Why More Money Won’t Lead to Financial Independence - Darius Foroux - Deepstash
How to Start Investing Today

Learn more about moneyandinvestments with this collection

How to manage risk

How to analyze investment opportunities

The importance of long-term planning

How to Start Investing Today

Discover 55 similar ideas in

It takes just

8 mins to read

The need for financial independence

The need for financial independence

When it comes to financial independence, people often talk about increased salary or how much they need for a comfortable retirement. 

It’s good to have goals for your savings, income and retirement fund, but it’s unhelpful when we don’t consider why we’re working towards financial independence in the first place.

8

111 reads

When it comes to financial independence, people often talk about increased salary or how much they need for a comfortable retirement. 

It’s good to have goals for your savings, income and retirement fund, but it’s unhelpful when we don’t consider why we’re working towards financial independence in the first place.

8

89 reads

Financial independence doesn’t need to be Instagrammable

Too many blogs that promote financial independence focus excessively on luxury items. However, it's a serious risk when you get addicted to consumerism. It leads to a cycle of earning more and spending more.

Many people earn millions, spend millions and still feel they're broke. But, whether you're earning millions or the average wage - if your lifestyle exceeds your income, you'll always live paycheck to paycheck. So when you're earning more, avoid spending more. 

8

74 reads

More money doesn’t always mean financial independence

More money doesn’t always mean financial independence

More money doesn't mean you're financially free. Worse, when we earn more, we often have more problems. 

Chasing after money means sacrificing other things, such as your time, friends and energy, so you may barely enjoy life. 

Adopting a long-term mindset to building wealth means you don't have to be in a hurry. You can say no to "opportunities" that pay well but don't give you the life you want.

9

72 reads

Lifestyle is more important than income

Most people want to earn more and achieve financial independence so that they can stop chasing after money forever. 

However, everyone knows that it's better to live below your means. You can always find ways to enjoy life without living from paycheck to paycheck.

10

82 reads

IDEAS CURATED BY

natawashingto

Scientist in audiological

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates