Post
Topic
Board Economics
Re: "I saw my salary on a bottle of perfume today"
by
virasog
on 12/11/2023, 14:36:51 UTC
[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.]

In order to have financial freedom, one needs to invest in something that could give him a huge return after some years. This can be investment in bitcoin, Gold, Stock, Real Estate or anything else of good value but the question still remains where do we get that extra money to invest in them?

As per your example, the perfumes were so expensive that a certain person wouldn't be able to afford them. So how can such a person who lives hand to mouth, will be able to invest in bitcoin or gold in order to have financial freedom? He can't unless he does not have ways to earn more money.

So, it is only that rich people can invest more and hence they will get better financial freedom. A normal person first may not have the capital to invest and even if he saves some money for investments, the return on small investment may not be that high that it can give financial freedom to him.