Money as Freedom
How many of you spend most or all of your paycheck at the end (or worse, the beginning) of the month? I’ll bet it’s at least 50% or more. And maybe it isn’t your fault. Maybe you have a certain level of income or a lifestyle that does not permit you to put anything away. But, chances are if you have found this site you not only realize that money is a major key to your freedom from an 8-to-5 job, but you are looking for ways to save more. To see if you are capable of actually saving more, try this calculator. It’s fun to mess around with too, as you can also see how long it will take for you to be a millionaire.
All kidding aside, if you are still in the dark, I’ll just spell it out for you. If you don’t save, you are never going to be financially free. In the long run, having more in the bank gives you the option of working less. When you work more, you are trading away your time, which is one of the few commodities that you can never get back. Once it is gone, it is gone. Money can be replenished by working more or perhaps harder. But time is more valuable, and is in fact, directly correlated to money. When you work a greater number of hours, you are making more, but are losing time that you can never have back. So isn’t it wise to keep as much as you can of your hard work so you can have more time in the future? That SUV sitting in your driveway that eats all your income is actually eating away at chuncks of your life, in an insideous sort of way.
This all may sound a bit extreme, but check out this harrowing bit of information. And to think this article was written two years ago! Our country’s savings rate has dropped to zero and now may actually be below zero.
So it is becoming even more difficult to become a saver in this environment. You are actually going against the grain in ths country by doing so. When every voice out there, every ad is screaming at you to “Take that loan!“, “Buy that phone and save 30%” and promising it all now when you can pay it off later, it is almost like fighting peer pressure at school. Eventually, people crack.
But, unless you can stand up to this social craziness, and unless you start truly viewing money as freedom and time, you are likely to fall into these traps just like everyone else.
Hey! Why Has My Paycheck Shrunk?February 10th, 2013
Great Retirement CalculatorsFebruary 16th, 2012
Charting Your Voyage Out of the Rat RaceMay 12th, 2010
Eating Out is a Great Way to Save MoneyApril 13th, 2010
Why Won’t the Rich Share the Wealth?March 27th, 2010