Good day everyone! Instead of posting about investments-related articles, today I will begin a 10-part discussion taking aim at the key word of the day: Achieving Personal Financial Freedom.
This may be a rather mind-boggling and sensitive post, so if you are not open-minded about achieving financial freedom, DO NOT read on.
Actually, the words Financial Freedom do not mean being ultra-rich and buying fancy cars or yachts, although you can do all that as well.
What Financial Freedom really mean : The true ability to choose how you want to spend the most valuable asset in the world; TIME. This asset has a compounding cost.
Initially when you are young, time appears to be literally free. You may hear of the phrase: “Young, wild & free”. But as you grow older, responsibilities start to surface. Commitments start to appear. You need to create certain income, to justify the main cost of all: Yourself. Time starts to become elusive. You become busy with work. You need to travel and network. You need to spend time buying apparel just to be presentable at work.
Although you may see many articles and comments saying that everyone is given 24 hours a day, however, unfortunately not everyone is given equal time in their entire life. Some are short, some are very long, however most are led to have average, mediocre lives.
What are most people spending their time on these days? Living their dreams? Or painstakingly working like a “slave” to the masters of the universe? The current world has not changed much compared to the old times, new world masters now have a much larger amount of “slaves” working for them, and providing them a better environment to work in, they commit the most precious asset to the masters: TIME.
So what is money then? Money is a form of time. You convert your time (something intangible) by working, into a tangible value, money. People like tangible stuff, they are countable, they won’t get “lost”. It is relatively “fair”.
This concept is actually pretty brilliant. By converting time into something tangible, you can swap your time with someone else’s to obtain something you want or need. For example, your wages covers your necessities such as food and water, and maybe even a home and a car. You converted your time into money, and thereafter converted your money back into someone else’s time.
However do note that time being an intangible asset, also consists of many other things, such as being in a relationship. Experiencing love, excitement, being sentimental and grieving. All these takes time too. Many that are close to the death bed always say that the one thing they regret most is not spending time with your loved ones, and doing the things they truly love.
Make no mistake. We live in a world where time is linear, and therefore each of us has an inevitable “expiry date”, so to speak. As you age, time gradually increases in their cost.
Ironically, people spend a lot of life to work, and then finally pay most of these hard earned money back, by using money to extend time with expensive healthcare & medical treatments, religions and holistic sessions.
But then one fine day, you will realize that at any price you pay, you can no longer buy time.
To alleviate this phenomenon, religions create stories of the afterlife in order to allow the masses to “die in peace”, instead of searching for the ultimate prize, extending one’s life or even living immortality.
So I would like to conclude today’s story by asking you a very simple question, and be honest with yourself, is your most valuable asset being spent wisely? Are you getting maximum value out of your intangible time? Keep asking yourself, are you selling yourself short? This image below summarizes the whole post.
Good luck in achieving financial freedom, and I will see you in my next post!
My next post titled Job security is a Myth can be found here.