Financial freedom and passive income is very overrated…

A while back, I wrote an article entitled “Beyond Passive Income“, an attack on the modern obsession with being financially free on the basis that I believe that we should do what we love now rather than postponing doing what we love and upon my belief that when we do what we love and love what we do, in that moment we become truly free.

In a few popular wealth creation seminars (eg Tony Robbins’ Wealth Mastery), you will identify a few different levels on the path to financial freedom. This proceeds through financial security and financial independence and other levels that talk about having increasing freedom on the basis that you can take six-months off from working or a year or have your basic expenses covered through your investments or whatever.

To me, if you’re doing what you love to do, you are free and if you are not doing what you love to do, you are not.

What’s worse is that when people who strive for financial freedom finally get there will often look around and wonder “and now what?”

I’d prefer to live a life of purpose and peace… one in which I am doing what I am best at rather than just trying to get enough ‘stuff’ to satisfy my insecurities.

And maybe, just maybe, if we can cultivate purpose-driven living, we might help free people from the bonds of impressing others and trying to overcome insecurities that we hold to like an addiction, and instead we can let go of those fears and embrace what we can do best.

Anyway, it’s an old article but here it is

4 comments on “Financial freedom and passive income is very overrated…

  1. I found this post and your previous article fascinating and very refreshing. I am surrounded by people striving to live the “American Dream” and they are really unhappy. They work themselves to death to the detriment of their family and health so they can afford more “stuff”. I have never understood the belief system that says “work your ass off until you’re 55-60, then rest on your laurels until you die”. Oh yeah, they call it “retirement”. Retirement from what? Life?

    I am all for what you propose…living life NOW…finding what you love and loving what you do. Happiness really is a choice and so few people make it and live in it. I don’t want to live my life pursuing the mighty dollar…that’s why I became a missionary. LOL

    Cheers to you Daniel…here’s to living life on purpose!!!

  2. Hey Raymond: I’m confused. My message is that we should do what we love now rather than working hard so that we have “enough money to do what we love”.

    People like Kiyosaki have made it fashionable to strive for “financial freedom” through sources of passive income. And to me that doesn’t work. Instead, let us find ‘freedom’ by doing what we love today.

    For example, a friend is a headhunter but really wants to exercise. He just doesn’t know how to make money from riding his bike and running around… so I suggested that he do running and riding tours of his city like are currently being offered overseas. Follow your bliss 🙂

  3. Thank you for this article. I found it when testing to see if my article “Does Passive Income Really Create Freedom?” on would appear in a Google search.

    To many, passive income is a dream to get something for nothing. They want to offer money to others, rather than their gifts, and get paid while offering no value. The natural state of man would like to be slothful and still receive reward, however, that life can never sustain itself. I would guarantee that their money would eventually disappear after delegating their stewardship to someone else. Even Robert Kiyosaki works harder now on his mission than he did when he was still in the “rat race.” If someone wants lasting happiness, purpose, and financial freedom, it can only be found by living their life’s mission. Your combination of gifts, passions, values, and roles uniquely applied in a way that no one else in the world can is what we refer to as “soul purpose.” (See By discovering and utilizing one’s soul purpose, we can create wealth more safely and efficiently than by any other means.

    Daniel, thank you again for letting your voice be heard!

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