How to escape the rat race and design your life - financial freedom and early retirement

Discussion in 'Featured Posts of The Find Some Money Blog' started by admin, Sep 29, 2015.

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  1. admin

    admin Administrator Staff Member

    Admin Post
    Do you like waking up early? Do you like commuting to work every day? Do you like laughing at you bosses jokes even when they’re not funny? If you’ve answered yes to all these questions then it’s not worth your while reading on. On the other hand if you’re fed up with your current lifestyle and want out then read on.

    Society in general thinks it knows what’s best for everyone, they indoctrinate everyone into thinking that there is a logical path and you must follow it. You go to school, get educated, you work until you retire and then you get freedom! Why is freedom so far away? Who says that we have to wait all that time so we can do whatever we want to do?

    There are two ways to live your life. You can live your life with the script written by others or you could take your destiny into your own hands and design your own life and then enjoy it. If you think about it we only get a finite time on this earth which makes time the ultimate currency and freedom to live your life as you want the Holy Grail.

    The process is simple, you reflect on your life and ponder whether this is really what you want, if you’re not satisfied then you need to imagine a life where you’re happy and then design your life according to that dream. The purpose of this articles other than to make money is to look at the steps it takes to achieve lifestyle design and freedom.

    Do You Like Your Life?

    It’s the question we like to avoid with a vengeance! The sooner you tackle this problem head on the happier you’ll be. If you hate your job, if you hate your lifestyle, if you’re fed up with debt, then it’s time to declare this and know exactly who the enemy is. Some people like to use temporary solutions to appease their problems.

    They use their money from a job they hate to entertain themselves to escape from reality. They spend five days working and then two days forgetting about what they hate doing only to repeat the process for the rest of their lives.

    They spend hundreds and thousands of dollars on going out and having a good time only to be back where they started. Throwing money at the symptoms won’t cure what you have.

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    How Do You Want to Live Your Life?


    This is more important than the previous question and requires imagination to think about how you wish to live your life. Think about what you want to do, where you want to live, who you love to be with, what you wanted to be in life.

    Once you’ve prioritized and learned what’s most important you should protect the dream. By pursuing your ideal life you’ll come across some negative people who will try to take you down at every opportunity. They will not care what you want in life and will do their best to make you live the life society intends. Do not lose focus and keep going no matter what.

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    Find Time - Make Money - Buy Freedom


    The ultimate lifestyle is to have complete freedom which means the only entity you bow down to is God. To reach this level of freedom you have to minimize your expenses and then meet those expenses using income generated by assets.

    The process starts with finding time which means you must stop wasting time pursuing needless pursuits to escape the drudgery of the lifestyle you hate. You then need to use this time to plan the transition between your old lifestyle to your new lifestyle.

    You’ll be able to plan effectively if you have free time, you then use that free time to generate money and then use that money to buy freedom one dollar at a time.

    How to Buy Financial Freedom

    There are countless books written on the subject however it boils down to the following. You have to minimize your expenses, you must save as much money as possible; you need to invest the money into assets that pay an income which adjusts with inflation.

    Once the income from your assets reaches you expenses you are free to pursue whatever you wish to pursue because other people will be paying for your lifestyle. Suppose you need $1000 a month to live well, you earn $2000 per month and save $1500 every month.

    On top of your savings you find other ways of generating $2000 per month. On a monthly basis you’ll be saving $3500. Now suppose the interest rate at the time is 4% you need to accumulate $250,000 to be free from having to work. You’ll have to save for 7 years to achieve this.

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    What Does Financial Freedom Really Mean?


    It might seem a long way away but starting now will give you a head start in life. You should see every dollar as a freedom fighter helping you to defeat the evil rat race. Once you become free you can do whatever you wish to do! You can choose whether you wish to work or not, you can take a break for months without having to worry about bills.

    You can work on projects you really enjoy 24 hours a day. You become your own boss and the only entity you bow down to is god, that’s a great place to be. If you wish to read more on how to reach financial freedom by saving you should check out the Find Some Money forum.

