Benefits of Financial Freedom

What does it mean to actually be financially free? If we make it a goal, what are we really working toward?

Rather than looking at financial freedom as an abstract concept, it can be very useful to visualize exactly how it could impact your life.

I’ve never really talked about the benefits, or how being financially free can impact your day-to-day life. So, here are some ways it can do just that.

The 5 Benefits of Financial Freedom

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One of the most basic human needs is the feeling of security. It dictates how we act and the decisions we make every day. Without that feeling, we tend to regress into survival mode, leaving no time to accomplish what we truly want.

1) More Security / Less Stress

Financial freedom gives you the choice to work how and when you want.  Some may want to continue to practice medicine for the love and passion of it. Others would retire immediately and pursue other interests.

2) Control Over Your Time

I continue to practice medicine because it continues to be a passion for me. Still, I’ve chosen to do so at a lesser capacity, in order to spend time with family and pursue other interests.

3) Choose to Pursue Other Passions

Now that you can choose to work how and when you want to work, you can choose to do things more in line with your values.

4) Your Actions Can be More Aligned With Your Values

No longer do you have to practice medicine in a way that has an element of being driven by profits for yourself or for the system you work for.  For some, that might mean taking care of those who most need it but may not be able to afford it. Some might do medical missions.

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