Posts tagged financial freedom
How to Be 100% Stoked When Quitting Your Day Job

When I quit my job I knew I was going to be just fine. But as my life is, there is always a grandma, a friend's mom or a football watching uncle who—because they care—worry deeply about my decisions.

For me this time, that person was both my mom and dad.

They thought I was crazy. Taking their view, they were right. By society's standard I was the luckiest 26 year old on the planet. Why was I leaving?

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The Awesomeness That Happens When You Focus on Money for Three Years

The last time we talked I told you I was going to take a leap of faith and try out something new. Well a lot has happened since then. I'm going to take these next few posts to get you back up to speed.

This post is about the biggest change that has come about. I quit my job! Here's how it went down.

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Why Should You Care About Saving If You Could Die Tomorrow?

If you were going to die tomorrow you should spend your money however the hell you want. You want a one way ticket to the Las Vegas Billagio for an bat shit crazy night out with the boys? Hell yes, you go do it.

Shit, I'd say if you were going to die in one month you should spend your money however you want. Though as we get to the one month time frame I imagine we start to think a bit more about our life.

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You're In The Game Whether You Like It or Not

We were heading to one of those inaugural grown up events, a bachelor party. Along the ride my good friend said something that stopped my mind in its tracks. He said,

"It's like look, whether you like it or not you're in the game. If you're lucky you get 18 years while someone moves you're pieces for you. But after that point, whether you like it or not, you're in the game."

I've been spinning my wheels on his words ever since. Here's what I've come up with: 

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If You're Doing This For Money, You're Doing It Wrong

Going after financial freedom has little to do with finance really. What the pursuit is really about is personal freedom. The financial focus is simply a tool we use to unlock the personal freedom.

I've become super interested in Todd Tressider's blog as of late. Especially his take on happiness. Here's one of his quote's that just totally struck a cord with me this week. 

"Suffering today in an effort to earn greater success and income for tomorrow so that I can relax and feel secure at some future date is insane. I can embrace the adventure that is my work. I do what I can each day without stress but with creativity and joy, and trust the results will be meaningful."
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Enough, and Its Relation to Happiness

Make $1,000,000/yr, and live with a lifestyle cost of $950,000/yr? A 5% savings ratio. You will have to work 66 years till your investments will support your lifestyle.

Make $40,000/yr with a lifestyle cost of $15,000/yr? A 65% savings ratio. You only have 10 years of work ahead of you till you're financially free.

And yes, that $1,000,000/yr and 5% savings ratio situation? It actually happens. Mike Tyson had $400 million and went bankrupt, and so have other rich and famous people.

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Answer This: Why Not Now?

Chasing a number for the sake of reaching that number is the wrong way to achieve financial independence. 

The problem with that path is that you are living a means to an end. You are losing sight of improving your present self and situations. What happens when you hit the number is you only find that it didn't actually make you any happier -- it is just a number. 

The way I see now to view the journey to financial freedom is through a lens of "winning in increments."

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If Money Didn't Exist

If money didn't exist, what would you go do tomorrow? What would you do next week, next month...

"Tomorrow I am surfing, all day. A week from now I am hiking the Santa Barbara back country. One month from now I am surfing the long point breaks of Santa Barbara and sharing time with my best friends..."

You see locking yourself into monthly car payments, committing yourself to unlimited data plans, and giving in to the consumerism showcased on every billboard, magazine, and screen you see everyday takes time away from you surfing, relaxing with family, or sailing to the islands.

So to you I ask again, Why not now?

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How To Buy an Adventure Car for $900

As with all my purchasing, I went into a library-and-sweatpants, final's week like study mode.

The first question I asked was "What will I use the car for?" If I had the car I would use it for weekend surf trips or adventures to the Sierras.

The next question I asked was "What do I need in a car like that?" I needed a car with cargo space. I'm throwin' wetsuits, backpacks, surfboards in that sucker.

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How to Live Summers in Hawaii and Winters in Colorado

I'd love to create a life where I live by the seasons. Something like winter in mountains and summer near the ocean.

What would that look like? How possible is it? Cause shit, if I can live that way and continue on my path to financial freedom then, "See you later!" I'm out the door.

Could you image being $10,000 in debt and someone saying, "Want to have $300,000 in your bank account? Great. The only catch is you have to leave tomorrow. We will shred blue-bird powder in the winter and flow through warm water barrels in the summer for the next 12 years." I'd say Let's go!

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Why You Need to Start Investing

US currency (just like gas) has inflated, with its rises and falls, at a rate of 3% over time. This should scare you a bit because it means that unless your money is growing by 3%, you’re actually losing money.

We need a vehicle that is going to combat that -3% and drive us forward to freedom. That vehicle is called investing.

We’re going to begin at the basics. Then we’ll talk about a place where you don’t need a large lump sum of money to start. All you need is a solid savings ratio and a fun-ass life.

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The Rule 752 and Why Everyone Should Know It

So now you know your current savings ratio, and you are in the process of boosting it.

In part, you are knocking 10, 20, or 30 years off your dependence on a job -- adding those years back to you in the form of utter freedom. Great!

Now, let’s uncover the hidden side of a few common occurrences...

If these four occurrences were you, and you made these changes -- we just added $190,860 to your wallet in 5 minutes!

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