    The post about how to stop spending money on entertainment to design your life is really thought provoking. In a nutshell, there’s nothing stopping you from designing and living the life you want, you can either live the life others want you to or you can take destiny into your own hands and decide what you need to do. It’s definitely achievable and the only person stopping you is you.

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  2. Sadia

    Sadia Administrator

    A very inspiring post on financial freedom. I also want to become financially free and don't see myself working until my retirement age. The way I see it is as you age you enjoy life less. Taking a holiday when you're young is much better than taking a holiday when your old. I'm working on my financial freedom by working as much as I can and then investing all my money into paying off my mortgage. I'd eventually like to rent my home out and then move to a place where everything is cheaper like the Philippines. I would be able to rent my home out for $3500 per month after expenses and then live in the Philippines for about $1000 per month. I would like to have a years rent as an emergency just in case a problem arose. Thanks for the inspiring post, it's really got my juices going.
    Anne Marie, Alistair and Miles like this.
  3. Miles

    Miles Newbie

    I'm very close to financial freedom but I'm not over the finishing line just yet. I am so close because I saved diligently in my early years and invested all my savings into mutual funds and dividend stocks that pay an income. The stock market will always rise in the long run and as long as you invest in quality stocks and mutual funds which have a track record of increasing dividends then your passive income is more or less guaranteed. I invest in dividend stocks which have a 25 year track record of rising dividends. Even if the rate is low I know my passive income will rise every year ahead of inflation. Thanks for sharing your post, its stories like these that give me the motivation to finish the job.
    Anne Marie and Alistair like this.
  4. Alistair

    Alistair Newbie

    I'm in the pursuit of financial freedom and I'm getting ahead by treating it like a game. The first part of the game is increasing my income and reducing my outgoings, I have actually boosted my income by 200% in little under 18 months by finding a second job and blogging online. I have also managed to to reduce my expenses drastically by downsizing and removing all transportation costs from my life. I actually worked it out and found out that I reduced my monthly outgoings by 63%. By removing all the crap in my life I feel much lighter and financially secure.

    All my money goes towards my portfolio which consists of mutual funds, stocks, dividend stocks. peer to peer investments, peer to peer loans as well as paying off my mortgage quickly. I've worked out that I need to work at the current rate for another 3 years to become financially free so my investments cover all my expenses. It can be done and I'm looking forward to my finish line.
    Anne Marie likes this.
  5. MoneyFlux

    MoneyFlux Newbie

    Thanks for sharing this inspirational post. I learned a lot and like you my dream is to become financially independent. For me its all about boiling my expenses to the bare essentials and then find ways to build sustainable passive income that keeps on increasing over time. Three years ago I began cutting my expenses and increasing my income and I'm happy to say that my expenses are 50% of my income which means I get to save half of my income after tax. All my savings go towards purchasing dividends that have a history of paying increasing dividends which means my income will always grow..well hopefully. I will keep everyone posted with my progress and thanks for the inspirational post.
    Anne Marie likes this.
  6. Anne Marie

    Anne Marie Newbie

    I think the first step you need to take to achieve Financial Independence is to change the way we think about how we structure our finances. Most people build their finances on Debt and then waste a lifetime servicing that debt. I think financial independence comes to those who live within their means and then try their utmost to up their income and without the need for instant gratification. A close family friend of mine have lived in a modest 2 bedroom house for over 20 years and have had the same car for the last 15 years. Most of the items they purchase are used and they seldom go out. Whenever I go to their home for dinner I always notice what a loving family they are and how much they love each other. The parents have taught the kids that money can't buy happiness up to a certain point and once your basic needs are met purchasing more items wont make you happier.

    Whats great about this couple is that despite their appearance they are millionaires and they have achieved this by diligently saving over the years and investing. They can now if they choose leave their jobs and live a full life and travel the world without the need to worry about a mortgage or how to pay bills. I admire them and I've learnt a lot from them. I guess what I'm trying to say is always live within your means and always pay yourself first if you want to achieve financial independence.
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Featured Posts of The Find Some Money Blog Leave the rat race forever - 5 ways to financial freedom Sep 26, 2015

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