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Hi, I'm Kevin and I'm an attorney, writer, gig economy expert, side hustler, and the blogger behind Financial Panther. I paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer. I started this blog to share all I know about personal finance, travel hacking, and making more money by side hustling. Click here to learn more about me.
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I’m Not Financially Independent – But I Sure Act Like It Sometimes

Last Updated on May 1, 2021May 1, 2021 9 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

I’m not financially independent – not even close. To support my lifestyle, I have to actively earn income, whether that’s by writing, side hustling, or doing whatever else it is I do for a living.

Here’s the interesting thing though. Even though I’m definitely not financially independent, some people seem to think that I am. It might be because I write about financial independence, which gives people a false sense that I’m already at that point. But it might also be because of what my lifestyle looks like. If you were looking at me from the outside, it doesn’t look like I have many obligations. I seem to do what I want when I want.

That’s not to say I’m lounging around doing nothing. Indeed, now that I have a kid, I’m probably busier than I’ve ever been in my life. It’s a different kind of busy though – busy because of things I need to do, not necessarily because of things that other people are telling me I need to do. There’s something different about it when your life is busy because of your own obligations and not because of the obligations that others are putting on you. 

So maybe people do have a point about what my life looks like. I’m not financially independent, but there are characteristics of my life that make me seem like I’m financially independent. Here are a few things that come to mind.

I Don’t Have Any Real Schedules Outside Of My Family Schedules 

Perhaps the biggest change compared to most people is the way my schedule is set up. Back when I had a regular job, most of my day was built around a clock that someone else created for me. I needed to be at work by 8. I typically couldn’t leave until 5 or 5:30 (or at least not until most people had left so I didn’t look lazy). And during the day, my time was booked with meetings, phone calls, and other things that needed to be done at specific times.

I think we underestimate how much of an impact this has on your psyche. As people, we all value control. I don’t think control necessarily means being able to do whatever you want whenever you want. None of us have complete control over our schedules. But when your entire day is set by what someone else tells you, it wears you down.

Things are very different for me right now. I still follow a clock. But what’s different is that this clock is more set by my family obligations, rather than the whims of an employer. I’m still up early because my kid wakes me up. In the morning, I’m still rushing because I need to get my kid ready for daycare. And then in the evening, I’m rushing out the door to pick up my kid by 5:30 so I don’t get hit with late pickup fees.

There’s something about this that makes my days more palatable, though. Maybe it’s different because it’s my kid that controls my schedule now, rather than my job. When I think about it, I can’t even imagine how I’d handle all of this stuff if I also had to be at work by 8. It’s hard enough having one person control your schedule. I can’t imagine having two competing people controlling my schedule. 

One of the reasons financial independence is so appealing is because it gives you back control of your day. Moving to self-employment seems to give you back some of that control too.

I Can Do Stuff In The Middle Of The Day

When I had a regular 9-5 job, I’d sometimes be sitting at my desk and my brother would call me to chat about something he’d just seen or some idea he’d just thought about. It’d always be the middle of the day and he’d be out skateboarding somewhere or walking around. Meanwhile, I’d be at a desk, looking out the window while a beautiful day passed me by.

This is perhaps one of the biggest changes in my life since I made the move to self-employment. It can be the middle of the day and I can be out and about doing whatever it is I need to do. It’s a freeing feeling to be able to step outside during the day and do what you want without worrying that your boss is going to come to your desk and wonder where you are.

For years, I was never able to do anything for myself in the middle of the day. I imagine that this is the case for most people for the majority of their lives. Remember, I still have to work and earn income to live, so it’s not as if I’m just out goofing off in the middle of the day. But I’m in a position now where I can do that – and that’s an amazing feeling.

When I had a regular day job, I used to sometimes call in sick at work, then head off to a coffee shop so I could work on my blog. I used to look at the people sitting around me on those days and wonder why they were there.

Now I know – they must be there because they’re financially independent and can do things in the middle of the day. Or probably more likely, they don’t have normal jobs, so that’s why they can be there. I wonder if people are looking at me and wondering why I’m walking around in the middle of the day, seemingly not working.

I Don’t Differentiate Friday From Other Days 

One of the more interesting changes to my life is how the weekday (and weekends for that matter) sort of blend together for me. When you have a regular job, undoubtedly, your favorite day is Friday. I know that when I was working in an office, Friday was the day I looked forward to the most. It was a day when I treated myself. And the end of the day always felt so good because it meant the weekend was finally here.

These days, Friday is just another day for me. I no longer have that feeling of euphoria that comes from knowing that this is the end of the workweek. 

I have to assume that anyone reaching financial independence notices this small change – that Friday becomes just another day. It’s a small change that I didn’t expect from trying to work for myself. But it’s an interesting one that really does make my life feel different. 

And a corollary thought – Monday is no longer a day I dread either.

Final Thoughts 

These are a few characteristics of my current lifestyle that make me seem financially independent (even though I’m definitely not). I didn’t really think about these things when I made the move to self-employment. But it’s eye-opening to see the difference that a few years can make in how I approach my life. 

