Is Financial Freedom Possible?

Updated: Oct 5, 2021

Is it possible to reach financial independence? And maybe even financial freedom? There are thousands of resources and books on financial independence, yet only few people manage to achieve it. Why?

Is financial freedom possible?

Reaching your financial goals is not as straightforward as applying a bunch of 'one size fits all' rules that are described in self-help books.


You must look at your life holistically, starting with your values, your desired life design and the kind of path for reaching financial goals that is right just for you. Only then, you can achieve financial objectives in a sustainable way.

Financial goals must be looked at as part of the overall life strategy.


What exactly must you consider when planning your financial goals?


The foundation of your life strategy are your values or what really matters to you. Your values will help you determine your ultimate financial figure you are aiming for, or you goal, as well as the path to get there.


For some it might make sense to dedicate a few years of life to build wealth, compromising on other areas of life. While others might decide that they are not willing to sacrifice time with friends and family or pursuing their hobbies to pursue wealth building activities. For those, it might be a lot more fulfilling to spend less and reach financial independence goals by optimising expenses, rather than growing income.


Reaching your financial independence is not just about growing your income. It's also about being intentional about how you use your physical and financial resources.


Once you are clear on your values and your desired lifestyle, you can think creatively about achieving your goal. In the new world, there are a lot more options available to us than ever before.


If you are looking to live in a luxury villa on an exotic island, you don't necessarily have to own it, breaking your back to earn enough money to be able to afford it. What you can do instead, is rent it or buy it together with a couple of friends. This way you can really optimise the use of the asset and avoid it being a liability costing you money, without you using it all the time.


This is just one example, but the same principle applies to other areas as well. Bottom line is - financial freedom is closer than you think if you look at it intentionally and creatively.


Financial freedom should be YOUR financial freedom. If it costs you friends, family, and health - it is not freedom, it's your worst nightmare. Don't fall into this trap!


Once you have clarity on what matters to you and what is the right way for you to achieve your dream life, it's time to get practical.


The biggest reason most people fail to achieve their financial freedom - we are too vague about our 'ultimate figure'. Why? It's one of our cognitive biases, we are terrible with big numbers.


Unless your brain has a specific figure in mind, the chances you are going to reach your financial goals are quite negligible.


Do not despair, while we all are only human and all struggle with big numbers, we figured out a step-by-step way to help you arrive at your 'ultimate figure', which is one of the first steps to your financial independence. You can read more about it in this article.


So, is financial freedom possible?


It certainly is! All you need to do is:

  • Have clarity on what truly matters - figure out you