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If You Were Financially Free

If You Were Financially Free

On Property Podcast

July 30, 202014m 2s

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Show Notes

https://www.youtube.com/watch?v=eUFMxCxMV4k In my previous episode I talked about how to stop rushing to be financially free but to make the life we want now. But how do we start to work out what is actually going to give you a happier and more fulfilled life. 0:00 - Introduction2:45 - Ask yourself this question6:30 - What is my answer to this question? Recommended Videos: Don't Rush Financial Freedom - Do This Instead Transcription: Ryan 0:00In my previous episode, I talked about how we need to stop rushing to be financially free house, often we see financial freedom as a pot of gold at the end of the rainbow that is going to deliver us happiness. And yes, it gives you choices. And it gives you time to pursue the things that will make you happy, financial freedom is great. But we can actually pursue our happiness and pursue a more satisfied and more fulfilled life, with or without financial freedom. And so in today's episode, I wanted to actually get yourself asking a question to find out, okay, what is actually going to make me happier, because so often when we're in the thick of it, when we're struggling to pay our bills, where we've got mortgages or rent, to pay mouths to feed, all of that good stuff that goes into making life awesome. But when we're in the thick of it, doing the day to day grind of our job, and the stress and everything that comes with that, it can be really hard to actually get out of our own heads and get out of our own lives and think what actually would make me happy, because to be honest, I kind of just worked for financial freedom up until I was 28. And I got my pseudo financial freedom. I didn't actually think, Okay, what do I want to do with my life? What do I want to do when I'm financially free? What will make me happy? I was just like, financial freedom is my goal. I need to strive to that. And I think even if I tried to stop and think, Okay, what will I want to do? I didn't really know. And so often, the things that come up are those big things, those, okay, you're going to live this travel lifestyle, you're going to live in a mansion, you're going to drive this really expensive car, all of that sort of stuff. But I think for most of us, if we really stop and think about it, we know that that stuff's not going to make us happy. We know that that's not going to make us fulfilled in life. Yet, it would be nice to have both do we need it in order to live a happy and fulfilled life? No, most of us don't. And for me, the idea of having a mansion just means more cleaning, or just means I need to hire a cleaner to keep it clean. And just the big space, it would be cold. And you know, I'd be so far from my children, I feel like we would interact less. So it's not something that I would like. So today, I feel like the answer to our question of Okay, what's going to make us happy? We're not trying to find the answer to that. We're trying to find better questions that are going to lead us to a better understanding of ourselves. So today, I have a question for you, as I sit outside here in the sun and drink my coffee, I apologize for the outside noise for the sound of the cars bouncing off the wall here for trains as they go past if and when they will. But it was just too nice to not film this morning. And so the question is this, if you were financially free, and didn't have to work, so let's just pretend you're financially free through properties, let's say you've done the to property to financial freedom strategy, I will probably have done five properties with five granny flats, or maybe you don't through shares, he comes a train right now. However, it is that you did it, you're financially free, you don't need to worry about money, you don't need to work, but you want to work because you know, you're still young, you still want to actually do good, you want to be challenged, you want to do that sort of thing. If your financial frame didn't have to work, what would be your ideal job to pursue? And in this question, what would be your ideal job to pursue, we're going to assume that you either magically have the training like matrix style, where Neo just imparts it into his mind, and he knows it straightaway. So we can either do that in this imaginary task. Or you can actually take the time to go and do the training. Because remember, you're financially free, you don't have to worry about money. So if you're spending the next 10 years at university to become a doctor, you're going to med school, you're financially free now to worry about money. It's okay, you can do that because you want to pursue it. So I find this question really interesting. And it came up because my partner unfortunately was made redundant in her role when COVID here, she was one of the first people to go, she worked for a rental car company. And obviously, with people traveling a lot less now, because of all the restrictions and everything. She was actually in the corporate side of things, developing new products for them so that they could grow their revenue. And obviously, that was, you know, kind of not needed at this point in time. So she was made redundant, but I posed this to her because she's looking at for jobs and things like that. It's like okay, what do you actually want to pursue? If you didn't have to worry about money? What would you want to do? And it brought up some really interesting answers for her into what she wanted to pursue. And I find this very interesting and when we're doing these sorts of exercises, and I'll probably create more videos in the future have come up with more better questions. But the idea is you have to have actually suspend reality for a while you have to actually take away all of the responsibilities in your life your rent your mortgage the miles that you have to feed all of that sort of stuff this is why saying if you're financially free and didn't have to work because you're actually stripping away everything to do with money you're no longer working for the money that that career is going to give you you're not working for the lifestyle it's going to give you in terms of financially supporting that lifestyle maybe up sure because the lifestyle it gives you in terms of work life balance that's a different situation but it's really interesting to think about okay what sort of career would i want to pursue if i didn't have to worry about money and so stripping that away you kind of you go through this exercise you think about what would i like to do and then after you've done this exercise then you can start to think about okay how do i bridge the gap between where i am now to where i want to be given that i have these responsibilities in my life now financial freedom may be the answer to that and you may do the two properties to financial freedom strategy working the job that you don't like right now for a couple of years save those deposits buy the properties build the granny flat and then when you build up that foundation then start pursuing this career because you know you've got financial freedom in the bag maybe you're like that or maybe you think about okay this is what i really want for my life i'm not going to wait until i'm financially free how can i do this right now what sacrifices do i need to make to do this so for me when i asked myself this question because i'm not financially free right now definitely on the path towards that pseudo financial freedom again if i stopped working right now i think i would still actually have that pseudo financial freedom in about a year's time but i'm going to keep working hopefully i get it in about six months 12 months maybe we'll see how we go but let's just say for me if i was financially free through property so i didn't have to worry about it what sort of things would i want to pursue something that comes up for me initially is neuroscience i absolutely love learning about the brain the plasticity of the brain