Taking Steps Towards Financial Freedom

June 9th, 2009

Those of us who watch the news fall into a few categories. There are those who believe everything they hear and see on the news as absolute truth, there are those who don’t care one way or another, and there are those who question everything they see or hear. I’m not passing judgements about anyone’s beliefs. You can believe what you want but please allow me to share some of my beliefs.

Lately I have become restless. The reason I’m restless is because there are many things I want to do and there never seems to be enough time to do them all or enough resources. Allow me to elaborate a bit more.

I believe that there has been a lie force-fed to the masses that we need to conserve energy. Everyone has bought into it. Even I did because I went out and bought those mercury-laden toxic mini-fluorescent light bulbs. I’ve since removed most of them and I turn off lights instead or use LED lights. For now…

The truth of the matter is: we do not need to conserve energy, we need to produce our own.

Think about that. Really think about how we’ve allowed the energy or utility companies, to not only hold us ransom by price-gouging us to death, but here in Ontario, for example, I even pay a percentage of Ontario Hydro’s debt! It’s right there on the bill! When that finally sank in, it made me very angry.

Why am I paying for Ontario Hydro’s debt, and how can they add those charges to my bill every 2 months? And the simple answer is: because they can. Because not enough people produce their own energy to threaten their business. They have a monoply. So they have power over you and they feed you this scarcity crap, because a percentage of what they produce is being sold to other countries – to the highest bidder, at our expense.

So how does this relate to taking steps towards financial freedom?

Well, think about how much you pay annually for hydro and natural gas. Add it up and multiply by the years you are likely to live in your house.

Here’s an example:

Person A buys a house at age 25, and lives in it until age 85. That is 60 years living in the house and paying hydro and natural gas utilities.

An average hydro bill in Ontario is roughly $150 every 2 months so $150 x 6=$900.00

An average natural gas bill on equalized billing is roughly $100 per month (or more) depending on whether the household has a natural gas stove, bbq, hot water heater. Usually there is one month in the summer when the bill is really low because of adjustments, so let’s calculate it at a modest $100 per month x 11 months=$1100.00 per year natural gas costs.

Person A spends $900 (hydro) + $1100 (natural gas)=$2000 per year!
And $2000 x 60 years=$120,000 lifetime hydro and natural gas costs!

By using the above example of the costs you incur by paying hydro and gas utilites, if you invested $30,000 in your house to take it off grid and you live in your house for 60 years, you will have saved $90,000!

I don’t know about you, but I could do a lot with that money- take vacations, build a back-yard oasis – name it, you could do it.

It may seem expensive initially to take your house-off grid, but actually there are ways to do it on the cheap. Like everything else there is always the do-it-yourself method. There are materials and info products out there that teach you how to build your own windmills, how to start going off-grid one solar panel at a time, how to produce your own ethanol. The information is there, and the opportunites are there and what a difference that would make to the environment if we all reduced our dependence on fossil fuels and produced our own electricity!

I firmly believe producing your own electricity and cutting down your dependence on fossil fuels is a giant step towards financial freedom.Personally, I can’t wait to live in a house that’s off the grid and does not need natural gas. I don’t need a palace to live in, but I do want financial freedom and independence, and the peace of mind knowing that I won’t ever have to worry about power-outages or energy costs.

As always, I welcome your comments and opinions even if they differ from mine.

Have a great day!

3 Responses to “Taking Steps Towards Financial Freedom”

  1. pat nichol Says:

    Wow! Good thoughts Karen, Wonder how many people like me never thought of this before. Off the grid, one solar panel at a time. It is certainly making me think and I hope hundreds of others as well.

  2. Karen Says:

    Hi Pat, Thanks for coming back and your comment. I really hope more people do realize that producing their own energy is a viable step towards financial freedom.

  3. Billiard Supplies Says:

    Great article I 100% agree with the idea that we ALL need to pitch in and PRODUCE our own energy. I’m not sure about solar yet, but wind seems to be moving very quickly into the mainstream market. Just go on youtube and look at all the do it yourself wind turbines you can build for a hundred bucks! I personally think the vertical and/or helix style is what will be going on our rooftops in the near future. Again great article!!

    Z