financial freedom don't imprison yourself

How to create a rich life now—especially when financial freedom feels far away

Financial freedom sounds good in theory, but the journey to get there makes a lot of people miserable.

This is because financial freedom makes people fixate on a goal in the distant future.
When I finally have $5 million, then I won’t worry anymore.
Goals are meant to be motivating, but what if they backfire?

Here’s a case in point…

I coached someone who’s plenty rich. He and his wife make more than $200K combined and they have an investment property. They scrimp and save every penny to buy another investment property.

One weekday, they were walking past a sidewalk cafe and watched a couple just relaxed, laughing, enjoying an afternoon cocktail. He shared his internal dialogue with me: Wow…when can I relax like that?

Here’s the irony: the psychological cost of chasing financial freedom is the sense of freedom it may cost you now.

He can literally take his wife to a nice dinner the same night. When I pressed him, all these reasons came up: yeah, but we don’t really like to waste money on fancy meals.

Financial habits are hard to kick

Someone who’s used to being ultra frugal and a bit lifeless is not all of a sudden going to become an inspired retiree once they hit that number.

Habits compound over time. That becomes conditioning. We just naturally begin to act a certain way, and it’s HARD to change that conditioning.

If you’re on the FIRE journey, I really encourage a parallel track instead of a single track

  1. Continue to save and invest. Check.
  2. Allocate more time to cultivating everyday joy and wellness

Because if you don’t cultivate a rich life now, what are you going to do once you do have all the money?

You can create your dream life today

Do you ever find yourself short of breath, and all it takes to relax is to breathe deeply?

Chasing after goals is like that. Hold your breath while running after your goals and you’ll make the journey unnecessarily hard on yourself.

Your dream life is built by one dream day at a time.

Try the dream day exercise and see just how much your everyday already overlaps with your perfect day. You might be surprised at the result.

Dream days are built by things that bring you contentment.

Contentment is a skill to be cultivated.

Not in the distant future, but now.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.