It has only been a few years that I have been so passionate about personal finance and becoming independently wealthy. I never had the drive or motivation in my teenage years to start my own business. I now feel like I focus too much on new ideas, budgeting, and where to invest my money. Balancing greed with fiscal responsibility has proven to be harder than I thought it would be.
I think it is healthy for all of us to evaluate our motivations. Why do I want to start my own business? Is it because the income potential is limitless, or is it because I really like the idea of being creative and having a flexible schedule. I can honestly say that it is the non-monetary aspect of it that motivates me. I told my wife the other day that I want to have the feeling of knowing that I can go and visit my best friends in another state whenever I feel like it. I don’t want to have to think about how many paid time off days I have left at work. I hate knowing that if I show up to work 5 minutes late that someone is whispering behind my back and questioning my work ethic. I hate the fact that I have to report to someone first if I have a new idea about how to do something. I understand that entrepreneurship is not for everyone, but I truly believe it is for me.
Another one of my motivations is the act of giving. My heart is always in the right place when I am in a place to give and give generously. It is hard to give generously when you are on a fixed income with a ton of bills. Giving is like medicine to the soul. Put yourself in a position where you WANT to give and I believe you’ll live a longer, happier life.