This Is How My Money Is Spent By My Friends Who Have More Freedom Than Me

Kathyjms
10 min readSep 5, 2021

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The freedom is the ability to spend or save as one wishes.

When it comes to money, I still have a long way to go.
It’s simple for your expenditures to suddenly rise when you make more money. It’s not my expenditures that are the issue in my case; it’s my discipline.
I used to move heaven and earth to avoid having to pay for parking. Inquire among my pals. They’ll tell you about how I used to walk for 60 minutes to get free parking. You receive a good dosage of daily exercise as well as a free rectangle of cement to park your pile of metal and four wheels on when you walk so far.

I observed a difference the other day. I didn’t even bat an eyelid when I paid $14 for parking. This is what I’m talking about when I say “financial discipline.” If I continue on this road, whatever gains I make in financial assets such as Bitcoin or Ethereum would be futile. What is the point of all of this?

You can purchase freedom with money. Getting your time back is the definition of freedom. You become a hidden millionaire when you get your time back .

Many of my friends have purchased their time back — they haven’t had a conventional job in years and haven’t been compelled to join a Zoom call to pay their mortgage. Some of these pals are even slackers who squander their time.

I’m learning how to live from these people so that I may reclaim more of my time to read, spend time with my family, and write. These courses will help you consider what you value in terms of freedom, time, and money.

They aren’t jerks when it comes to humanity.
A human character with a tight arse is unattractive.
My pals who have reclaimed their liberty aren’t heroic soldiers wielding a stoicism book by Seneca. They strangely consider another person’s circumstances to be similar to their own. They recall times when they faced adversity or fell flat on their faces.

This manner of life encourages people to do this instead of becoming Mother Teresa: routine, quiet, nice acts.

People are knocked down, as you can see. They are robbed of their possessions. They are confronted with an unforeseen catastrophe. This does not imply that they are illiterate. This gives them a human quality. And when you’ve reached rock bottom and don’t know what to do with your life, a little act of kindness may make all the difference.

It happened to me as well. I was publicly dismissed from a job I loved. For the final time, I walked out of the workplace. I couldn’t stop myself from crying. I began sobbing like a baby. People considered me to be a LinkedIn influencer. They were completely incorrect. I had to confess the truth in public one terrible day. On LinkedIn, I spoke the truth. I went into hiding for almost a week after publishing the article. I kept my face hidden. I felt like a scumbag.

I eventually got back up and began searching for a new work, but I was met with a wall of rejection. People that I expected to assist me turned their backs on me. However, not everyone. One of my coworkers overheard the tale. To check in, he dialed my number. He asked me to see him at his office.

This is the peculiar section.

He had a desk set up for me when I arrived at his workplace.

“From now on, you’ll be working in our office until you get back on your feet.”

He realized immediately that I was wrecked mentally. He reasoned that if I came to his office and had a location to work from, my mind would be fooled into believing I had a job. Until I could find another employment, his coworkers became my fake coworkers.

This is a little act of kindness. It didn’t take much effort or compassion. It didn’t cost me a dime to accomplish it. It’s a little act of kindness that I’ll remember for the rest of my life.

This former coworker and buddy performed a nice act in the background. They may have been stingy with their time (time is more expensive than money). They weren’t even close to being a tight arse. My predicament morphed into theirs.

A little kindness can go a long way. One little act may have a huge impact on someone’s life. Real wealth is having the flexibility to make that goal a reality.

They take a long time to respond to new trends.
Two major developments are NFTs and cryptocurrency. My more liberated pals are slower to respond than I am. Why? They waste a ridiculous amount of time doing research. They don’t pay attention to gurus. They studied the topic through reading literature. They devour charts and financial data from Twitter conversations.
Trends strip you of your independence — a trend is a test. An experiment’s lab mouse investors usually lose.

Data and research will reclaim your independence and offer you more time.

Despite low interest rates, they have a surprising amount of cash on hand.

I’ve written a lot about how inflation eats away at your buying power if you leave money in your bank account.

My colleagues who have reclaimed their time have a startling amount of money stashed away in their savings accounts. My Australian savings account’s interest rate is now at 0.1 percent. My perceptions were tested by their actuality.

Savings accounts cost you money in interest, chip away at your buying power, and profit the bank with which you bank.

Putting money in a savings account offers the following surprising advantages:

You have enough money to invest in possibilities that may pay you more in the long term than the interest you lost on your savings account. Stocks, for example, might see a significant fall, allowing you to ultimately buy Amazon at a bargain if you so want.

Tim Ferriss, a lifestyle designer, says he has always maintained a significant sum of money in the bank rather than investing it in the stock market. The reason for this is because it aids his sleep. You may receive a monetary return on your investment. Money, on the other hand, may buy you stress alleviation. This realization shifted my perspective on savings accounts.

