Quote from: Mauser on Today at 07:04:48 AM

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

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 financial freedom doesn't mean to have a fixed amount of money so that I never have to work in my life. Because that kind of money is way too much and not realistic to achieve in my current situation. Financial freedom rather means to have a comfortable life today and not to worry too much about the economic future. For that it's all about having an investment portfolio that generates enough returns in the future to take money out. My first goal is still to have a decent job that pays for all my living expenses and my second goal is to have large enough savings and investing to cover any extras I might want and need in life. This doesn't include luxury perfume or clothes, I don't find that lifestyle attractive and would never spend so much money on these things. Even if I would win the lottery tomorrow I would change my spending habits so much.

Besides the only thing those luxury items do is to delay or even eliminate the possibility of an early retirement for most people, as the number of people which can earn enough money to afford those luxuries is very limited, while the rest that buy those products are trying to experiment a lifestyle for which they do not really have the funds to truly experiment, however at the end of the day each person decides what to do with their money, even if from our perspective they are making a mistake.