $1m a year, but I'm a dumbass and spend $995k, I'm just as tied to my paycheck as the guy who only earns $50k and spends $45k. A guy who earns $100k a year and still only spends $45k is much better off than either of those two. Having a larger income impacts your financial freedom only to the extent that you're able to sock more money away and live off of that (or the proceeds if you invest). Otherwise, you're just a wage slave with nicer toys.
Money doesn't buy happiness, but it does buy options.
- ikarous 15y agoI cannot agree more strongly. Most of the folks I know from my generation tend to spend almost all of their disposable income as soon as they obtain it. I have tried to explain to them that by doing so, they are selling their own freedom. You are forever at the yoke of he who employs you if you are living from paycheck to paycheck. For the first three years of my career, I scrimped on almost all expenditures in order to accumulate a savings allowing me to be out of work for a period of at least one full year. I call it the FYF (the Fuck You Fund). I wouldn't trade it for anything but a true emergency.