Forum Replies Created
- Originally posted by SALACIOUS:
And it is not like this at all, most people will have different answers or goals.
This thread started with a question so what exactly is your answer?
Dom[biggrin]It’s not like what?
I have already given my reason, but I’m not totally satisfied with it … you could say it’s a “work in progress.”
Paul Spencer
http://www.geocities.com/etude316/default.htmlI hear everyone saying it’s all about freedom, and I share that view very strongly. But I don’t think it’s enough. I think it takes passion. It’s like Kiyosaki says, passion has 2 sides – things you love and things you hate. I think most of us have resolved the negative side more – we don’t like being a slave to a job! But, when it comes to asking why do you want to be free, I don’t see any really compelling reasons. It’s like this:
Employee: Why do you want to be financially free?
Wealthbuilder: Cos I hate being a slave to a job!
Employee: Maybe you should find a job you like
Wealthbuilder: Even if such a job existed (and I don’t think it does) I want to be able to choose my terms.
Employee: Why not be self employed?
Wealthbuilder: Then I’m buying myself a job! No thanks!
Employee: Ok supposing you gain financial freedom, what then?
Wealthbuilder: I’ll be freeeeee! YAY.
Employee: Yes but what then? What after the honeymoon?
Wealthbuilder: Hmmmmmm
Employee: Sit on the beach all day and be a bum?
Wealthbuilder: No, no! Not that!
Employee: Find a job?
Wealthbuilder: Hmm maybe …
Employee: Isn’t that why you want to be financially free though? You don’t want a job!
Wealthbuilder: Ok, I’ll work for myself!
Employee: *grins* Ahhhhh, be self employed! You’re going to buy your own job right? Haha, you didn’t want that either!!!!
Wealthbuilder: I’ll build my own business!
Employee: So you’re going to work really hard to get your freedom, then when you have it you will work even harder?!!! Isn’t it easier being an employee?
Wealthbuilder: Yes but I choose the road less travelled!
Employee: That’s nice … but you seem a little vague about what you really WANT! You’re going to do all this work for what? Seems to me you need a really compelling reason to drive you to get this freedom. And freedom is a paradox. If you don’t have a goal you are passionately pursuing, then you will lack the drive to go beyond all the obstaces, and it will seem to hard. What do you want to do with your freedom when you get it? I think you are reacting to your current situation you are dissatisfied with, rather than proactively building your dream. I’m in my dream job, I get paid to do what I love. But you seem to be chasing some elusive notion of freedom without any idea of what you will do when you get there! If you don’t find something you love doing then you will always be poor.
Wealthbuilder: You might have a point there!I think we all need to dare to dream big, and let our dream be our motivation. And I think the dream needs to have meaning and purpose – not just a nice car and house, etc. I think we all need something deeper than that. When you have freedom, you can make you life a gift to others. But what is the nature of your gift to the world? I heard of one financially free lawyer who chose to represent those who couldn’t afford decent legal services.
I must admit, I have many different dreams but many of them are more like ideas, wish list items.
Who has a dream that motivates them to become financially free? Who has a specific reason that motivates them to get freedom, so they can fulfil their dream?
Paul Spencer
http://www.geocities.com/etude316/default.htmlHenry,
Why not have a choice? I think people are happiest when they are doing something that is meaningful and significant and has an element of challenge. Many people don’t find the work that gets them money to be meaningful or significant. One solution is to work at finding a job that is more satisfying. I think a better approach is to have the choice to work in paid or unpaid work. If work that is meaningful for you comes in an employment package, then go for it. But for others, it might mean volunteer work, or making a hobby into a full time occupation, or designing and creating their own work.
Why do the rich keep working? Because they love what they do! This is what I’m seeking – the joy of meaningful work, and the freedom to design my own work environment.
Paul Spencer
http://www.geocities.com/etude316/default.htmlIt’s always about FREEDOM, but freedom to do what? Not many would want to spend their life on the beach. I think setmefree has posed a good question: WHY do you want to be financially free? This is important because if your reason isn’t strong enough and isn’t enough to drive you past all the obstacles then you won’t reach your goal. In my case it’s about freedom to control my contribution to the world. In becoming financially free I see an opportunity to create “my life’s work” in ways that go beyond what I could do with a traditional job. When I was at uni I was always working hard with a passion, but I was never able to find that same passion in the workplace. My goal is to find that passion again.
Kay,
I agree with you that people need to work and make a meaningful contribution. But if you say that everyone has to have a job and be an employee, then I respectfully differ. No one calls a child “unemployed” – it’s all about expectations. Probably most people who are financially free work, but not necessarily as employees. I remember reading about how such people still work, but they tend to enoy their work much more than those in jobs.I think the label “unemployed” is not helpful. Why define someone by what they don’t do or have? That “unemployed” person might be the full time mother of 3 kids, who is also financially free via real estate investing who might also be involved in many different pursuits which are meaningful and involve work but not employment.
Paul Spencer
http://www.geocities.com/etude316/default.htmlHeather,
I think it may be worth looking into for the very reason you think perhaps you shouldn’t! ie. people perceive it as a problem, perhaps more so than it really is, therefore it gives you a little more power to get a good price. I remember Kiyosaki giving an example of one of the very profitable real estate bargains he obtained, all due to something that could be fixed quite cheaply (others perceived it as a problem).
regards,
Paul
Rose,
To be able to pay $300 per month to keep your first property going and then to save for another shows you are both hard working and disciplined, most people wouldn’t manage that.
But I question getting into a second property before making money on the first. Are you investing for cash flow or capital gain? Perhaps you could look into ways to turn your first property into positive cash flow or sell your first and get a new property that has positive cash flow.
It seems to me what you want to do is first make money on your first investment, then seek to duplicate that. But if you keep on duplicating your first result, you will end up working harder and harder just to keep your investments going in the hope that their value will go up enough to justify all your effort and expense.
regards,
Paul
