Financial Security vs. Financial Freedom

As you get to ship on your journeying to financial freedom, one thing that you will discover, if you have got not already is that there aren't a batch of people who are going to back up your efforts. You may have got shared your desires with others and have responses that may surprise you. For example, here are some of the responses that I have got received...

"That is a tobacco pipe dream"

"You can't make that"

"You are money hungry and greedy"

Why is it that many people look to be against your desire to obtain financial independence? The ground why is because the stairway required to attain financial freedom is too uncomfortable for most people. Most people would wish financial freedom. However, they value security much more than than freedom. As a result, they give up on their dreamings of financial freedom for the security of a safe, secure occupation with benefits.

Security and freedom are not the same. They are actually very different value systems. For example, if you desire to do money, you can do money the secure way, by getting a job, or you can do money the freedom way, by starting your ain business. Let's direct contrast the two methods.

Getting a good occupation is a very secure manner of making money. When you have got a job, you cognize that after a given clip time period you are going to get a certain amount of money. Every twelvemonth or so, your money is increased a certain percentage if you make a satisfactory occupation and if you can learn further accomplishments you can get a promotion, which can increase the amount of money you take home. However, this security come ups at a cost of freedom.

Your employer states you what you have got got to do, when you have to make it and how you must make it. Your employer states you what hours you must work, when you tin take a break, when you can eat lunch, when you can take a vacation, how long that holiday can be, etc. If you take not to make things the manner you employer desires for them to be done, you will lose your employment and as such as you will lose your financial security.

Also, even if you make everything to the desire of your employer, there are outside military units beyond your control that can take your occupation away from you. Generally, there is a certain wage range that you measure up for based upon your occupation and you cannot transcend that wage range, unless you develop accomplishments for a different job. A good occupation supplies you with security, but it costs you freedom.

Starting your ain business is a very freedom manner of getting rich. However, you give up security. As a business proprietor you are free to make up one's mind what you desire to do, when you desire to make it and how you desire to make it. If you desire to take a two hr luncheon instead of a 1 hr lunch, you can make so and there's nothing anybody can make about it. If you prefer to work 12 hours 3 years a hebdomad and take the other 4 years off, as oppose to working 7 hours 5 years a week, you can make so.

In fact, once your business attains a certain level, you will be able to have money, regardless of whether you demo up to work or not. However, this freedom come ups at a cost of security. As a business proprietor especially at the beginning, you are not guaranteed any amount of money. One calendar calendar calendar month your business can convey in a large amount of money and then the very adjacent month, your business conveys in a 3rd of what you brought in last month even though you did the exact same thing in both months. Also, if you do mistakes, the money your business did do can be easily taken away from you through lawsuits, mulcts and mismanagement.

The large bulk of people that you meet have got a secure mindset. That is why it is very of import for you to seek out people with a freedom mentality to encourage you on your financial journey. One of the most hard things I have got had to discover on my journeying is the difference between a human race of security and a human race of freedom. On my job, I cognize when I'm getting paid, on the 15th and the 30th of each month. Iodine also cognize how much I'm getting paid.

With my business though, I don't have got a hint when I'm getting paid and how much. I can set an auction bridge bridge bridge on Ebay for three consecutive hebdomads and get no commands and then set up the same auction the 4th hebdomad and do the sale, without making any changes to my auction listing whatsoever. I can purchase stock and lose money on 5 consecutive trades and then on my 6th trade I do all the money I lost back and do even more than money on top of that. It takes clip to set to a human race of freedom when you have got been conditioned to dwell in a human race of security. As a result, you need people of the same mentality to encourage you on the way.