5 Benefits to Being Financially Free


Written by Liz

Just your regular 27-year-old, queer, super-introverted, FIRE-chasing, frugal Singaporean, who lives a pretty good life while earning only a modest salary, but still plans to retire at age 40 with $1,000,000. Click here to read more

August 3, 2018

Being financially free has countless benefits. I know that you don’t need to read this post to know what the benefits are. I’m sure you can spend all day just listing the benefits yourself.

But I’m going to write this post anyway, because it’s just so much fun.


No More Soul-Sucking Jobs

If you’re anything like me, you probably hate your soul-sucking desk job. You hate beating the early morning rush hour crowd. You hate beating the rush hour crowd yet again after you’ve left your workplace. You hate the fact that you’ve only got an hour of lunch (that you probably spend at your desk trying to clear work). You hate the unfulfilling work you’re doing, just making a ton of profit for people who are already rich. Most of all, you hate the fact that you’re stuck at a desk for about 9 hours a day, 5 days a week, 52 weeks a year.

You feel suffocated. You feel trapped. You feel like you’re going to explode.

But when you no longer need an employer for a pay-check, you don’t have to tolerate the rush hour crowd. You don’t have to sit at a desk for 9 hours a day. You don’t have to do work that you find meaningless just because you need to make a living.

You don’t have to do anything you don’t feel like doing. You do what you want, not what anybody else wants you to do.


Having the Time to Develop Your Passions

 You finally get to work full-time on what you’re passionate about.

You’re no longer bound by the salary you draw every month, because you have more than enough to sustain you for the rest of your life.

You no longer require your day job to keep food on the table and a roof over your head. You get to develop your passions in life, guilt-free, without ever having to worry about when your next pay-check will come in.

You can even attempt to monetise your passions and build a business out of it, without the fear that you’ll starve or lose your shelter if it doesn’t work out.


Spending More Time with Loved Ones

A few days ago, my brother wanted to talk to me. I told him I was stressed and I didn’t want to talk. I needed to be alone. I didn’t know what he wanted. I didn’t even bother to find out what he wanted.

Why? I was stressed. I just had a bad day at work, and I was emotionally drained. To top it all off, I hadn’t even done any blogging for the day, and that made me feel guilty. I was so obsessed with the things that made me money and could potentially make me money, that I just couldn’t find the energy to spend time with people I love.

I felt awful after that incident, even though he was nice enough to understand.

Right now, my time is tight. I work 9 hours a day at my day job. I side hustle on weekday evenings and on the weekends. The rest of my free time goes to blogging, working out, and spending time with loved ones.

I have been trying my best to spend time with the people I love. But even in their company, I sometimes find myself worried about money and my future. (A bad habit I am trying very hard to break.)

When I eventually achieve financial freedom, I no longer need to worry about making money. I no longer need to worry about whether my performance at my desk job is lacking. I no longer need to worry about picking up side hustles to boost my income.

I’ll get to spend as much time with my loved ones, whenever I want.


Security of Your Nest-Egg

All the benefits come with the security of knowing that you have already built your nest egg and that it’ll more than provide for you.

Can you imagine? It doesn’t matter whether you’re sleeping at home, binge-watching movies all day or travelling the world. Your money is hard at work, making even more money for you. You barely even have to do a thing.

That’s the raw beauty of financial freedom.

The first few years of your pursuit would be tough. These are the years when you dig deep and push yourself. You push yourself to lay the financial foundation for the rest of your life. And when you’re done laying your foundation, reaping your rewards will be most satisfying.


Endless Possibilities and Choices

Everything above boils down to one fundamental truth – Money has the ability to buy happiness. Use your money to splurge on your own freedom. Complete financial freedom over every single day of your life.

Regular pay-checks cease to be a priority to you. You stop working just to make ends meet. When this happens, you could do so much more with your life.

You can spend so much more time with your family and friends. And you wouldn’t have to worry about overdue assignments at work whenever you’re with them.

You could travel the world any time you like.

You could work on whatever makes you happy, whatever you’re passionate about, be it writing, creating music, photography, etc.

You could even bum around all day, binge-watching all the movies in the world. And it’ll be completely guilt-free.

You could see all the things that you’ve always wanted to see, do all the things that you’ve always wanted to do.

You could literally do whatever you want to do, all the while being smart about your money choices and habits.

Through financial freedom, you can be happy.

Deciding to get off my ass, and to save up for my freedom, is one of the best decisions I have made in my life.

I hope that it will be for you too.




Become a Millionaire and Retire Early on a Modest Salary Book Cover

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