A journey to financial independence typically starts with small steps. “I’ll save money today by not having that latte at Starbucks”. With the money saved in cutting costs, I can pay off debt or invest the savings and, at some future time, be financially free.
Yet hidden in that simple decision to skip a latte is a deeper question, “What do you value in your life?”
I think Financial Independence is simply about taking control of your life. It just focuses on Money, one of the main limited resources in your life. The other, and even more important currency, is Time.
Once you’ve figured out how to manage money and use it efficiently, thoughts invariably turn towards the use of Time and how to spend that. Because now that you’re in control of yourself and your finances, the next question is “what next?”. What will you do with your Money and Time?
My hope, is that you’ll use it to be a better person, whatever that means to you. None of us are perfect, after all. I made the graphic of Rudyard Kipling’s famous poem today which shows one such ideal. It’s amazing to me how much knowledge and wisdom about being a better person can be portrayed in so few words.
So, as much as watching dividends grow is motivating and rewarding, make sure you’re watching your life grow too. Living is about maintaining balance in all things.
This post is in memory of my Aunt, 1928 – 2017.