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By restricting your choices along one dimension, you can create more freedom along a dimension that’s more important to you.
Recently I wrote about my journey #510278 to Bitcoin and financial freedom, I upheld that I could only employ a big chunk of my earned money because there was no one to spend it. Now I realise that it wasn't that there wasn't anyone, but it was mine and my faimily's restrictions for our choices.
We could have spend that big amount on any luxuries, but we restrained and in the process I realised that the money I was saving was capable of making more money.
It wasn't that we planned these restrictions. No, but they were so naturally inherent in me that I never found pleasure in luxurious things in my early days.
The result is that now we have almost all the necessities covered, we have achieved most of the luxuries and we are upscaling. We spend a lot more than the average of our neighbourhood, yet our money is growing. Because it's not limited now, our investments are earning more than what we can spend now.
So, restrictions of choices untill you've accumulated wealth that can generate more wealth is a necessary build up to financial freedom and sovereignty.
At last a word of praise for @CarlBMenger you always intrigue everyone, this article is an amazing read.
Thanks for your detailed response. Indeed, don’t buy luxuries with your hard earned money. Invest that money in appreciating assets and, if you want, buy luxuries with the appreciation and/or accumulated interest. A true game changer for independence and freedom.
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