I keep talking about getting financial freedom or financial independence and how you utilise the magic of compounding to help you get financially free. However compounding is a very very long term game.
While you should be investing, it does not mean that you stop living your life Today. It does not mean scrimping through life. I was telling one of my relatives today, on this same philosphy, that you should learn to live abundantly . What is the point of having money which you save all through your life, but you yourself never enjoy it.
If you’re scrimping to save everything, so that you have something in the future that you will enjoy, then by the time you reach the age when you think you can enjoy, you will be too old to enjoy.
That’s why I mention, that you need to save also for your dreams and tick of the things on your bucket list while you are saving money. I have a huge bucket list of my own, which keeps growing. So while there’s some amount you are investing for the long term, you also need to have a fund to achieve various dreams that you have. And when you hit that target you need to actually go out and do that activity to achieve your dream.
At the moment because of the Covid restrictions, we cannot travel out of India, I am right now active every weekend exploring different countries on YouTube and listing out what I will do when restrictions get removed. Not sure in what shape and form travel will be allowed but I am still putting things on my bucket list.
Now your dreams could be making a boat, or weaving a carpet or going on a hike, take your time to do these activities. Because when you achieve your dreams, it helps improve the performance of your brain. If the brain performs better you actually achieve more and you get more abundance overall. You trick your brain by living abundantly and therefore get more abundance. Its a mindset issue. I am not taking about taking loans and living out of your means. However I am definitely asking you to invest money for your short term dreams, mid-term aspirations and long term goals, instead of only long term goals.
Till next time then.