Financial freedom may seem like a nebulous concept for most people. It feels way too far away from reality to be feasibly attainable. It’s a dream that gets packed away in the closet when the bills come due each month. Whenever you feel hopeful, you pull it out and dust it off, examining the possibilities for your future that it holds. Sensing that it takes time and effort to open the box and unleash those possibilities, you gently cover it back up and store it in the linen closet once again.
The next time you feel the urge to uncover the dream of financial freedom, don’t hesitate to open that box, knowing that you’ll be armed with the most fundamental truths about money and financial freedom.
Money Cannot Buy You Happiness
It’s a well-renowned idea that abstract concepts, like love and happiness, can’t be bought with money. While it’s true that the things you can buy with money can engender feelings of joy and affection, the truest happiness and love come from immaterial pursuits.
Money cannot buy you happiness. Money cannot buy you love. But, money can buy you something better, something that can foster the growth of those two ideals. Financial freedom can buy you time: the most precious resource on the planet. Once it’s used up, it’s gone forever, and it keeps ticking by, no matter how hard you wish it wouldn’t. Having enough money not to have to trade your hours for dollars allows you to spend time with your loved ones. Financial freedom allows you to determine your own happiness and to devote your resources to loving everyone around you more intentionally.
Money is Not the Root of All Evil
To be clear, this is an often misquoted Bible verse. It’s 1 Timothy 6:10, and it doesn’t say, “Money is the root of all evil.” Instead, it specifies that the “…love of money is root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.”
In the end, money is not the root of any evils. It is only when people are overcome by greed or feel an intense need for money that evil arises. That love of money causes people to lie, cheat, steal, and more just in the pursuit of that peace of mind that comes with having money.
When you’re comfortable in your financial freedom, you don’t love money. You enjoy what it can do for you, but you’re not clamoring for it. There’s no need to resort to evil to attain it. Now, that’s true peace of mind.
Money Won’t Set You Free
Simply having money won’t set you free. Financial freedom is about more than just having loads of cash stashed away. It’s a mindset that allows you not to worry about having to grind day in and day out to maintain your lifestyle.
Money can’t and won’t set you free. Only you can set yourself free.