Your Why of Financial Independence

Why do you want to become Financially Independent? You now have your definition and are intrigued enough to pursue it – but why? It is important to know the why because this journey can be long, challenging, and at times boring. Knowing the “why” keeps us motivated. And if we truly understand our “why”, we will have the answer when our friends and family ask, “So what’s all this Financial Independence stuff about?” You’ll confidently retort with your “why”. This Fiology lesson encourages you to answer why you want to pursue and reach Financial Independence. Of course your answer will change over time but it is important to never lose focus of your why.

Read:

• Why FI? – Why Everyone Needs Financial Independence  by Krizelle of themintedlatte.com
• What Is Your Why?  by Mark Trautman of marksmoneymind.com
• 5 Reasons to Pursue Financial Independence  by Roshawn Watson of lifehack.org
• Fathers on Financial Independence  by Mr. Rich and Regular of richandregular.com
• 16 Great Reasons to Become Financially Independent  by Jillian of montanamoneyadventures.com with your significant other, best friend, or close relative.  Discuss the relevance it has in your life now and the relevance it may have in your future.

Watch:

• What’s your why? My talk from Camp FI in April  by J.D. Roth of getrichslowly.org

Listen: 

• The Why of FI  by Brad Barrett and Jonathan Mendonsa of choosefi.com

Take Action: 

1. For each of the 16 Great Reasons listed in Jillian’s article above, consider how you believe your life will be affected when you reach your FI milestone. Write these ideas in a journal and refer to them often to remind you why you have chosen to achieve FI.

Additional Resources:

• Emotions of Financial Independence  by Brandon of madfientist.com
• Valuable Lessons from My First Year of Freedom  by Brandon of madfientist.com

Quote:

“I am no bird; and no net ensnares me: I am a free human being with an independent will.” from Charlotte Bronte’s Jane Eyre