Financial Freedom

I've been interested in the financial world since about age 16, when I first picked up a book called "Smart Couples Finish Rich" (by David Bach). Since then, the concepts of saving, investing, passive income, and financial freedom have captured my imagination.

I think a lot of us forget to dream big sometime between being kids and growing up. But recently I've realized that I have at least one extra reason for dreaming big in the financial domain. Aside from any dreams of worldwide travel, world-changing philanthropy, or whatever it is that captures your imagination, I personally have a totally selfish but important reason to be financially independent, and that reason is my health.

For me, the possibility of not having to work (because my passive income would cover my expenses) creates an enormous relief, one that can feed back into calm and relaxation that would translate into being healthier. Now, that doesn't mean I wouldn't want to work; quite the contrary. But I would like to have the option of not working as a viable one.

That doesn't mean I already know how to get there. But I most certainly want to learn.

That's why I've been interested in expanding my financial horizons. I've done a lot of reading in the field but I think it's time to up the stakes. I've been investing in the stock market for a few years now, but I believe it's time for me to learn more about how people truly achieve passive income towards the goal of financial freedom. I intend to attend several courses by people who have "done it", which CashFlow club Israel actually gives. We'll see how that goes...

P.S. Like many other people, I read "Rich Dad Poor Dad" by Robert Kiyosaki. I liked it although I felt it was a bit exaggerated, and not clear enough on details. Couldn't put my finger on what was wrong until yesterday, when writing this post, I came across this analysis of the book. I highly recommend it for any Kiyosaki reader. A true eye-opener about the book and author. While I appreciate Kiyosaki's ability to motivate, there are downsides to being over-motivated, especially if you get to the point of brazenly taking dangerous risks. I admit I came dangerously close to this, but happily had some sense to take a deep breath and think about it.