I think the work from home trend is a potential game-changer. When the pandemic hit and people started working from home, a lot of people started to get these same characteristics in life. Schedules became less packed and days opened up. Friday became a less important day. The middle of the day opened up for people to run errands and exercise and do whatever else it was they needed to do. The only question is whether this trend will continue or whether things will go back to the way they were. 

I think we all want to control our lives. It’s why financial independence is so appealing. It’s not really about sitting around doing nothing. We just want to gain back some of the control. 

I don’t control every aspect of my life. I have obligations and things I have to do. But I’ve gained back at least some control. And it has made a big difference.

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financial panther

Kevin is an attorney and the blogger behind Financial Panther, a blog about personal finance, travel hacking, and side hustling using the gig economy. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer.

Kevin is passionate about earning money using the gig economy and you can see all the ways he makes extra income every month in his side hustle reports.

Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:

  • SoFi Money. A really good checking account with absolutely no fees. You'll get a $25 referral bonus if you open a SoFi Money account with a referral link, and an additional $250 if you complete a direct deposit.
  • DCU. Digital Federal Credit Union (DCU) is a free, nationwide credit union that I recommend to readers for two reasons. First, DCU has a $100 referral bonus if you open a free DCU checking account with a referral link. Second, DCU has a savings account that gives you 6.17% interest on your first $1,000.
  • Novo Bank. Novo bank is a free business checking account that’s currently offering a $40 bonus if you open a Novo business checking account using a referral link. It’s the business checking account I currently use for this blog.
  • M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $10 for opening an account.
  • Personal Capital. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps I use to track my financial accounts.

Feel free to send Kevin a message here.

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Reader Interactions

Comments

  1. Average Joe says

    May 1, 2021 at 11:19 am

    great article, panther! if you dont mind, what is your personal FI number? is it safe to say you are in coastFIRE stage now?

    Reply
    • Financial Panther says

      May 3, 2021 at 11:28 am

      Hey, you know, I used to have a FIRE number, but these days, I don’t really have one. I think life is too fluid to really have a FIRE number – for me, I just try to create the life I want now, rather than wait to hit some number.

      I would say I’m in the Coast FIRE stage at this point, as I was fortunate enough to make a good salary early in my career that allowed me to frontload my savings a lot. I think its big when you hit a Coast FIRE point, since it really removes a lot of the pressure.

      Reply
  2. Carrie says

    May 1, 2021 at 11:54 am

    This reminds me of a passage from the Psychology of Money.

    “The most powerful common denominator of happiness was simple. Campbell summed it up as:

    ‘Having a strong sense of controlling one’s life is a more dependable predictor of positive feelings of wellbeing than any of the objective conditions of life we considered.’

    More than your salary. More than the size of your house. More than the prestige of your job. Control over doing what you want, when you want to, is the broadest lifestyle variable that makes people happy.”

    The Psychology of Money

    Reply
    • Financial Panther says

      May 3, 2021 at 11:28 am

      Great quote!

      Reply
  3. Financial Samurai says

    May 1, 2021 at 2:07 pm

    Having daycare or preschool is huge. And being OK with daycare or preschool during a pandemic is also huge. We pulled our son out in March 2020 and haven’t sent them back because we are worried and we also wonder, what if?

    Has to stay at home parents who are considered financially independent, I thought it would be shirking my duties to take care of our kids since we don’t have to work. As a result, that’s what we do full-time. But this fall, our son is going to preschool as a foreign a half year-old. And it should be time as one year before kindergarten sounds like a good idea.

    Has to stay at home parents who are considered financially independent, I thought it would be shirking my duties to take care of our kids since we don’t have to work. As a result, that’s what we do full-time. But this fall, our son is going to preschool as a foreign a half year-old. And it should be time as one year before kindergarten sounds like a good idea..

    Child care really is hard, and having child care really is huge. Let us never take this for granted.

    Sam

    Reply
    • Financial Panther says

      May 3, 2021 at 11:33 am

      Yeah, we are fortunate that we’re in a position where we can outsource some of our child care duties. For us, it came down to wanting to make sure our son still was getting interaction with others. I know others weren’t so comfortable with that and I had a few friends that pulled their kids out of daycare.

      He goes three days a week right now, so two of the days I’m watching my son and then three days he’s at daycare. Once he hits the toddler level, we’ll send him 5 days a week, but it’ll be school day hours (8:30 to 3:30).

      Reply
  4. Accidentally Retired says

    May 1, 2021 at 4:51 pm

    Right on. Financial Independence isn’t necessarily about the money, it is more about the lifestyle and you ARE living the lifestyle. I am in the same boat, my kids dictate my schedule, but that is 100% fine. No more 6am investor calls, or last minute trips to NYC. No thank you!

    Reply
    • Financial Panther says

      May 3, 2021 at 11:29 am

      Exactly. Replace the 6am calls with 6am wake-up time. But for some reason that feels different to me.

      Reply
  5. David @ Filled With Money says

    May 3, 2021 at 7:19 pm

    Whoa, I thought that you were completely financially independent. Either ways, it’s still about having control over your time instead of having others control your time.

    I wonder what it feels like to not dread Mondays… Then again I don’t want to know what it feels like to not really care that much about Fridays either, haha!

    Good post. Parenting will be one of the most rewarding things you’ll ever do.

    Reply

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