One of the more common criticisms I hear about Financial Independence is, “It’s not for everybody” and “Some people like to work”.
In a world dominated by the average Joe (or Jane) working a 9-to-5 job, the prospect of living a financially free life sounds like some kind of crazy fantasy world. They ask questions like, “What would I do with all that extra time? Don’t you get bored?”
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If you’re reading this post, the odds are pretty good you’re looking to escape from the consumer rat-race, like I did.
Maybe at one point in life you really liked working. You were good at your job, but somewhere along the line things changed. The job ceased to be fun.
It probably happened somewhere between the endless commutes, office politics, and those ever-torturous “performance reviews”…
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Life is short. And then we end-up dead. You could work at your job until death, or you could choose a life of financial independence. A life free from the constraints of a job. I chose the path of financial independence instead of the corporate life. It freed up a whole lot more of my time for actually living…
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My typical daily uniform isn’t a flashy suit or designer-label clothing. Sorry, no polyester leisure suit either. Once I achieved financial independence, clothing just didn’t matter anymore. Arguably, it didn’t matter before either!
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Here at Mr. Tako Escapes, we try to be realistic when talking about financial independence. No false/fake optimism here! Today we’re going to talk about failure. Specifically, the possibility that our financial independence plans could completely fail. What exactly would a failure like that look like? Is there anything we can do to mitigate such a failure? Do we want fries with that? So many questions to answer…
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There is a common myth that debt ruins your chances at financial independence. Some kinds of debt can be a loathsome burden, and in that case it could be true. But, I believe that debt can actually help you achieve financial independence…but not for the reasons you might be thinking.
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Happy New Year! It’s been two weeks since I last posted anything on this blog! Wow! Has it been that long already?
As usual around the holiday season, I take a break from blogging to spend time with my family. It’s all about spending time with the wife and kids, and a whole lot less time spent thinking about money and finance! On that front, I think the holidays were a success..
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To the uninitiated it might seem like a blogger who reaches multi-million dollar status before turning 40 must have had a perfect financial track-record through life. No financial mistakes made…ever! Right?
This is hardly the case. In my lifetime, I’ve made LOADS of serious financial blunders! Almost too many to count.
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Raising kids isn’t easy under the best of conditions. Most of the parents I know work a 50+ hour work week. To deal with after school care, they enroll their kids in after-school programs, at considerable cost to themselves. It’s a kind of “two steps forward and one step back” situation that makes raising kids and saving money difficult.
The average family I see, only gets to spend nights and weekends together…
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