There are as many reasons why individuals seek financial independence as there are individuals trying to achieve it. Maybe you hate your job and want to quit. Perhaps you're tired of the financial stress of not having enough money. Or maybe you just want to spend more time with friends and family. This is the beauty of FI, it is completely personal and totally customizable to your specific situation. There is no right or wrong answer to the question "Why FI?". However, having a clear purpose for achieving FI will provide more meaning to the journey and keep you motivated.
Take out a blank sheet of paper and title it "Why FI?" Then brainstorm as many answers to this question as possible. To help with this exercise, here are a few reasons why people pursue FI.
- Quit a job you dislike
- Spend more time traveling
- To be financially secure
- Spend more time golfing
- Learn how to play a new instrument (piano, guitar, etc)
- Have more time to write a book
- Start your own business
- Stay at home to raise your children
- Have time to enjoy an old hobby
- Freedom to do what you want
- Enjoy hiking more outdoors
- To get out of debt
- Start a vegetable garden
- Volunteer at your child's school
- Start a new career
- Stop living paycheck to paycheck
- Set an example for your young children
- Create a blog
- Have a more flexible work schedule
- Try yoga
- Simplify your life
- Learn a new language
- Go back to school or take classes at a local community college
- Get involved with local politics
- Join the Rotary or other community service club
- Enjoy more time reading
- Never have to work for someone else again
- Take a long road trip
- Relocate to another city or country
- Coach Little League
- Improve your mountain biking skills
- Train to run a marathon
- Etc, etc
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