I’m not one of the wealthiest members of this community. So, why am I writing an article for financial month?
Because what we (my husband Pat and I) have been able to achieve is FINANCIAL FREEDOM. We have the freedom to do what we want, when we want, where we want, and how we want. I don’t have to work if I don’t want to work. I love what I do and choose to work 20 weeks of the year. Pat works 4 days a week and has a long weekend every weekend.
We have a wonderful life, free from financial stress. We are debt free. We have a good retirement fund, separate substantial “wealth investments” providing passive income, and other savings equivalent to many years worth of living expenses at our current lifestyle.
You don’t have to be a multi-millionaire to be able to do this. Neither does it mean living so frugally that you never do anything. We still travel overseas regularly and haven’t done without anything.
So how did we achieve this on average incomes while also raising our children?
When I was in my 20’s, a wise friend recommended reading a simple book called “The Richest Man in Babylon” by George Samuel Clason. It is a simple story with many tried-and-tested easy lessons for accumulating wealth.
Here are the lessons we learnt from the book. More…