Reflecting on financial independence

Getting Back to the “Why” of Financial Independence

Over the past few months, I’ve felt a serious lack of motivation with respect to personal finances. Lifestyle inflation has made it difficult to pay down debt, and saving money has seemed like a near-impossible task; even picking up a pen to write about my experiences has filled me with this overwhelming sense of dread.

But, as I listened to a podcast about procrastination, I had an a-ha moment:

“When we forget WHY a project is important we start to lose our energy about that project. We don’t see the point of it, the purpose, the importance of this project to our business or lives… and the wind goes out of our sails… and the work doesn’t get done.”

Chase Reeves, The Fizzle Show

“Wow, this is so me!” I exclaimed to myself.

And, as I began to remember the reasons why I started blogging in the first place, I realized that most of them had to do with insecurities about money. I was still navigating the trauma of watching my father pass away in poverty, and I felt insecure about my skills and abilities in my new job. And, God forbid, if I were to suddenly lose my job, I knew I didn’t have the resources to support myself.

In other words, I was scared… and, above all, I didn’t want to feel that way anymore.

Now that I’ve gained more confidence in my career and passed a few financial milestones, I’ve become more comfortable in my position but the circumstances still remain: financially, I am still unequipped to handle a major setback and, professionally, I’m still in that precarious position of trading dollars for time.

But, rather than relying on pain to fuel my drive, I’m beginning to understand that it’s time to shift gears and create the dream. In other words,

Why am I even doing all of this ?

And so, I sat down, pulled out a pen, and finally crafted my mission statement.

My Mission:
To love myself, learn new ideas, grow spiritually, create epic things, and teach others how to do the same.

So yes, financial independence will help me feel more secure, but – more importantly – it will allow me to do more of the things that I love, the things that make me me. And, as much emphasis as we in the personal finance community place on money, it’s still important to remember that money is simply a tool to live your life with more freedom.

And, now that I have my mission statement, I don’t need to compare myself to others or worry about how far (or little) I’ve progressed in my journey. Making decisions can now become a little easier (if it doesn’t fit my mission, I don’t need to do it), and – more importantly – decisions now have purpose.

And that, dearest friends, is one of the greatest gifts that I can give myself: a life full of purpose.

Next, I’d like to explore how to keep this fire of motivation and purpose burning, but in the meantime, tell me:

What’s your mission statement?


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4 comments on “Getting Back to the “Why” of Financial Independence

  1. I don’t have a mission statement but if I did it might be something like “Life is short, it doesn’t need to be difficult, I want to enjoy time with my family, travel – and show others there’s no great secret to life. Cut the crap and learn to see the value all around you.. That’s the secret.” How’s that for being all over the place.

    Katasha I know some people blog about their numbers to stay accountable but I often wonder if analyzing and reporting about it frequently leads to disappointment. You know we’re not in debt, so I recognize I look at things differently. But if the total trajectory of your life is shifting to more positive and favorable outcomes, as a whole, you are so way ahead of the game.

    • Hi Mrs. Groovy!!
      That’s actually a fantastic mission statement, and – although we’ve never met in person – it feels so YOU, haha! (I especially love the “cut the crap” part 🙂 )

      I think the disappointment has a lot to do with me and the insecurities I’ve carried for so long. My boyfriend and I talked it over, and we both agree that it might be a good idea to use my health benefit to see a counselor.

      I’m fine, of course – but I’ve picked up a few habits with respect to negative self-talk (and the perpetual need to cut myself down), so it might be useful for me to work with a counselor to pick up some new and more positive habits.

      I think though, without tracking my finances I wouldn’t be as successful in paying off my debt as I am now. So, I’ll continue to run the numbers, but figure out how to stop judging/comparing myself.

      And of course, I’ll also keep reading my mission statement 🙂

      WHEW, that was nearly an essay! Thanks for stopping by to visit Mrs. Groovy <3

      • Seeing a therapist can be a great move. Professional, objective advice is always good. We talk to financial counsellors don’t we? You hit the nail on the head about reporting your numbers, but not judging yourself. Debt pay down isn’t always linear and neither is wealth building. I just get concerned when you don’t post that you might be secluding yourself. I don’t know you too well either but it seems to me you’re an extrovert. So it’s scary when you’re very quiet.
        P.S. I love hearing about your adventures and Mr Groovy and I plan to live vicariously through your experience at FinCon since we’re not attending.

  2. That’s a great statement! I don’t really have one myself – have been putting some thought into what my blog’s direction would be and I’m not quite there yet. I’m fascinated by money and relationships and the emotional side of PF, and I’m all about honesty and authenticity.

    I do find that sometimes I need to step back from PF and get some balance/distance because I’m quite obsessive and sometimes it can really get me down. Sometimes things just are what they are, it takes time to progress and constantly reading/thinking about money is a bummer.

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