Comfort + Independence = Financial Freedom by Kim Kiyosaki

Comfort + Independence = Financial Freedom

Find out what your current financial situation may mean for your future

When it comes to finances, would you describe yourself as comfortable or uncomfortable? Now, as it still relates to finances, would you describe yourself as dependent or independent?

First, let’s look at the definitions of each:

  • Comfortable. When your financial life is working. When you can sleep through the night without worrying about bills to pay.
  • Uncomfortable. When you are stressed out, a lot, about your money situation. You lose sleep over it. You fight with your partner about it. You are not where you want to be.
  • Dependent. When someone is providing for you financially. This may be your husband or partner, your parents, the government through social and medical programs, or the company you work for. Here’s the litmus test: If this person or organization disappeared, would find yourself in a financial struggle?
  • Independent. You are in total control of your financial life. It doesn’t matter, financially (emotionally is a whole other thing), if your partner, family, government programs, or your job or business disappeared, because you would be financially fine.

Now, think about those two opening questions again. Has your answer changed or remained the same?

Warning: Comfort Can Be Fleeting

As we all know, comfort can change without even a moment’s notice. Problems, changes and unforeseen incidents can happen without warning. So even though you and I may be comfortable today, it could all change tomorrow.

That’s why it’s important to ask yourself, “Am I prepared and looking forward in case one of these events happens?” If you’re being honest with yourself, the answer may very well be no.

If you’ve never read The Cashflow Quadrant, written by my husband, Robert, then here’s a brief synopsis: The CASHFLOW® Quadrant defines how different people generate their income or money. On the left side, the E (Employee) and S (Self-employed or Specialist) focus on earning income and greatly value a safe, secure job or career. On the right side, the B (Business owner) and I (Investor) focus on creating assets to provide their income source using other people's time and money. Above all, they value financial freedom. The whole concept is about moving from the left-side to the right-side, in order to achieve your financial dreams.

The same “quadrant” concept can be applied to the comfort and independence conversation (although they get trickier to organize into left and right sides). In talking with women all over the world, there seems to be four categories that we fall into when it comes to money:

  1. Comfortable and Dependent
  2. Comfortable and Independent
  3. Uncomfortable and Dependent
  4. Uncomfortable and Independent

Obviously, the quadrant for me is Comfortable and Independent, but I know that may differ for each woman. That being said, I know many women who are Comfortable and Dependent who don’t want to be in that situation any longer — however, they don’t do anything to change their position on the quadrant.

So why don’t women act? Because they are COMFORTABLE. Maybe they subscribe to the theory of “Don’t fix what ain’t broke.” It takes a self-aware woman, and one with a bit of ambition, to go from being comfortable to wanting more.

I Made the Shift and You Can Too

Until I realized how dependent I was on Robert, even though we were financially equal partners in the business, I was Comfortable and I didn’t think I needed to change anything. You see, The Rich Dad Company was built around Robert’s story — as we planned — yet if for some reason we were to go our separate ways, the value of the company was much, much smaller without Robert. So I really was dependent upon Robert at that point for my financial well-being. Upon making that realization, I became very UNCOMFORTABLE, and that’s when I really took action.

I think there are a lot of women today who are Comfortable and Dependent and who don’t realize they are a one small step away from being very UNCOMFORTABLE if their husband leaves or loses his job.

Which Quadrant Are You In?

Are you Comfortable and Dependent or Comfortable and Not Dependent? Are you Uncomfortable and Dependent or Uncomfortable and Not Dependent? Once you identify where you stand, ask yourself, “Which quadrant do I want to be in?”

If your answer is anything other than the quadrant you are currently in, then it’s time to start taking action. Start with these three tips for moving past the fear!

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