Financial independence could mean different things for different people, but for me it means being in control of one’s money. In this respect, it means the ability to control a person’s own financial status and not the other way round. Financial independence must also have some sustainable angle on it. This means that the person should be in a position to cater for the current needs while also saving some for the future (Hirst 71). In this respect, it would be improper for a person to enjoy in the current times and suffer in future.
My definition of what constitutes financial independence stems from the various experiences I have had all through my life starting from my early days in school. My very first desire for any kind of freedom was …show more content…
As I grew older, I realized that life calls for a lot of sacrifice and high level of discipline. Further growing up, the issue of managing finances became more and more apparent and that cemented my need for improved financial management. Life exuberances and the education have taught me that being financial independent, like any other good thing, is not easy to come by; it requires something extra. At some point, I wanted a smartphone. However, in order to get that I had to save some money as well as cut my expenditures on other things, so that I could save as much as I could. Through that experience and other like that, I learned the essence of financial independence.
In conclusion, it is evident that financial independence relates to the ability to effectively cater for one’s financial needs. To achieve that a person must make the right decisions with regard to what they send their money on as well as save as much portion of their money as possible. Once financial independence is attained a person will have freedom in present time and in the future to live a comfortable life (Navickas 36). I learned these virtues from my life experiences. I believe that the idea of financial independence should be encouraged from a young
My definition of what constitutes financial independence stems from the various experiences I have had all through my life starting from my early days in school. My very first desire for any kind of freedom was …show more content…
As I grew older, I realized that life calls for a lot of sacrifice and high level of discipline. Further growing up, the issue of managing finances became more and more apparent and that cemented my need for improved financial management. Life exuberances and the education have taught me that being financial independent, like any other good thing, is not easy to come by; it requires something extra. At some point, I wanted a smartphone. However, in order to get that I had to save some money as well as cut my expenditures on other things, so that I could save as much as I could. Through that experience and other like that, I learned the essence of financial independence.
In conclusion, it is evident that financial independence relates to the ability to effectively cater for one’s financial needs. To achieve that a person must make the right decisions with regard to what they send their money on as well as save as much portion of their money as possible. Once financial independence is attained a person will have freedom in present time and in the future to live a comfortable life (Navickas 36). I learned these virtues from my life experiences. I believe that the idea of financial independence should be encouraged from a young