For most of the working world, days revolve around their tiny office cubicle. They are chained to their desks from 9-to-5, and will continue to be this way until their retirement. Then don’t always enjoy their jobs but they make it a point to wake up, dress up, and drive there anyway. Simply put, they don’t have a choice because they need to earn money to survive. Others try to maintain a certain lifestyle or feed a large family. However, it is possible to break the chains and achieve financial freedom. So what is financial freedom and why should you want it?
Reduced Stress
It means having enough funds under your name to last for the rest of your life, no matter how long that might be. With this much money, you can quit your job at any time without worrying about your bills, your debts, and your future. You can be confident that there will always be food at the table and a roof over your head. You can send your children to school and go on the vacations you have been dreaming of. Money may not be everything but it can surely reduce stress when you have an amount that meet your needs for decades to come.
Early Retirement
When you save up this much, you can contemplate early retirement. Part of what is financial freedom is not being bound to the things you aren’t happy with for the sake of earning money. If you work is preventing you from spending time with your family, building your own business, and pursuing your passions, then quit. You don’t have to wait until the mandatory retirement age as long as you can take care of yourself. You can provide for your own pension. With the right investments, you can enjoy a nice retirement income without breaking your back.
Higher Quality of Life
You qualify of life can improve once you have more time to take care of yourself and the things that mean the most to you. Spending 40 to 80 hours at work leaves little time for family bonding. Once you have chosen to retire or drastically cut back your hours, you can take weekend vacations with your children, rekindle the flames of your relationship with your spouse, and hang out more with your friends. You can actually sleep for eight hours or more every night. You can have time for exercise in the morning without feeling like you have to rush around.
