The pursuit of economic freedom may seem like a distant dream for many young individuals struggling to make ends meet with their monthly salaries barely covering living expenses. However, the concept of "economic freedom" is one that everyone dreams of, envisioning a life free from financial worries.
In their late twenties, the author also faced the pressing concern of financial security, questioning whether hard work alone could ensure a comfortable life. At 29 years old, reality struck hard, realizing that the traditional concept of working until retirement at 45 was not a guarantee for a stable future. Witnessing others trapped in a repetitive cycle of work and financial stress, the author was determined to prepare for a dignified future filled with joy and self-fulfillment.
Realizing that financial stability was a fundamental requirement for a better life and pursuing dreams, the author began contemplating ways to achieve economic freedom. However, it became evident that relying solely on a monthly salary would not lead to wealth. Even if they earned 2.5 million won per month and saved for 30 years until retirement, it still wouldn't guarantee a worry-free life.
Driven by a desire for a life filled with festivals and devoid of financial worries, the author decided to build an "economic freedom system" early in life. They aimed to create a structure that would automatically generate wealth, allowing them to pursue their passions and dreams without financial constraints. This system was designed not to make them a "rich" person but a "time-rich" individual, someone who could dedicate their time to doing what they truly loved, believing that this was true economic freedom.
The author, in future articles, plans to share their journey of studying money and real estate principles, which led them to establish a passive rental income-based system through a real estate interior design business. They hope to provide advice and guidance to other young adults looking to start investing and preparing for financial independence.
The article encourages readers to believe that the path to economic freedom is accessible to all and urges them to take small steps with courage. It reassures readers that they don't need a substantial starting capital or prior investment experience to begin their journey. The first step is to study and understand money matters and set achievable financial goals. The article concludes by inspiring readers to start their financial education today and define realistic goals that they won't abandon halfway. The author applauds their readers' willingness to embark on this journey and promises to discuss how to begin the process of accumulating wealth in the next article.
Check Points
1. Set a goal of building an "economic freedom system" in your 20s to live life on your terms.
2. This system should create an automatic wealth-generating structure for financial independence.
3. Start by determining how much fixed income you need each month to achieve the life you dream of.