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Financial Freedom Is “The New And Improved” Retirement

August 6, 2015

Time is a wonderful thing  (and Canadian summers are far too short)!  We all must make the most of them so here’s an article from late last year.

As  you read it, give some thought to what financial freedom means to you and what you can do NOW to get there. Whatever your age, it might be the inspiration you need to jump start a new savings plan, reduce your debt or invest more wisely?!


Re-posted from November 2014…

I’ve always hated the word RETIREMENT.The-gift-of-time

For me, this term comes with unpleasant images of failing health, unwanted naps and uninspiring leisure activities without purpose. Ouch! Maybe I’m too sensitive? Maybe it’s because my father lived only a year of his retirement “dream” before his sudden death. And for him, retirement was something he had longed for for quite some time. A hard-earned reward for being a productive and valuable employee for 45 years.

When I voluntarily left my corporate job several years ago, I didn’t know what to call myself. I tried the word “retired” but I would get strange and curious looks from people. “What do you do all day? You look too young to be retired” many would say. While I suppose the latter was meant as a compliment, it still made me feel uncomfortable. Less valuable to society. Idle and no longer needed. I must work on my mindset!

But here’s the thing; I was happy…VERY happy! I left my job because I had a choice (financially speaking). My job was no longer giving me the satisfaction and fulfillment that I desired. I couldn’t imagine 5, 10 or even 1 more year of the same stuff. Achieving financial freedom (or close to it) opened up a whole new and exciting chapter of my life. I couldn’t wait to get started!

While I no longer needed to search for paid employment (although a little income is always nice), I knew I wanted to do something meaningful. Does paid employment mean greater value for society? The reality was that I wanted and needed time to figure out what meaningful meant to me. Little did I realize that the opportunity to help people, strengthen relationships, give back or volunteer would give me greater satisfaction than a higher salary!

From my own experience, the gift of time is a wonderful thing. That’s what you get when you achieve financial freedom. Money no longer becomes a big factor in your decisions. The world is full of endless possibilities…so many things to see, do, learn, explore and enjoy. Some need money, but not all do.

Financial freedom is a worthwhile goal at any age. I admire the many people today that are doing what it takes to make it happen. Especially the thirty and forty somethings that want it sooner not later. Maybe one day, it will become fashionable to build wealth rather than spend it?

I think my husband (who is also happily “retired” and proud of it) said it best…

Retirement (aka financial freedom) is about doing more of what you love and less of what you don’t.

I couldn’t agree more.

Thanks to Jon Chevreau and his new Financial Independence Hub (worth a visit!) for the inspiration for today’s post.


Proud founder of this blog Let’s Talk About Money, Patricia Gass, CPA, CA, provides personal finance coaching and education to improve your money skills. Follow her on linkedin, twitter or pinterest

  1. I feel like in our busy-obsessed society, the term retirement has almost gotten a bad rap. Just like you say, I have heard people ask what my retired parents actually do all day. To me this is mind-boggling. There is so much more to life than your career. I actually sometimes get the same response with being a stay-at-home mom. But I agree that time is the best gift!

  2. Starting my financial freedom is exactly what I am working toward now. Before I get off my parents payroll I am learning as much as I possibly can to set myself up for financial independent success. At what age did you become finically independent and how long did it take you to get off your parents payroll after college?

    • Great question! After college, I was fortunate to find a good job/career but chose to live at home for over 2 years to save money. My parents were on board with this decision but they still charged me “rent”. Once I moved out, I became completely financially independent. I grew up with very thrifty parents so this behaviour was either in the genes or learned from a young age.

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