![]() Who doesn’t like holidays? Well being financially independent means you can go on holiday… forever! After getting FIRE’d, many individuals, couples and families have taken extended vacations, travelling very cheaply by taking advantage of Travel Hacks (such as credit card sign up bonus frequent flyer miles) and leveraging ‘Geographic Arbitrage’ to stretch their dollars further. Financial Independence Recreation Enjoyment Businesses which in turn, produce more income and which can eventually be put on autopilot. There is a reason it is almost universally referred to as ‘F U money’!įinancial Independence Redirect Employmentīeing financially independent means you have options to branch out into a new career field, commence a course of study or start a business without the worry or time constraint of having to earn a wage.įor many, the opportunity to redirect their energy into new forms of employment is incredibly satisfying, and has led to the creation of many successful businesses. Some people choose to have a 5-day weekend – and if your boss doesn’t like it, well…. Having financial independence will allow you greater flexibility to work the hours that suit you when it suits you. Financial Independence: Retire… Eventuallyīeing financially independent means you don’t need to work, but many professionals and career-minded individuals may still want to work.Financial Independence: Recreation Enjoyment.Financial Independence: Redirect Employment.FIRE has traditionally stood for Financial Independence Retire Early, but for the ever-growing FIRE movement this term has also come to encompass: Check out how I am achieving happiness through financial independence.Īchieving Financial Independence is a goal for many. Reaching FI means you have more time and are statistically more likely to take the risk of starting these highly rewarding and satisfying creative endeavours and passion projects. This means having your needs fulfilled in accordance with Maslow’s Hierarchy of needs – first, the essentials like shelter and food are taken care of, then relationships and finally self actualisation through creative endeavours and passion projects. I personally believe happiness is a result of Good Health, Good relationships and Good Wealth. ![]() Whilst money can’t buy happiness per se, money can help you avoid a lot of things you find unpleasant (which might be working long hours or living away from your family). You might have heard that money can’t buy you happiness and to some extent that is true.
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