3 steps to money mastery: Would you rather have freedom or stuff? | Vicki Robin HD

Read more at BigThink.com: Follow Big Think here: YouTube: http://goo.gl/CPTsV5 Facebook: https://www.facebook.com/BigThinkdotcom Twitter: https://twitter.com/bigthink So let’s take a look at financial independence and what that really means. It means, you know, if you haven’t thought about it at all you just think “Oh, that’s for rich people” or “I could never do that.” And so first of all I’d like to distinguish between independence and freedom. So financial freedom is like freeing your mind. Financial freedom is understanding that I’m me and there’s an economy out there, and I have a relationship with it but it doesn’t run my life. It’s freeing my mind from the messages of the consumer culture, the messages of the economy. The message is that, you know, a house is a “starter house.” No, that’s MY HOUSE! I could die in my house, you know. It’s like there’s so many presumptions that drive us into wage slavery, debt, and it doesn’t matter whether you are at the low end or at the high end. If you are engaged in that sort of ancient process of “more, more, more” you are not free. So the first layer of financial independence I talk about is this freedom of the mind, this freeing your mind, of saying like “I’m sovereign, the economy is secondary. I will move my sovereign self into the economy for my own purposes.” Rather than “I’m a schlump and the economy is my mega boss and, I don’t know – my boss seems to be as big as the sky and so I will just let my life be run by my boss and the tax system. I’m just going to let myself be run by this thing.” No, so you’re a sovereign being! So that’s your first layer of financial independence is your own sovereignty. And then the second layer is to get out of debt. And for some people debt feels endless. And the first step to getting out of debt is stop going into debt. Really. It’s like – and so there are many organizations. There’s Debtors Anonymous. There’s many ways that people can help them with this addiction to constantly spending and spending beyond their means. However you do that you just stop increasing your debt and start whittling your way through it. And with the approach in Your Money or Your Life I mean there’s many people who have written to us who flatten their debt in a couple of years—impossible debt, debt that was going to be endless. They would die with this debt. And once they see what the debt is doing to them in terms of the actual opportunities, the future opportunities of their lives, once they see that, once they have a taste for, a yen for the kind of sovereignty, authenticity, autonomy, freedom, whatever you want to call it, you know, mastery over your own time, ability to write your novel or take your sailing cruise or play with your grandkids—Whatever it is that you want more than you want stuff that’s what we’re trying – that’s the sort of link that we try to get people to make, so that something in the future is more important than the immediate pleasure of buy