This is not a blog about saving money. There are several excellent ones that go deep into that. Mr. Money Mustache is one of my favorites.
Rather, this is a blog about growing your savings. However, if you don’t have a meaningful amount of savings set aside, you have nothing to grow. So let me take a post or two to try to inspire those that need a little nudge.
Why save money? I mean, life is short, why bother with budgets and delaying instant gratification?
For those of us who do save, the answers are as varied as our personalities. Some common reasons are vacations, cars, property, children, and the big one, retiring from your job, early or otherwise.
If you don’t save, maybe you just need to dream bigger. I know that was the case for me.
Don’t uncritically accept the expectations placed on you since childhood. This is your life! Carefully and deeply think about what excites you and design your life accordingly. If you don’t take control of your life and decide where it leads, who will? And will you like what they come up with?
Don’t settle for a two-bit role in a script society has written for you. Write your own script!
If you take the time to do this, to expand what you believe is possible and really dream big, it will have a profound effect on your priorities. You will to start to play the long game and see the value in setting aside as much money as you can now so you can achieve the future you envision.
“You either learn your way towards writing your own script in life, or you unwittingly become an actor in someone else’s script.” - John Taylor Gatto
Freedom is a beautiful thing. Live and let live. No person or institution using force to impose it’s will on another human being.
It’s a wonderful goal that we should all aspire to in our lives and in our dealings with others. Unfortunately though, for most, personal freedom remains a starry-eyed fantasy, an elusive “if only”. That’s unfortunate, because most of the shackles that enslave us are of our own making: self-limiting beliefs, a refusal to venture out of our “comfort zone”, and allowing fear of failure or fear of rejection by others control our actions.
Futhermore, self-imposed financial shackles like suffocating debt and an uncomfortably high lifestyle burn-rate mean we often go to work each day not because we want to, but because we have to.
The first and most important step we must take to end this cycle of self-sabotage and achieve personal freedom is to free our minds. We can never truly be free as long as we are seeking approval and validation from others. This is much easier said than done because this requires undoing much of the “training” we have received since childhood. This is a big topic that deserves several blog posts but I’m going leave it there for now.
Once you get that right, I believe the second most effective measure you can take to achieve greater personal freedom is to build wealth. Financial freedom enables you to pursue your happiness, whether that means spending more time with family and friends or traveling the world and experiencing different cultures.
Financial freedom also empowers you to exercise your most fundamental and consequential voting right; the right to vote with your feet.
The pursuit of freedom is ultimately what this blog is about. If this is important to you, identify those activities that materially increase your freedom and spend your limited time and energy there. Let me give you a head start: politics and religion don’t make the cut. In fact, most of what is generally accepted by society as important won’t make the cut. The truth is, “society” doesn’t give a damn about your freedom and would actually just prefer a good citizen who falls in line and can easily be controlled.
Remove your self-imposed shackles. Free your mind and then invest time and energy increasing your wealth, and by extension, your freedom. I guarantee it will change your life. It has certainly changed mine.