The Real Incentive Behind Achieving Financial Independence

Publish date: Sat, 19 Aug 2017, 08:40 PM

I've written two themes about financial independence this year and they are both about passive income. You can refer to the link here and here.

The allure of being able to have no worries about money is the main attraction of financial independence and you can quickly see so many people taking advantage of this when they tried to sell courses or investment opportunities like unit trust and other investment units.

Don't get me wrong.

I am not saying that passive income is a factor that isn't true.

In fact, when I started my investment journey when I was still single and carefree, passive income is the only thing that attracted me because of the huge allure of money concept that is working hard for you. I can tell you it has benefited me in a lot of ways, both financially and mentally in many other spectrum of life.

We are the new rebels and bandits of the new generation.

We are the new batch of generation who probably doesn't owe much to our jobs than our grandfather generation. While some of us do struggle individually in getting a good paying dream job, or some to settle down, we do not appreciate it hard enough.

As I move up the ladder in my stages of life, I had experienced different flows and benefits of the real incentive behind the aspect of financial independence, especially after I become a father.

I think a lot of people have talked about this concept Ikigai in detail.

I am not going through the concept in detail but rather literate them with my own experience.

Since I became a father of two children, I had always prioritized family on top of anything else. This is not a default by choice but something which I put on top of my priority list in front of the other things I love.

I like to play around with my two children, mess around with them, bring knowledge to them, travel around, messing around again, spending more time with them and then messing around with them again.

You can't translate this feeling into someone who has not had a children yet. You just have to experience that to understand.

Growing my passive income has become part of that bigger plan because it can help me in many ways that would allow me to achieve that.

To illustrate the case for example, I love to read financial statement and analyze a company prospect when I am investing but they are fun when they are vocational and are under no pressure. Let's assume one day I am recruited by a company to perform the same task with deadlines and KPIs, I might like it a lot more less. In essence, it feels different once you have an obligation to perform in exchange for a return.

The same goes with the profession.

I think there are many people who goes to work, and stayed for the same company for 10 or 20 years and then get comfortable with it. I've heard of many cases where you get so comfortable with your 9 to 6 jobs over the years that you don't know what else to do once you freed up your time. If you fall under that category, I think there's an emptiness or void that you have not managed to find. Find that and you'd feel a lot differently.

Ultimately, everything revolves around the bigger part of the goal.

The best part of it is it doesn't have to be family that is part of your mission. You just need to search what you are living for in this world and find your own unique ikigai.

There would be a time when my kids would eventually grow up and be spending lesser time with us. That would be a day when we would find another mission in life to cover the void in our ikigai.

But for now, financial independence means a lot to us and that means a lot more than just the allure of money itself.

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