Losing Financial Freedom SUCKS! What It Felt Life For Me

https://www.youtube.com/watch?v=BN8nKj-z7qo What does it feel like to have financial freedom and then all of a sudden lose it, be in debt and have to work your way out of it? 0:00 - Introduction0:43 - How I got my financial freedom2:30 - Financial freedom didn't make me happy3:20 - We bought a van and moved to Noosa4:25 - What I did with my financial freedom6:08 - How I lost my financial freedom7:33 - What happened when I lost my financial freedom8:15 - What did it feel like to lose financial freedom9:07 - Struggling to pay my bills11:30 - Building up my income again14:16 - How does it feel now?15:28 - What did I learn from losing financial freedom16:30 - My goals now19:05 - Do I regret losing financial freedom? Recommended Videos: Exploring Financial Freedom (at 28) What it Feels Like To be Financially Free (at 30) The 2 Year Strategy Transcription: Ryan 0:00what does it feel like to lose financial freedom so to have financial freedom where you don't have to work anymore you can do what you want with your time and then to all of a sudden lose that be in debt and have to work your way out of it again that's my story and that's exactly what happened to me and what it feels like to lose financial freedom is not a story that you hear from many people so i'm excited to share with you a bit of that today hi i'm ryan from onproperty helping you and your journey to financial freedom and i think with this story we need to start with how i became financially free how i lost my financial freedom what it felt like to lose it and where i am now so let's start with how i got my financial freedom in the first place my financial freedom i always call it pseudo financial freedom because i was ever financially free in the way that property gives you where you're financially free basically for the rest of your life barring unforeseen circumstances i got my financial freedom through online passive income or through my online businesses so i had websites set up that were had content on them that were generating traffic and revenue and generating enough revenue that i didn't really need to work anymore and i actually made a video when i first realized that i'm kind of financially free and i don't know how that feels and in that video i actually said i'm in the position where if i don't work for a couple of years then the businesses will decline and i won't be financially free anymore and it's funny because i watched it yesterday or the day before and i was like that is actually a prediction of the next couple of years of my life so that was me at 28 we then bought this van which i'm sitting in now as you can see it's a bit like it's not really set up to be used at the moment it's kind of just got storage stuff in it but i came down here because of this story and because i thought what better place to tell it than here and also just being in here is inspiring me to do this app and to transform this into something that i can use again we achieved financial freedom through online businesses took me five years of full time work in order to get to that point and then it took me another seven years of part time work before that to get to that point so i started at 1828 okay so maybe i got my years wrong then but yeah sorry 18 and by 28 i was financially free through my online business realize at that time that i wasn't happy i actually entered a phase of a pretty deep and dark depression now i've struggled with depression on and off throughout my life but when i hit financial freedom and i'd achieved this goal that was driving my life forward this is a goal that i set when i was a teenager that i wanted to be financially free i wanted to be rich by the time that i was 30 and so i'd set this goal i've been working towards this goal i'd quit a high paying pharmaceutical job to grow my business to pursue this goal and obviously life happens in the time you know i had a great relationship with my wife at the time we had beautiful children we were doing our thing had a pretty good life but yet i achieved this goal and i now had no reason to work anymore and i just went into this deep dark depression and my wife wasn't happy where we were and what we're doing at the time either so we're like let's let's let's buy a van so we bought this van which originally was a school bus and old school bus and we stripped out all the seats we renovated the van so everything that you see in here we did so we did or we insulated all did all the roofing did all the flooring kills dad helped build this raised platform bed underneath is where the kids sleep rigged it up with solar and everything moved into the van and started traveling did that for two months found out that it wasn't for us settled in noosa up in queensland north of brisbane up there beautiful spot and lived there for two years and as i predicted in my video i basically spent the next two years not working i did a bit to maintain my business i made videos when i was inspired or when ben called me and he's like ryan we need to make some videos on like yeah all right let's get him on a skype call filming person that's fun but other than that i didn't really do anything on my business i use that time to explore who i was and what's going to make me happy and i'm really proud of what i did at that time because i think what most people would do is they reach a level of financial freedom and i wasn't rich by any stretch of the imagination i wasn't rolling in it i didn't have a mercedes i didn't own my own house or anything like that i just had a decent level of income coming in where we didn't really need to worry about money we who got to cafes if we wanted to so wasn't rich but decent level of income i feel like what most people would do at that point is say, Okay, I'm not happy. And in the mansion, I need the cars, I need, you know, to be extremely affluent. And I'm really proud that at that time, I thought, I'm not happy. And I can see progressing down this journey towards more wealth is not going to be motivating for me. And it's not going to lead to happiness. So I just put the brakes on everything, and spend that time working out who the EFF am I, what the heck makes me happy. Because if I'm financially free, and I'm not happy, something's wrong. And so I spent that time exploring so many different things. And I guess eventually came to an awareness probably 18 months in, of what can make me sustainably happy. And I've been so fortunate that I have not experienced depression for probably 12 to 18 months now. Because of that time that I spent, so did that financial freedom, exploring yourself not working, also spent heaps of time with my kids heaps of time taking them to school, a lot of time with my wife went to the beach, a lot had a great time in those two years. So it was great up there. But yeah, it didn't work for two years. And then what happened was got to a point, how did I lose my financial freedom. And that's where we're at now, got to the point where hadn't really been working on the business for a couple of years, the market shifted in my business in my major income source. And my also secondary income stream started to decline quite significantly, as well. And so in a period of just a couple of months, my business went from being super stable and earning good money to now super inconsistent and earning a lot less money. At the same time that happened, me and Kelly had decided to separate and to split up and go our own ways. And so there was a lot of expenses associated with that, and living with multiple different places, and then relocating down to Sydney. So my expenses jumped significantly throwing through that short period of time, and my income dropped dramatically. So I realized that I didn't have any buffers in place or anything like that. I was financially free, but I was spending every dollar that I earned, and maybe even a little bit more. So getting slowly and slowly into a little bit of debt. And then this situation happened, where it's like, oh, my gosh, I can't afford all of this. And so I got into debt, my debt escalated, because my income was on there to support the rise in expenses. And I thought that I can get myself out of this really quickly, but I couldn't. And so then we kind of realization struck, we moved back to Sydney, and I moved back in with my family. And I thought at the time, I'll move back in with them just for like a month to kind of work out where I want to live and move back out. And it became apparent that I can't actually afford to do that. Because I'm not financially free anymore. You Ryan, you lost your financial freedom. You don't have you don't have that you're actually in debt, you're actually struggling to pay your bills. I. So that was a big shock to go through the separation, the relocation and then to realize you're not financially free anymore. And what does that feel like? To have that? funnily, it wasn't as depressing as I thought it would be, it was actually more depressing to achieve financial freedom than to lose it. And that speaks way more about my mindset at the time when I was 28, versus when I was 30, or 31. And the growth that I've gone through as a person in that time, so it's not necessarily a situation, it's definitely better to be financially free. God, it was so good. It was so good to just work when I was super inspired. Sometimes I get inspired, I work really hard. Other times I wasn't. And I would spend weeks of just surfing coffees, kids hanging out, go on the beach, going to the federal farm, there was this farm up in Noosa, with this lovely couple who opened it up on weekends. And that was just one of our favorite places to go. So financially free was great. It was definitely better than not being financially free. But came back to Sydney and then wasn't financially free anymore. And thought, Okay, I'm going to work my way out of this.