In the last weeks I have been struck by several conversations with people that wanted to implement some change in their lives but had only limited action capability due to the fact that they had to keep an income roughly equivalent, could not afford even a month without salary or were desperate to maintain a high level of living. All this because they did not have any savings.
More and more, I consider that one condition for freedom is to have savings available. I have always been careful to save, and strive to have at least a year’s income readily available.
What kind of freedom does this bring me? Without jeopardizing my family’s quality of life, I can say no to an offer or a client, decide to start something new that would not provide me with the needed revenue level, invest in time or education, explore new ventures.
With just a little more savings I can invest in interesting start-ups, be part of some collective adventures bringing my competencies and knowledge at the service of entrepreneurs.
To be free, start by saving a substantial part of your income. Your mindset will change when you will have this mattress to protect you and when you’ll be able to consider more significant change in your lives.
