Reasons why financial freedom is worth achieving

First, let's define what is financial freedom or financial independence. According to Wikipedia, "Financial independence is generally used to describe the state of having sufficient personal wealth to live, without having to work actively for basic necessities. For financially independent people, their assets generate income that is greater than their expenses."

It's one of those things that's very challenging to achieve in life especially for us Filipinos where majority are ignorant when it comes to wealth management. Yes it's a bit offensive by saying the word "ignorant" but that's the truth anyways. I was also ignorant before until I decided to educate myself and take action. And it's been quite a journey. I'm not there yet but I enjoy every process of it. I could not think of myself just being the same person I was before who was not in control of my finances and my future.

I will write different posts about the actions I took as well as the trials and failures I encountered on my ongoing journey to financial freedom. I know that it's gonna be an uphill battle however I'm fully aware that the rewards far more outweigh the sacrifices I will be experiencing. With that said, let me share with you four reasons why financially freedom is worth dreaming and achieving despite the daunting obstacles that awaits you.

1.) Time freedom

If you have the time freedom you would be able to control how you would like to spend your time. Right now as an employee working as a programmer, my time is controlled by my job. Sometimes I also spend time in the office even on weekends as we have to render overtime to catch up with development schedule. I like my job but I don't see myself working like this until I get old and weary.

I remember my mentor would say that wealthy people also have problems. The only difference is the quality of the problem is higher. They would often wonder or think what to do and where to travel and all that because they have the time and money. On the contrary, people that are still in the rat race cycle would often worry how to make time because they just don't have it.

2.) Be able to spend time with loved ones.

I'm an OFW (Overseas Foreign Worker) and I couldn't count how many times it crossed my mind thinking what my life would be if my parents were able to build assets. I have noticed this cycle has been happening over and over again with Filipino families. After a member of the family will graduate and starts to work, he will then support his family which is ideal. However this cycle goes on and on which is no longer right. When the student graduates and he builds his own family he also follows what his parents did. He will expect and depend on his children financially later on. It's not hard to notice this as it happens to my friend's families, my relatives, and even to some of my neighbors. How come they already knew that this cycle happens over and over and no one doesn't take action to change their future? It's something that I always wonder when I think about some Filipino families I know or some that I read in the news.

3.) Able to spend more time on things I love to do... living life to the fullest as they say.

Since the day I started this journey to financial freedom, I would often think how it would be like to live a life where you have control over your time, be able to do the things you wanted to do anytime.

Let me ask you what's your ideal day if you had the time? If I had my way I would see myself in the future like sending my kids to school in the morning, doing some recreation stuff or managing some business in the afternoon and cooking for my wife and family in the evening. The list of activities is endless if you're financially free. Try to ask yourself what would you do if money and time is not an issue. The idea of thinking about it should already excite you. How much more if you make it happen?

4.) Less stress

I love my job but I have to say it can be stressful at times. I always say to myself that I cannot be working for the rest of my life. My plan is to retire around 35 to 40 years old. I think it's feasible. I also believe that stress is a silent killer. If you always get stressed it causes different kinds of sickness. Although there's a positive and negative kind of stress but that's out of this topic already.

Imagine yourself on the beach relaxing under a coconut tree sitting on your comfortable beach chair reading your favorite book and sipping your favorite drink. Nice huh? ;) Life is supposed to be fun and worthwhile. Make your life count. I know life is much deeper than that like the legacy you will leave and all but for sure life would not be worthwhile if it's full of stress and problems. And the worst part of it is if you have no control over it.

These are the things that drives me to achieve my ultimate goal which is financial freedom. Are you on the same journey? You can share your thoughts in the comments below or if you have a blog discussing similar topics as mine please feel free to share in the comments too.