{"id":7795,"date":"2020-12-02T07:40:16","date_gmt":"2020-12-02T05:40:16","guid":{"rendered":"https:\/\/medicalmanage.gr\/is-financial-independence-selfish\/"},"modified":"2020-12-02T07:40:16","modified_gmt":"2020-12-02T05:40:16","slug":"is-financial-independence-selfish","status":"publish","type":"post","link":"https:\/\/medicalmanage.gr\/en\/is-financial-independence-selfish\/","title":{"rendered":"Is Financial Independence Selfish?"},"content":{"rendered":"<p><strong>Reaching financial independence is no small feat.<\/strong><\/p>\n<p>One has to turn inward and explore personal habits, goals, and rebalance value systems.<\/p>\n<\/p><div id=\"medic-2083114135\" class=\"medic-mesa-sto-article medic-entity-placement\" style=\"margin-left: auto;margin-right: auto;text-align: center;\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3269445924940809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- medical en mesa sto arthro -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-3269445924940809\"\r\n     data-ad-slot=\"8662865328\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p><strong>These are somewhat introspective topics.<\/strong><\/p>\n<p>Indeed, they require quite a bit of self-focus.<\/p>\n<p><strong>This is something good.<\/strong><\/p>\n<p>If we don\u2019t continuously re-evaluate our beliefs and actions then how are we going to grow?<\/p>\n<p><strong>On the other hand, such thinking leads to another critical question.<\/strong><\/p>\n<p>Is financial independence selfish?<\/p>\n<p><strong>Pay yourself first<\/strong><\/p>\n<p>\u03a4his term is often used in the finance community to discuss how we prioritize saving and investing.<\/p>\n<p><strong>This could remind us the oxygen mask in the airplane scenario.<\/strong><\/p>\n<p>You must place your mask on yourself before helping your children.<\/p>\n<p>Why?<\/p>\n<p><strong>Because you are no good if you pass out before you help anyone.<\/strong><\/p>\n<p>Could the same be said for financial independence?<\/p>\n<p><strong>Is financial independence selfish?<\/strong><\/p>\n<p>Maybe in the beginning.<\/p>\n<p><strong>When we first set out to take control of our financial lives it behooves us to set up systems and&nbsp;start the process of compounding&nbsp;as soon as possible.<\/strong><\/p>\n<p>Once in place, however, a world of opportunity awaits.<\/p>\n<p><strong>Social mission and purpose<\/strong><\/p>\n<p>Financial independence is irrelevant.<\/p>\n<p><strong>It is a&nbsp;lever&nbsp;that we can pull when our W-2 is no longer bringing meaning into our lives.<\/strong><\/p>\n<p>The magic of having financial freedom is letting go of economic concerns in order to pursue passion and meaning.<\/p>\n<p><strong>For many of us, our post-W-2 existence becomes a platform to explore social mission.<\/strong><\/p>\n<p>This can take many forms.<\/p>\n<p><strong>Education is a major one.<\/strong><\/p>\n<p>Many bloggers and podcasters do their work not to enhance the bottom line but to forward an educational agenda.<\/p>\n<p><strong>When it comes to personal finance, many wish to teach and coach those around them reach their goals.<\/strong><\/p>\n<p>Volunteerism is another.<\/p>\n<p><strong>Once no longer bound to the 9 to 5, many use the skills they learned in their profession to volunteer.<\/strong><\/p>\n<p>They bring hard definable skills to nonprofits and other organizations that may not be able to afford such expertise.<\/p>\n<p><strong>Is financial independence selfish?<\/strong><\/p>\n<p>It doesn\u2019t have to be.<\/p>\n<p><img decoding=\"async\" class=\" size-full wp-image-7794\" src=\"https:\/\/medicalmanage.gr\/wp-content\/uploads\/2020\/12\/images_doctorandmoney.jpg\" alt=\"Is Financial Independence Selfish?\" width=\"100%\" title=\"Is Financial Independence Selfish?\" srcset=\"https:\/\/medicalmanage.gr\/wp-content\/uploads\/2020\/12\/images_doctorandmoney.jpg 480w, https:\/\/medicalmanage.gr\/wp-content\/uploads\/2020\/12\/images_doctorandmoney-300x253.jpg 300w\" sizes=\"(max-width: 480px) 100vw, 480px\" \/><\/p>\n<p><strong>See the world<\/strong><\/p>\n<p>Freed from a daily schedule, and with the financial means, many choose to travel the world.<\/p>\n<p><strong>Although the joy and exploration are often the impetus, one can\u2019t help but also realize that there is suffering that reaches far outside the borders of one\u2019s country.<\/strong><\/p>\n<p>International missionary work, medical or otherwise, is another arena in which financially independent people thrive.<\/p>\n<p><strong>Not only do they have the time but the resources to pursue such activities.<\/strong><\/p>\n<p>And there is an added bonus.<\/p>\n<p><strong>You have an excellent excuse to see the world \u2014 not just the glamorous places but the ones that desperately need help.<\/strong><\/p>\n<p>I can think of few better ways to search for meaning once money no longer takes up so much mental space.<\/p>\n<p><strong>Final thoughts<\/strong><\/p>\n<p>Is financial independence selfish?<\/p>\n<p><strong>It could be.<\/strong><\/p>\n<p>There is no question that on its surface it is a very&nbsp;<em>me<\/em>&nbsp;centered activity.<\/p>\n<p><strong>If you dive down a little deeper, it becomes apparent that it doesn\u2019t have to be.<\/strong><\/p>\n<p>Becoming financially independent means freeing yourself from the bonds of money and indebtedness.<\/p>\n<p><strong>This opens your life up to pursuing meaning and purpose wherever you may find it.<\/strong><\/p>\n<p>For many, this includes social mission.<\/p>\n<p><strong>Educating, volunteering, mission work, and donating are just a few of the obvious ways.<\/strong><\/p>\n<\/p>\n<p>So you\u2019re rich.<\/p>\n<p><strong>How are you going to make a difference?<\/strong><\/p>\n<p><strong><a href=\"http:\/\/www.medicalmanage.gr\/en\/\" title=\"MEDICAL management TUTORIAL\">www.MedicalManage.gr\/en\/<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reaching financial independence is no small feat. 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