There is much I have to say about becoming financially independent for the purposes of, well, becoming financially independent. So much has been said about being financial independent (FI) that it is making it’s way into main stream America, and beyond.
From what I’ve witnessed, it’s the WHY of FI that makes it so personal. “I want to be FI so I can do whatever I want, travel, follow my passion, stay home with my kids, care for my parents, etc…”
What about good old-fashioned “because it’s my sense of responsibility” driving me to it? Am I missing something here? Is being taken care of by some other entity – such as a former employer, a pension, a partner, the government, a trust fund, fill-in-the-blank – so commonly understood and accepted that the declaration of striving to be financially independent is so newsworthy?
How often do we hear about the person striving to be FI because he/she doesn’t want to depend on any entity and has the societal obligation to be self-sufficient throughout adulthood, all things considered. Truth be told, I believe those sentiments are inherently understood in every FI proclamation I have heard or read. Let’s shout it out then:
“I am paying off debt, spending less, saving more, learning to invest, increasing my net worth so I can live independently for the rest of my life!”