I’ve often heard that great opportunities are not rare. It’s just that our ability to identify them is so undeveloped that we perceive them to be rare. Ever since I’ve started reading about how people find different ways to build multiple streams of income and then take full advantage of them, I find myself becoming more aware of them as I recognize them in even the tiniest things throughout my everyday life. I might see them in a billboard on the way work, in a tool or gadget I have to use, or even in this case while I’m on vacation.
I’ve often made reference on My Money Design that time is the only true currency. Even when we think of money as a currency, really all we’re doing with it is buying the convenience of goods and services that we would otherwise have to use our time to obtain.
And while as deep or philosophical as I think I’m being, I was pleasantly surprised to come across a movie a movie with a subtle plot that made me think about how our society looks at the value of time and money.
Stop reading this. In fact don’t read anything else. Reading these blog posts won’t give you financial motivation. You know what will? Going outside.
We spend an awful lot of time on My Money Design talking about not only how to successfully plan for retirement, but even some strategies for how to get there as early as possible. Why? Because I think that financial freedom and the ability for you to choose what you do with your time are some of the most gratifying things you can accomplish in your lifetime.
The big question then is: What is it that I want to do with all this time once I finally have it? – That’s a very good question, and not one to take lightly. Having some post retirement ideas and goals for what you’ll do with yourself is just as important as the planning it took to get you there.
The following post is a contribution from Todd. He’s the co-founder and content manager at the Men’s Blog Fearless Men. It’s a blog on Manliness that inspires men to grow strong, get fit, be wise, kick fear in the face and become a better man.
What I admire most about My Money Design is the tagline “Designing Financial Freedom.” I believe that just because you have a dream or a goal doesn’t mean you’ll get there by accident. You won’t wake up in 6 months or 6 years and fulfilled your goal without having done it on purpose. You must plan, you must design how you’re going to build toward financial freedom.
Want to be financially free? Stop living in Financial Fear. A leading cause of paralysis with investors, savers, planners and thinkers is fear. And it’s rarely fear of the unknown. It’s fear of the past, the present, and how our shortcomings can affect our future.
What financial fears might be holding you back from designing your plan for financial freedom?
The following post is a contribution from Tony at We Only Do This Once. Tony is a trombone player who has performed with major symphony orchestra, on Broadway in NYC, and in recordings and movie soundtracks. He blogs about simplifying your life through downsizing and becoming financially fit.
One of the best and worst things that ever happened to me was that I had a five year stretch of massive raises in income. During this time, I chose to not live off of my old income, and instead buy a ton of stuff.
A year and a half ago, I found myself with debt up to my eyeballs (about $120,000 including my car loans, student loans, and credit card debt), and I decided that enough was enough. I am only a few short months from paying it all off, and I will never go back!