“We say WHAT we do, we sometimes say HOW we do it, but we rarely say WHY we do WHAT we do.”
– Simon Sinek
Imagine your life if you didn’t have to work a job for money.
Feels amazing, right?!
What would your life be like? What would this allow you to do? Who would you become?
Many, many people dream about this. Who wouldn’t? A life with financial freedom can mean a lot of different things for different people. But the key aspect in this line of thought is to understand why you want this.
Otherwise, you run the risk of getting controlled by the thought of money – endlessly wanting more and more. When asked how much money was enough, one of the richest men ever to live, John D. Rockefeller, said, “just a little more.”
It’s a trap! This line of thought is you being controlled by the money and forgetting the Why.
That’s why I am here to help you understand your WHY!
Identify Your “Why”
Let’s get it straight.
It’s not money you want, it’s the freedom having money gives you. Freedom over your time, freedom to work or not to work, freedom to travel, freedom to pursue your purpose.
Whatever it is, your purpose is the Why with a capital “W” behind obtaining money.
An amazing book on this topic is Start with Why by Simon Sinek.
One of the major takeaways from the book is getting the Why first. Once you understand why you want to do something, the other things will fall into place.
You might be thinking, it’s not that easy. Maybe you are a little correct. Only you can find out what your Why is.
It can take a lot of work. You have to reflect.
Do you want financial freedom to travel the world? Do you want to have a stable income to be a good parent to your children? Do you want to have enough money to give back to your community?
These are all great!
I have a friend, for example, that wanted to have enough money to be a stay-at-home-mom. She got into passive investing because her Why with the capital “W” was to be able to afford to drive her child to school every day.
Now that’s a great Why in my opinion!
I discovered my why when I turned 40. Hold the applause, I know… I look great.
I realized that life is too short NOT to live out my purpose
What is my Why for financial freedom?
Financial freedom allows me to live out my purpose. It allows me to be a good father and raise my daughter well. It allows me to cherish my love for God. It gives me the ability to help others to live out their purpose.
That’s why I do what I do. And lucky for you, this blog is part of that!
Many people fall into the trap of chasing an unfulfilling goal. They strive to become something, but when they attain the goal and don’t feel any different, and then they bottom out. Without a purpose to the goal, they feel empty achieving it– leading to things like depression, drugs, etc.
But by having a purpose behind your actions, knowing your Why, can help you prevent that!
Keep Your “Why” In Front of You
Now here comes the trick.
Once you find your Why, you have to put it right in front of you. I know it sounds a little cheezy, but trust me.
I go to a goals event each year where I create my new goals for the year. Your goals can be whatever you want. Just make sure they are actionable!
By knowing your Why and knowing your goals, you will be able to see what you need to do each step of the way to achieve them.
Share your goal sheet if you have to. Make sure people you are close with know what you are striving for. They will help keep you accountable. Or at least… the fear of disappointing them will motivate you.
Now, I literally keep my Why in front of me.
I have a sheet of paper that has a bunch of images printed on it. Each one represents one of my big goals, my Why. One of my pictures is of New Zealand because one of my Whys for investing is to be able to travel there.
I put this paper in a place where I see it every day. It is a constant reminder of what I want, and it kicks me in the right direction to achieve it.
For example, if you’re looking to retire on passive income to spend more time with your family, take a picture of your family and photoshop it with where you’d like to go together.
Every time you see that picture, it will remind you what is most important.
Remember: the why is more important than the what.
If you want to become financially free, you have to keep your eye on the prize so you don’t forget WHY you are investing in the first place.
Doing all this work now will allow you to better focus on what is important to you. Knowing why you are chasing a goal acts as a filter for your decisions. You ask yourself if your decision will lead you to your Why. If it does, you go for it.
Decisions are clearer when you know your Why!
So, if your Why is to be able to retire and be with your family, then the next step could be learning more about passive investments. Thankfully, I have you covered on that one!
If you are interested in learning more, we have a special report about investing. It compares the stock market to real estate, and it also includes how the pandemic affects your investment future.
If you are interested in investing with us, we are happy to answer any questions that you may have. Join our investment club today and we will be in touch!