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Each post in July, has been talking about the American Dream.  I wanted to end the month with a thought provoking, short post from Seth Godin. He discusses the cost of independence.

As an investor coach, I see how our money demons can have a habit of derailing us. Because with wealth comes responsibility and freedom to make choices. Whether it is being charitable, influencing groups, affecting the lives of family, your employees, and society around you. You can choose to embrace the responsibility of wealth, and create positive change. Or you can choose to place your head in the sand.

The more money and wealth that you create comes with responsibility. And the fear of responsibility can derail you from achieving your goals and purpose.

It’s a money demon that can pop up.

That’s a reason why Seth Godin’s short post on the cost of independence is thought provoking;

And this is what he says:


The cost of independence

Freedom comes with choice and choice comes with responsibility.

Why do people willingly give up their freedom to a boss, a method or even a despot?

Why prefer a restaurant with a limited menu, or stock your freezer with one brand of instant dinner?

Why do successful entrepreneurs who start a new company take on investors even when they don’t need the cash?

Why do so many choose to go into debt when they might be able to avoid it?

Sometimes, we willingly sacrifice our freedom because it creates an other, someone to blame. It gives us hard boundaries and eliminates potential choices. And mostly, it lets us off the hook, because someone else is driving the bus.

Trying to drive from the back of the bus might feel less risky, but it rarely leads to much agency, influence or control as to where the bus actually goes.

Careful what you do with the keys.


Interested in learning more about my investor education and coaching? Visit smartplaninvesting.com

Previous posts on the American dream:

Did you know? 1776 the iconic movie and the birth of the American dream.

Purpose for money – Episode 105 Is the American dream dead?

Purpose for money – Episode 104 Money & Happiness

 

Robroy Wiley

Robroy Wiley, Investor Coach SmartPlan Financial.com

Robroy, Investor Coach also known as, ‘Defeater of Money Demons’ in some social circles, knows that success is achieved not by default but by design.

That money should be seen as a tool to help us achieve our goals and dreams. That old expression, ” Money can’t buy happiness” rings true even today. Robroy’s own family legacy has had to reset how they think about money and wealth.
A family, whose history of money and wealth dates back to the Gilded Age. Where past generations squandered and nurtured the wealth legacy that had been entrusted to them. Robroy was exposed to the good and bad sides of wealth.

He is the Founder of StoryWill. StoryWill which celebrates life, purpose, and legacy allows for a person to share their story.
Please feel free to email robroy@smartplaninvesting.com

Robroy Wiley – who has written posts on Financial Communicator.


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