Comments on: What Does Financial Freedom Mean To You?

By: Wizard Prang

Wizard Prang — Thu, 11 Mar 2010 20:24:33 +0000

“In effect, you have so much money, that you could care less”

You mean you COULDN’T care less.

By: The 219th Festival of Frugality: The Ration Book Edition | Miss Thrifty

The 219th Festival of Frugality: The Ration Book Edition | Miss Thrifty — Tue, 02 Mar 2010 13:14:33 +0000

[...] presents What Does Financial Freedom Mean To You? posted at Darwin’s [...]

By: Monique

Monique — Tue, 02 Mar 2010 04:58:33 +0000

What a great post!

Financial Freedom is being able to do what I want, when I want, where I want without worrying about any financial consequence.

To achieve FINANCAL FREEDOM I took the advice of those with more reason and started early. At 26 I started agressively paying off debt and plan to build an emergency fund next followed by maximizing my retirement.

By: Kevin Khachatryan

Kevin Khachatryan — Fri, 26 Feb 2010 00:46:07 +0000

I like these two points for being financially free:

Spend less than you earn. This is common sense, but the main problem we have in America, where saving rates are the lowest worldwide. People spend money they don’t have and then have to catch up on their debts.

Save for a rainy day. Always have 6-8 months income saved. This gives you so much power. You can quit your job and find another one. If something happens, you always have an egg nest.

By: Funny about Money

Funny about Money — Thu, 25 Feb 2010 19:20:37 +0000

What does FF mean to me? Pretty much like you said!

I’m doing a series on the subject, the gist of which is that FF means freedom to get off the day-job treadmill, and that it entails getting out from under debt (all debt), living below your means, accruing enough to provide a basic income that will keep food on the table and the roof over your head, and developing income streams that let you do what you want to do, not what someone else tells you to do.

By: Christina

Christina — Wed, 24 Feb 2010 05:08:06 +0000

For me it simply means I can buy the things I want, do the things I love when I want it without the trouble of finding the resources to actually afford it (just need to prioritize and earn extra if I need to). It simply means being content with what I can do with what I earn plus the savings regardless of amount so long that I could sleep peacefully at night and do not deprive my self with whatever that I can afford.

By: Bytta@151DaysOff

Bytta@151DaysOff — Wed, 24 Feb 2010 03:52:09 +0000

Being able to live in a sailboat or RV and travel around the world. It’s surprisingly MUCH cheaper than living in a western country… you know, the suburban lifestyle.
I’m gonna do it and not look back.

The key to do it is to spend less than half of your income now, have enough cash to earn 4% return which covers your living cost and don’t have kids (at least delay as long as you can).