GrigsbyCo Retro Post: What Truly Is Financial Freedom?

Before HelpMyCashGrow.com, I ran another blog at GrigsbyCo.blogspot.com. I spoke mainly on investments but I then realized I loved the entire aspect of personal finance so much more. Since investing still compliments personal finance, I have decided to present a few posts from my old blog to my new one. I hope you enjoy this “Retro Post.”

Original Publication: What Truly Is Financial Freedom?

I listened to that song again and another one of my favorite quotes stood out.

Fancy cars and a mansion? That ain’t never been my goal

A hooptie would be fine, plus somewhere warm when it’s cold.

Everyone has different takes on where they feel their life would be secure at. But what I do find funny, is that a lot of these website to where people are looking for financial freedom feels that they can only do so by reach a net worth goal of $1 million dollars. Nothing is wrong with setting goals. I inspire it. But is $1 million dollars a minimum amount for one to set for his or herself as a status of financial freedom?

As I said, everyone has different takes. Z-Ro, in the quote above, would be happy with a reasonable means of transportation as well as a sufficient residence where he can sleep at night. Of course there are costs that comes along with this but if this man can be happy with so little, then he should be proud of his accomplishments when he reaches his goals. Probably even set new ones to build upon his life once reached.

As for myself, I have defined my own financial freedom definition. I’m not aiming for a $1 million dollar net worth. If it happens, of course, I’ll be ecstatic, but I can attain my financial freedom with a lot, LOT less than this.

To attain my own set financial freedom, all I want to do is to take care of past debt, rebuild my credit, and continue to grow my retirement, savings, and investing accounts. Once all of this has been established and I have money left over with continuing growth, then I will consider myself financially secure. “Fancy cars and a mansion? That ain’t never been my goal.” You could say the same for me. If it happens, GREAT!! But it’s not a goal of mine, I would have to be financially secure before I could set that goal.

So what does financial freedom mean? Does it mean to have money out the wazoole to be happy? Or could taking care of the true necessities in your life, with enough to maintain suffice? It’s your decision, I know what mine is.

However, in this post, I took a deep look into the quote mentioned above and noticed that he defined his own definition of financial freedom and I came to the realization that maybe the answer to financial freedom is one that you design yourself. Regardless if it’s a net worth of $1 million dollars or $1,000 dollars. Maybe it doesn’t have to do anything with net worth; maybe a car and a home would be good for you just as the artist mentioned. Maybe being able to pay your bills on time is enough. Maybe smiling when you send off that last debt payment check would do it for you.

Now I’m not knocking those bloggers and marketers that are searching for that million dollar mark. If that’s your goal, your dream, and that’s what builds your ambition; then by all means attack it with full force! You have my support. But just realize one thing, money is great, but you don’t need a million dollars to be happy.

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