A meeting with a girlfriend today resulted in this topic of conversation. Oh, also, Happy March! So, financial freedom...what does that mean to you?
To me, financial freedom means the freedom to choose how I earn my finances, who I work for or with, what I do with my finances, when I want to work or not, and why, and where. Does that mean I always have the finances to practice that freedom? Not necessarily. The last few months have been financially restricting. For one, I moved coast to coast so that involved a whole new landscape in terms of type of market, work available, clients, networking, gigs, etc. For another, the time taken to adjust, relocate, apartment hunt, get settled in means a halt in my regular scheduling and dipping into savings for the time being. So while I had the freedom to not work for a while, and choose how I used my finances, to say that I always had the finances to support that situation would be a lie. A regular paycheck would have helped. No doubt. But then it would not give me the freedom to choose to move where I want, when I want and take a break for the 'time being' so I can settle into my new place. To say that financial freedom is all about the money would be wrong. Its more about the freedoms you enjoy because of the money, how much ever that may be to support the lifestyle you maintain. To assume that the amount of money we are talking here is the same for any two individuals would be naive. To assume that the amount of money at which financial freedom is a possibility for me in my last city and now in the new one I call home is also the same would be wrong too. So I guess, to answer my girlfriend, to me, financial freedom is the freedom to support my lifestyle in a given geographic area, dependent on my financial stability at that time. And the degree to which I enjoy (or don't) that financial freedom will vary widely dependent on many related factors at that time and place in my life. What does financial freedom mean for you? Comment below, if you'd like to have that conversation...