Whats your definiton of financially free?

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MemberSince99
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Postby MemberSince99 » Fri Apr 04, 2014 6:59 am

Truly being financially free means you don't have to go work for some corporate Hell and put up with that insanity to survive. It means not working for a living. That's how I define it.


In this system you will never be truly free, but if you don't have to go put up with some corporate entity making your life hell on earth, that does it for me.


The only hope I have left of achieving that is to somehow maintain what's left of my sanity long enough to get a home paid for and money put away where I don't have to deal with these wackjobs anymore. Just not working for a living sounds like a hell of a great thing. I don't have a problem with work - it's the sheer lunacy of these places that just sucks the life and the joy of life out of you. If you work for a living you know exactly what I'm talking about.


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Postby Kaiokenryu » Fri Apr 04, 2014 11:02 am

samhradh wrote:I wish I had this attitude but the reality is I get stressed when not being able to buy lifestyle things (clothes, dinner out, etc) because for me that's the truest sign of being "free." Simply being able to cover the bare bones means I would be scraping by and that's dangerous territory. I am utilizing three 0% APR right now to keep my checking account (emergency funds) balance high as I'd rather have liquidity than a higher credit score.


I love that idea....but...

I think my intended meaning is being lost in your context. Not all "needs" can be seen or budgeted for.

I don't mean scraping by. someone who is scraping by shouldn't be using credit.
what i mean is this:

my dad told me "never buy what you want...and beg for what you need...if you can do this thru life....you will be free....and your wants will come so much cheaper and easier".

I work in an industry where lifes discretionary spending often puts a persons ability to cover needs in the crapper. I see all the time customers who have beautiful hair dos....but when i test the battery..it says "replace". then they balk at the price of a battery for a benz and drive off with a nearly dead battery after I jump start the car.

In another forum I posted a link to a 50+ year old Amex commercial and it highlights a luxurious lifestyle....but the psychology of the ad to a financially inexperienced person will be lost completely. Many would see it as a man going from life raft to private jet....

I see a person who's managed his money properly....doesn't hold debt....and thus allows him to have command over the conditions that life throws at him. I'll bet when the plane landed wherever it did....he got home and wrote a check to Amex to cover the charges. Yes...he went from rags to a bespoke suit...but he didn't stress about filling the 4 modern needs to survive: food, clothing shelter and transportation. In fact his facial expressions were like a slap in the face to lifes challenges.

Like membersince99 eludes to.....stress=worries

get rid of the stress....you have no worries.....that to me is freedom.


sorry this is so long....

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Postby JoDa » Sun Apr 06, 2014 12:01 am

I'll admit that I'm somewhat cheap on "needs." The same tire is the same tire, but the truth is different shops are going to charge me different prices for it, as well as to put it on, do the alignment, etc. I've driven away from a shop with a car in need of service because I felt they were trying to rip me off...got home, sat down, opened the phone book, and found the right price.

Trust me, I know ALL about the people living "large." I live in a working-class neighborhood. Most of the people around here have decent jobs, own their homes, and could afford a pretty standard middle-class lifestyle. You wouldn't BELIEVE the number of luxury cars parked around here. While I make more than most of my neighbors, I *look* poor compared to them, in my average clothes and without a car (and with a mid-priced, middle-aged one when I had one). But I'm not one mis-step away from disaster (and I also have "hidden" wealth in that I own about $600K worth of property, with pretty decent equity, but I don't drive my homes around looking like a "baller," nor do I wear my retirement and investment accounts around lookin' "styling"). I know my neighbors are who you were talking about, but I did want to point out that I'm a tightwad when it comes to needs and that sometimes makes me look like I'm living on a shoe string. In my mind, though, no one ever got rich by over-paying for things they need, and a half hour on the phone or internet can usually save me on that stuff.
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Postby jlam572 » Thu Apr 17, 2014 2:55 pm

Image

Nah in all seriousness though, financially free to me would be to own a house out here in Hawaii that is paid off in manoa, aina haina, or Kaimuki, while still earning the income I am right now. Id be the happiest man alive. I might have some expensive watches, but I live pretty simply besides that.
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Postby Kaiokenryu » Thu Apr 17, 2014 7:24 pm

i sooooooo want to put that on facebook jlam572.

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Postby jlam572 » Thu Apr 17, 2014 8:00 pm

Lol do it. However, its pretty well known online but maybe not in your circle of friends :)
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Postby Kaiokenryu » Thu Apr 17, 2014 8:04 pm

you are right........but I know it under a less acceptable saying....

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Postby JoDa » Thu Apr 17, 2014 11:36 pm

Funny they don't make any memes for us independently wealthy single females... Oh wait, we're just "snooty bitches," I forgot about that...
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Postby whit » Fri Apr 18, 2014 1:17 am

don't forget potential sugar mama

to me it's having the ability to find another job or career or work at a drop of a hat because my education is diverse and I have the ability to adapt easily

along with a savings that I can fall back on if anything happens

I pick and choose what I spend my money on. I may not have some things that people think is a necessity e.g. car, which saves me money to afford other things while putting money aside

could I get a car? yes

do I want a car? no

but I like the idea I could

and I like working, if everything was to burn up or disappear tomorrow if I have a means to find or make more money, I'm happy

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Postby Z06Biker » Fri Apr 18, 2014 1:33 am

Jlam, you didn't happen to attend punahou, did you? Class of '99?
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