Personal Finance
Make time for important things
By Five Cents Ten Cents  •  March 25, 2009
[caption id="attachment_2109" align="alignright" width="150" caption="Photo by FABIOLA MEDEIRO"]Photo by FABIOLA MEDEIRO[/caption] There is no point in winning the battle but to have lost the war. What are important things? The lesson to be learnt from the concept of pyrrhic victory is to balance the means by which you obtain your ends. Our objective (”ends”) in financial freedom is to generate enough passive income to be able to be financially free. In this quest, the process brings with it some valuable insights that we should not lose ourselves in the pursuit of financial freedom. Financial freedom exists in a context. We want to reach the goal of being financially free. Upon reaching that goal, are we able to truly say we are happy and fulfilled because being financially free releases us to do those things are gives us meaning, value and fulfilment? This means that before your reach the point of financial freedom, you have to already know what are those important areas of your life that give you meaning, value and fulfilment. I am grateful that in my life I’ve encountered three key experiences that have helped shape my context of financial freedom. My first was [1] volunteer work. I have volunteered for a few years in a non-profit association as a board member. I have also volunteered in the kidsREAD program reading stories to children aged five to eight years-old from lower-income families. Both the experiences taught me the value and fulfilment in service but also taught me about being burnt-out and tired and the need to balance one’s own health as well. The second has been my [2] toastmastering experience. Joining a few toastmasters clubs helped build up skills in public speaking and networking. It has been instrumental in building up my confidence in interviews for jobs and in being able to organise and articulate my ideas when needed. The third is [3] fatherhood. Being a father to my one year-old daughter has made me become less selfish, more aware of others’ needs and at the same time also gave me a strong reason to achieve financial freedom. The closer I get to financial freedom, the more it frees up time for my daughter (and spouse) and also for myself. There is also a next generation to bequeath my assets should anything happen to me in this journey. Insight #2 : Financial freedom requires balance Read more...
Read the full article
By Five Cents Ten Cents
PanzerGrenadier is a 30-something accountant who finally grasped the concept of financial freedom at the ripe old age of 32. Ever since, he has been travelling on his journey towards financial freedom and documenting his adventures through his blog "fivecentstencents". PanzerGrenadier allocates his non-work time in between living within his means, saving and investing as well as spending quality time with family. He is an avid toastmaster and has completed 10 years of being a reservist conscript in the Lion City.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

1 Comments

One response to “Make time for important things”

  1. Panzer says:

    Thanks Derek for featuring my article.

    Be well and prosper!

Leave a Reply

Your email address will not be published.

Read More Articles
More from thefinance
%d bloggers like this: