WHY IS FINANCIAL FREEDOM IMPORTANT TO BUSINESSES AND INDIVIDUALS?
At the core of financial freedom is freedom: freedom to plan spending, freedom to choose your own work, to refuse jobs that do not create real value for yourself, and to build sustainable values which are reasons why is financial freedom important to businesses and individuals.
For each person, the financial freedom milestone is different depending on needs. Like happiness, financial freedom is not a destination but a journey that takes time, needs right understanding and rational action.
Why is financial freedom important to businesses and individuals? / ph: pexels
The journey to financial freedom is not only about the story of money but also the journey to change the perception to achieve freedom and happiness. Therefore, financial freedom is the act of taking care of ourselves and allowing us to spend quality time with ourselves, family, loved ones, friends and community.
Why is financial freedom important to businesses and individuals? When we achieve financial freedom, we don't need to rush to earn money to take care of basic living expenses and worry about fees that may suddenly arise. At that time, we are given the choice to do jobs that create more value than just work that makes money.
With families, at this time, parents will have more time to accompany their children in learning, playing and developing along with having money available for future education. At the same time, with aging parents, we have enough savings to spend on health problems.
With the community, when we are financially free, we have the opportunity to participate in more social works and activities to support those in need, join hands to spread interest in the community.
Below are reasons why is financial freedom important to businesses and individuals.
- Freedom to choose the job you love without worrying about salary.
- Freedom to take one (or more) annual overseas trip without worrying about the budget.
- Freedom to pay for an item you love even though it's a bit expensive.
- Freedom to respond/help others generously.
- Freedom to retire early for decades, return home to "enjoy the moment" to raise fish and grow more vegetables.
In general when you have financial freedom you have more options, the quality of each choice is also better.
Financial freedom is the state of having enough income to cover living expenses for the rest of your life without having to work or depend on others. If a person is able to generate passive income from sources other than their profession, then they have achieved financial freedom regardless of age, assets or existing salary.
In fact, the financial path of financial freedom pursuers is often better than the average seen in the other group. They have the ability to spend less, are smart and have a stable income, quickly achieve their goals in life, and easily cope with big problems. Accordingly, after being financially freedom, the quality of life is obviously improved. The family is living in adequate conditions, without having to worry about money. In addition, spiritual life will also be taken care of more. It can be said that economic independence is the freedom, without worries, without thinking, doing what you like, having enough capacity and conditions to realize your dreams which are reasons why is financial freedom important to businesses and individuals.
WHY IS FINANCIAL FREEDOM IMPORTANT TO BUSINESSES AND INDIVIDUALS?
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