Time is the most valuable commodity we have. We spend our time working in order to have a roof over our heads, pay the bills, put food on the table, send our children to school, and maybe take that week-long vacation – if there is any more money left by that point. We also like to think that if we work hard and sacrifice most of our time now, we will, one day, be able to live comfortably off of our savings and probably even travel the world at some point.
But the sad reality is that, even if we were able to achieve that financial freedom by retirement (which many, unfortunately, don’t), we would only have several more years to enjoy it before handing in the towel, as it were. So, how can we avoid this pitfall in which so many people fall in? Well, the obvious answer would be to achieve this financial freedom now and not wait until you are well in your sixties to get there – a sort of having your cake and eating it too-type scenario.
What is Financial Freedom?
Financial freedom is more of a state of mind than anything else. No ship can ever hope to reach its destination without a captain at the helm. And like that captain, you must first envision the sort of life you want to lead before you can get there. Financial freedom implies that you will not have to worry if an unexpected expense, like a medical bill, were to suddenly arise.
Financial freedom also allows you the opportunity to choose what field you would like to work in, and not compromise your health and happiness just for the sake of making ends meet. It also gives you the flexibility to choose when and where you would want to live and work from, what car to drive, and how to spend your time with friends and loved ones.
How to Get There
All of that might sound like nothing more than wishful thinking or a pipe dream that people hang on to without ever actually realizing it. But achieving those goals is much easier than most people realize. We are taught from a very young age that, if we work hard, we will be able to achieve our dreams. And while this was true not that long ago, in today’s world, working smart is equally, if not more important than just rolling up those sleeves.
A wise money management system and a debt consolidation plan are important steps you need to take so as to ensure a sturdy foundation on which to build your life on. But an equally smart thing to do is to invest the money you earn so that it ends up working for you. This way you not only save time that you would otherwise have spent months or even years working, but you also place yourself of the path to financial freedom.
Trading is one popular way of doing just that. Learning how to wisely invest your money and trade effectively will put you on the fast track to making your dreams become a reality. What’s more, trading will allow you to make your own schedule, be your own boss, and work from any corner of the world.
Traveling and Trading Do Mix
Since trading doesn’t require you to be at the office every day from nine to five, you can do this from anywhere, as long as that place has a stable internet connection. This is a scenario most people only dream about – being able to see and experience the world, while at the same time keep seeing the money rolling in.
One scenario most people like is to move to a place and live there for one to two years at the time. This way they can immerse themselves in the local culture, probably even learn the language, and when things begin to feel too much like home, they move to a different country or location.
Others, on the other hand, prefer the quick in-and-out approach. Whenever they feel like it, they take a week-long trip somewhere, after which they come back home. In both cases, people like to trade, even if they’re on the road – it is, after all, their livelihood and what made it possible in the first place.
The Traveler’s Trading Station
Traveling inevitably implies mobility, and while many traders are comfortable with their home setup, it might not actually be suited for taking long or frequent trips. Gaming laptops are a great choice here as they provide both portability and the processing power needed for trade software. A non-hybrid, solid state drive with 256 GB, or more, is ideal. The laptop should also have at least 8 GB of RAM, as well as a top of the line processor to match.
Trading also requires running multiple screens at once and the laptop’s own display is not enough. Luckily, however, there are lightweight, low price USB monitors out there that can help you here. Since they do not need their own power source, these monitors are ideal for the Traveler’s Trading Station. Two of these monitors should be enough, but if your laptop has too few USB ports, consider purchasing a USB hub.
Investing in a decent headset will also go a long way when trading and traveling. It’s one thing to do your work in the familiar surroundings of your own home, and totally another when you’re on the road. The different sounds, smells, views, and time zones can all throw you off your game and distract you at every turn. A comfortable pair of headphones can isolate you from your new surroundings and help you focus. You don’t want to be standing in front of the computer all day, after all – you’re traveling.
You don’t need to wait until you’re old to experience what the world has to offer. Trading will allow you to reach that financial freedom everyone is after, all the while granting you the possibility of seeing the world while you do it. Just remember to calibrate and test your Traveler’s Trading Station at home before you leave, because nobody likes to start their day with something not working properly.