True freedom is to live as you are, to do what you want, and to spend time with people you like.
For many of us, true freedom is a distant dream. We’re tied down by obligations that we never wanted in the first place. So why do we still end up living a life we don’t want?
We live in deception because the truth is too painful. But no one wants to live in deception, as the stoic philosopher Epictetus once observed (quote is from The Daily Stoic by Ryan Holiday):
“Who wishes to live in deception—tripped up, mistaken, undisciplined, complaining, in a rut? No one. These are base people who don’t live as they wish; and so, no base person is free.”
We all know that everything has a price. So what does it take to be truly free? If you want to live on your own terms and do as you please, you must give up the following 4 things.
What’s your personal finance strategy? If you asked me a few years ago, I would probably laugh it off: “I’ll leave that for tomorrow.”
Dumb move. If you don’t have a personal finance strategy, there’s a chance you will never get wealthy. The average millennial earns $40-$50K a year and has $20-$40K in student debt.
But the high achieving millennial earns up to 7X more than the average. The same is true for people of all ages. The difference between average earners and above-earners is huge.
Once I realized that, I got serious about money. But I didn’t focus on making more money—a mistake that many of us make. We always think more cash is the solution to everything.
“All my problems will be solved once I have a little bit more cash on hand.” Sorry to disappoint you, but that will never happen. As your bank account grows, your problems will too.
Money doesn’t make you happy. And yet, we need it to live. So what do we do? Try hard to make more money? Or, be content with what we have?
The problem is that both options come with high costs.
We’ve all heard about the research that says you won’t be happier if you earn more than $75K or some other magic figure.
We’ve all heard about these studies by now. And yet, it doesn’t make a bit of impact on the way we live.
At least, those findings never changed the way I chased money in my life. And neither did it change anyone I personally know.
The problem with these averages is that they are averages. And yet, mindless writers keep quoting this research that says money doesn’t make you happy.