Another F.F.
Allow me to discuss another F.F., but this is still not the “friends with benefit” practice of young couples 
This FF is about the dream of ordinary people, those working in 8-12 hour shifts, those whose aspiration is to give their families good lives at the same time, spend more time with them.
Yes, I am talking about Financial Freedom.
Financial Freedom simply means your money and assets work hard for you.
Employees, whether in blue collar or white collar jobs are of the same situation. They both work hard to earn money– having a regular job plus a little business here and part time job there for extra income. Those earning much work hard to pay the mortgage of their house and car, education of their kids and savings for their retirement. Ordinary laborers, on the other hand, work hard just to survive. Both, however, can be trapped for good in the corporate rat race unless they strive to be financially free.
How do you know if you are financially free?
If you lose your job, or close your business now, you can still keep your lifestyle and pay your bills and obligations, then you are financially free.
If not, welcome to life. We have so much to learn how to be financially wise and develop our passive income.
The key to financial freedom is to acquire assets, that in turn, will give you passive income. An example of passive income is the lease or rentals generated by your real estate or advertising income generated by your blog. Your assets work hard for you. You can be financially free as soon as your monthly passive income is greater than your monthly expenses. If you reached this stage, you can now afford to quit your job and pursue that master’s education and or explore business opportunitues or spend precious time with your love ones.
Until then, like the rest, we have to stay a little while in the rat race and work hard to get out of it. It does not take formal education or a semblance of memory upgrade,to get out of the race. The first step is to recognize your situation and strongly desire to get out of the rat race. It’s doable, but takes a lot of determination, discipline, sound decision and compliance to God’s principles.
image courtesy of www.christianbusinesspartnersite.com
7 Responses to “Another F.F.”
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Indeed! I think more and more people are getting aware of what financial freedom is. Given the global financial crisis, there is no such a thing as a stable job that will last until late retirement.
Gems last blog post..More Advertisements Added with the Clean Look in Mind
You are correct Gem, that’s why it is important for us to develop our passive income. This will help an individual to be financially free
You ask How do you know if you are financially free?
In my mind you are financially free when you are debt free and have the money to buy what you want by paying cash.
Financial Freedom is so subjective. One man might think he is free with 1000 Dollars, another with 100 Million. When you do not have to worry anymore – that is when you are free.
@ Ray- Thanks for dropping by, indeed being debt free is one dimension of financial freedom. But debt if used wisely, can also create value.
@ Irish- Thanks for dropping by too, I agree with you, one way to gauge if you are financially free is when you are not worried about material needs anymore.
” The key to financial freedom is to acquire assets, that in turn, will give you passive income ”
This is one aim that is why i am blogging ang learning the Online Marketing thing.
@ Dexter– exactly