You have the option of taking a high-risk approach. You are moving backwards financially if you have all of your money in a savings account. The advantage is that you can use a high-risk approach. My buddy has a significant quantity of Bitcoin. Since they purchased Bitcoin, it has skyrocketed in value. They have decided to keep an equivalent amount of money in cash, earning virtually no interest, to insulate themselves against the dangers of cryptocurrencies. Bitcoin provides them with the financial development they want, while money in the bank provides them with a means of mitigating that growth. This is the first time I’ve heard of a savings account like this.

A savings account may be a good strategy to protect yourself from higher-risk investments. That’s an idea I got from a couple pals.

I’m also considering using an app like BlockFi to create a blockchain-enabled savings account. I haven’t made a choice yet because I want to learn more about the dangers and legal implications.

Consider a savings account from a variety of perspectives. Consider the possibility of danger while making decisions.

Each of them owns a tiny piece of the future.
They don’t have a million dollars in Bitcoin. They didn’t purchase 1000 Ethereum coins after becoming friends with Vitalik. They put a tiny portion of their money into the now-clear future.
A decentralized internet in which ownership is no longer a problem is the future. Where everyone has equal access regardless of their financial situation. Where anybody from anywhere in the globe may join the social network that is money. They purchased a future piece as a vote on where we should go. They often invest 1–5% of their funds in either Ethereum or Bitcoin.

It isn’t their investment that intrigues me.

It’s their willingness to think beyond the box.

Keeping an open mind about the future and a healthy dose of optimism affects how you live your life and who you spend time with. Those who believe they know everything have a miserable existence. Those who anticipate (daily) catastrophic outcomes for mankind are trapped in a mental prison.

People with an open mind are more likely to stumble across possibilities that are hidden in plain sight. They seem to be fortunate because of these chances. It’s not at all by chance. It’s the practice of seeing things a little more clearly than they are. That’s what true financial independence can do.

They’ve put forth a lot of effort into their persona.

What you accomplish in life is mostly determined by who you are. A nice personality attracts chances.

On the surface, each of these pals seems to be endowed with a good personality. It’s a whole different story behind the scenes. They’ve spent money to improve their persona. These aren’t your typical Instagram moments.

Do you understand what it means to work on your character? When anything terrible occurs, you should see a psychologist. When there is nothing wrong with their love connection, they seek couples therapy. Obtaining critical feedback from individuals they admire. Getting criticism from their critics

They hire individuals to tell them the truth about themselves in exchange for money. When you think about it, that’s a very strong statement. The majority of people tell you lies about who you are. How many managers out there believe they’re great and have no clue that their direct reports think they’re a complete moron? Lots.

If you want the freedom to do anything you want with your leisure, you must develop the kind of personality that merits such a reward. I’m still a long way from having that kind of personality. I still have a lot of wounds to heal. But I’m flirting with the idea of paying to enhance my character.

Maybe character development is the big potential you’ve been overlooking.

They have doubts about the stock market.
This does not imply that they have sold all of their stocks. This isn’t to say they’re completely cash-strapped. What I’ve observed is that they have doubts about the stock market. They wonder why, in the aftermath of a worldwide epidemic, the financial market has remained relatively unaffected.
They wonder why asset values continue to rise when something doesn’t seem right at the ground level. This is the sensation you will get if you go to your neighborhood retail mall. Stocks are predicated on the future in a hazy way. Stocks, on the other hand, have a history of realigning to the present. What does this imply for investors if this happens? This is the question they’re asking. Stock market hysteria is hazardous to them.

If you adore the US dollar, “Buy the Index Fund” is sound advice.

When you assess the worth of equities in a currency other than the US dollar, your perspective on the financial world changes. You begin to have doubts about the stock market. When you challenge reality, you’ll discover things you didn’t know before. Breakthroughs happen when you discover something new.

Breakthroughs ultimately lead to changes in how you spend your money and, as a result, how you spend your time.

The ability to spend your time as you choose is an enthralling idea that will leave you speechless.

What you have to accomplish with your time may be dictated by your employer or a mortgage. What if you had the opportunity to say your goodbyes to both of them? Or could you live with both of them and know that you could gently let them leave at any time?

Those who have the flexibility to spend their time as they want have made little adjustments. They prefer to see the world as a communal space in which we live for a finite period of time before passing the baton to future generations. Why wouldn’t you alter what you do with your money and how you think about your finances if you look at it that way?

The greatest freedom of all is having control over what you do with your time. When you have control over your time, you have a new perspective on life. You consider life to be a group experience rather than an individual one.

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Kathyjms

life experience work on oneself freedom, autonomy and well-being are my way of life travel opens our minds