Quote from: Biznesmen on November 09, 2023, 11:07:59 PM

Quote from: tjtonmoy on November 07, 2023, 07:46:18 PM

Yeah, you heard me right. Today I was scrolling through some Instagram Reels and I saw a video of a person saying this. I'm still confused. Should I laugh or should I feel sorry for that person? So here's how the whole video goes. The man said and I quote" I saw my salary on a bottle of perfume today. So you are saying that someone out there smells like my salary."
It's kind of funny but also sad at the same time. Where have we come today? There are people trying to live a normal life with what little amount they earn. And there are people using the same amount of money just to smell good.

I bring up this to talk about financial freedom. What is financial freedom to you? Is it about having a certain amount of money that is required to have financial freedom or to have an amount of money which can potentially give you freedom in the future?

To me, I will choose the second one. If I am happy with what I have and I am certain that it will continue to help me in the future too, then I have successfully achieved financial freedom. But most people these days are caught up with the thought of using luxurious thing and being able to continuously use it is financial freedom to them.

Do you agree or disagree to this? Let me know your thoughts.

[Just for context, I am not talking about holding money. I am talking about investments that could give me passive income that will continue to come in the future and give me financial freedom. As long as I can survive with that amount of money and not worry about the future, then it is financial freedom to me.]

There's nothing wrong with buying luxury items, even if your salary is not that impressive. You can't say people who have huge investments and high incomes are the only ones who can buy luxury things, and it's not for low-income or low-investment people. Low-salary people who save their money and spend it all on buying their dream luxury watch, phone, or car—I can't see anything wrong with that. And I don't believe saving or investing money is the only way to have a great life because money is for spending too. Very rich people use local products, not branded ones. This behavior is their humbleness and down-to-earth category, but the poor buy luxury; it's their show-off and greedy behavior. Don't you see the irony here?

IMO money spent on luxurious should be used to acquire treasures/assets and building evolutional technologies. I rather spend money leaving a sand of time, so that my name can be heard even after i am gone. Some persons will say rich and wealthy but there is no limit to the amount of money that can be made and if one feels like he has made enough money then he can invest in building a life time foundation.

For instance Bill gate, Elon Musk and Mack are good persona example. They are all billionaires but they dont stop at what they do.