People defines financial freedom differently and this is because of the dissimilarities in exposure and financial background. A Nigerian's definition of financial freedom may be different from a person from another country, while anyone in the world who is into 9 to 5 might have a different definition from someone who is into crypto, this is because irrespective of the fact that the difference in the economic background of people change help coin their definition of financial freedom.
We must also understand that crypto as a revolutionary, has rewired the mindset of many people making them spend, or think rather differently. A lot of people don't know their monetary lifestyle and spending culture including their source of income can be predominantly present in their definition of financial freedom. While financial freedom is a state, not many people might envisage or see it as a possibility and this is because of the present state which they might have found themselves.
Beliefs Based On Class & Background
For example, everyone who is into Crypto, didn't know about it at one point in time, now knowing about crypto means having an in depth knowledge of how the technology works in order to maximize one's investment. Now, people who have been into crypto for a long time used to feel that their lives solely changes financially. But this isn't true. Now some people have failed with crypto, some others employed the right methodology and the right mindset, and now it's been worth it.
For people who have lost and later recovered all their loses and made even more gains. They've not just gotten monetary rewards for their endeavors, they've gotten essential lessons about another life-changing opportunity in crypto. This rewires their mentality, the spend differently, they save differently and also invest differently. So the way people do these three things often gives off information about what their expectations towards financial freedom would be like.
Mindset: Richness In Exposure
To me, financial freedom is a mindset. It's that stage in life where one's richness in exposure assures them of the position they'll get to in 5 to 10 years time and not necessarily the money they have in their bank account. For people who lack the right exposure, they used to feel that financial freedom is having an unlimited amount of money and spending it gradually through their lifetime. When I was younger, my father usually equated financial freedom to the possibility of what he might own in changing the condition he was.
He felt that owning some particular valuable commodity in terms of monetary valuation would change his life forever, but this is untrue. Financial freedom is not tied, neither is it static. The needs, wants and desires of people are overly changing with time, so typing a specific amount of money irrespective of time isn't the right way to see financial freedom. However, when people start having money irrespective of whatever venture they're likely to change in their economic beliefs and behaviors.
With Crypto, the level of change is astronomical. How and why is this? People who are into crypto mostly look at the value of their assets in comparison to how it might grow with time. While people who aren't considering how much they'll save to get to a position where they might have to never be poor again. The wiser ones tie this to assets they own and how it might appreciate with time. My point is, everyone predicts what financial freedom would feel like as none, have a complete permutative decisiveness
.A lot of people look at the present economy, their income and savings hence propel a huge amount of money which they feel is likely to put them off work and holidaying on the Bahamas on a daily for the rest of their lives. This mentality in itself is static and sterile. This is why my all round definition of financial freedom is knowledge gotten through exposure. A lot of people don't know that exposure increases the likelihood of knowledge. The right knowledge on the other hand creates prospects which in turn creates a mental stability.
Crypto: The Game Changer
With the right kind of knowledge, making money becomes a milestone, reaching a certain level of achievement, retracting one's efforts but making even more money. Nevertheless, the kind of venture that heralds this kind of financial freedom is owning a company, Real estate, politics (In some places) and crypto. Now what's the percentage of people in the world who owns companies or own Real estate venture? However, the next option becomes crypto. In reality, Crypto is massively underrated.
This is because, it creates a different form of experience, that comes with years of stacking diverse knowledge of how the technology works. While the gains might not be life changing in some other places of the world, Nigeria being one of the biggest owners of Crypto is an evidence to how life-changing crypto can be. In essence crypto sometimes helps people coin a healthy definition to what financial freedom should be like. This might not feel explanatory on the surface until you make comparisons of what your definition of financial freedom is, before and after you got to know about it (crypto).
Interested in some more of my works?
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Why You Couldn't Create Good Contents In 2021, Why You Still Wouldn't In 2022.
A Psychoanalytic Dive Into Incentivized Loyalty
The Nigerian/African Disposition On Marriage As An Endowment
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