Finally, to breathe life into my blog – my first non-cooking post!
Since turning 30 years old in 2016, I began reading a lot of financial blogs that promote achieving financial independence before you become a fragile 67 years old.
Ahhh, 67 years old!!! The golden IRS age to receive full monetary retirement compensation from the government to replace your working income. Ummm, Why is the government dictating when we retire?!
They can’t even promise us that there’ll be money left to give us 30 years later. Just another scheme to get us paying them for as long as possible – yup, when we become old and fragile! How cruel!
This is where the concept of financial independence comes in. We should dictate when we retire, not the government. I want a retired life while I”m young and active. Enjoy the freedom of having my own time — no need to worry about bills and employers.
Financial independence is the new American Dream. Damn you employer! Damn you government!
Financial independence (FI) is bullshit (BS)!
That’s right, I just damn FI!
All the blogs that promote FI is BS [don’t get me wrong, they got its perks, I still love reading them].
FI is impossible for the average American!
- We are not savvy investors.
- We don’t pick stocks.
- We can’t read statements sheet to buy dividends.
- We don’t flip houses.
- We don’t want to be landlords and deal with terrible, whiny tenants.
- We don’t know how to pick EFTS etc.
- We don’t have a finance background to understand all these finance/investment jargon.
- We don’t have time to read all these books [we got to work…] that are 95% bullshit to begin with. Yeah, like they’re gonna tell me how to win the lottery. Stop playing us. If you want to share numbers and math, be 100% transparent. Don’t play the numbers to make it look nice to readers and then tell us that you don’t want people to know about your personal finance.
- We don’t have time for all those side gigs. My full-time job takes up all my time. I value sleep for good health.
- “Financial independence is generally used to describe the state of having sufficient personal wealth to live, without having to work actively for basic necessities. For financially independent people, their assets generate income that is greater than their expenses.”-Wikipedia
“So I stop working, and money will just grow for the rest of my life? Sweet! [sarcastically]”
“So you’re telling me FI is impossible for an average American? You just crushed the new American Dream! But there are so many FI bloggers who achieved FI.”
Yes, all the FI bloggers who blogs about FI clearly has achieved some form of FI. But are they realistic to an average American?
FI bloggers clearly have a skill set that many of us don’t have.
FI bloggers are like entrepreneurs.
- created a name for themselves,
- know how to promote,
- and they’re good with long-term finance planning.
Not everyone are entrepeneurs.
Even the Mr. and Mrs. Frugalwood who sound so average are not average at all.
An Average American who achieved FI
- will not have a blog,
- will not be on a podcast,
- will not promote their FI
- and will not take advantage of it as an income stream.
- The real average FI American is the silent wealthy man that no one ever knows about.
Hence, all FI blogs that we read is a packaged product filled with lots of promises but never actually delivers to an average joe like you and me. The term “financial independence” is probably some fancy term that’s developed by some smart-ass hoping to capitalize on the idea via the Internet.
At the FI core, all these FI bloggers are basically promoting financial security.
Financial security – an antique concept with a new modern spin
- “Financial security refers to the peace of mind you feel when you aren’t worried about your income being enough to cover your expenses. It also means that you have enough money saved to cover emergencies and your future financial goals. -Quicken”
Financial security has been around forever — at the start of human life. It’s what everyone aims for. No matter if you’re in a first world country or if you’re in a developing country, everyone yearn financial security to be able to provide food and shelter consistently without worrying if they can afford it tomorrow.
The end-goal for financial security does change thru out time but nonetheless, not worrying about how to cover your expenses is always the main factor.
- In ancient times, achieving financial security may mean owning a piece of workable land to feed your family, help pay your property taxes and take care of the elders.
- In the 1980s with the prevalence of pension, financial security means working at the same company forever to obtain a pension. The pension will provide food and shelter so they can live comfortably at home with their grand kids for the rest of their life.
- In modern day America, staying at home after retirement takes a backseat. Traveling became more affordable. To retire today means to be able to travel more and nothing beats traveling when you’re at a younger, more vibrant age. Obviously the IRS is still stuck in the olden days and have never redefined the retirement age. Only way to win more free time younger is to do it yourself. Hence, achieving FI or financial security younger than the IRS-defined age is the new norm.
FI is nothing new. It’s just a new phrase made to sound like a luxury goal.
Aim for financial security because everyone is entitled to financial security and is capable of achieving it.
Go on to read Part 2.