What Is Financial Freedom?
The term ‘financial freedom’ gets thrown around a lot. I always assumed that financial freedom was just having ‘enough’ money. I had no idea how much ‘enough’ was, when I could live comfortably maybe? But then what is ‘living comfortably’?
I have come to realise that there is so much more to financial freedom.
To genuinely attain freedom over your financial life you must be able to:
. Transact without permission.
. Transact privately.
. Store your value reliably.
No amount of money will free you if you must always rely on the permission of another to use it. You may feel as though you do not need permission, but every tap of your card is a request. Banks freeze accounts and block transactions, using every excuse under the sun before admitting that it simply isn’t your money. Merely being suspected of any wrongdoing is good enough justification for the government to cut you off. You are guilty until proven innocent.
This is not freedom.
Likewise, every transaction you make can be seen and stored. Humans will always alter their behaviour when they know someone could be watching. This may not bother us too much now, but in a world where governments are growing more powerful and controlling, the ability to transact privately becomes a necessity. One's transaction history quickly becomes a useful tool to a government trying to determine who their enemies are. Many people, knowing that they lack privacy will conform rather than oppose, not out of choice or agreement, but out of fear.
This is not freedom.
What you work for, they can print. No matter how hard you work, what you earn today will be worth less tomorrow. This is not normal. You are being forced onto a metaphorical treadmill to keep up with your costs, and it’s only speeding up. The ability to reliably store your savings for the future without having to gamble on stocks or master global macro-economic trends is essential for your financial freedom. In other words, it is imperative that you are free from the theft of inflation. Most of us are forced to watch as our savings have their value siphoned off to fund wars and God knows what else.
This is not freedom.
Bitcoin unveils the true meaning of financial freedom.
Self-custody guarantees that no government or bank can shut you out, you become innocent until proven guilty by default. Every transaction becomes final, no more requests. Admittedly, Bitcoin is not perfectly private, but it is a great improvement from fiat, and with the right tools you are free to act outside the gaze of any prying eyes. Your purchasing power, too, finally becomes yours, it is no longer subject to the theft of inflation, and you are no longer used as a tool for funding violence and corruption.
Bitcoin is financial freedom.