I mentioned the Butterfly Limit in class in passing. I created this to explain a status. Here are the details.
I created this a few years back and I have written a chapter in my book on Butterfly Limit (BL).
BL is a status that affords you the freedom of your own hours and domain of work and thus, control over your time. It’s the hallmark of autonomy and flexibility we all long for. What are the essentials for BL? To achieve BL you need a blend of domain expertise, accountability, discipline, goal-setting, resilience, proactive relationship-building, and above all, self-discipline. See how you measure in the following criteria!
1. Self-Discipline: Manage your time and stay productive independently.
2. Goal Setting: Define clear professional goals and areas of focus.
3. Resilience: Be open to changes.
4. Expertise: Build strong knowledge in your domain.
5. Relationship-Building: Build trust and support for your autonomy.
Personal finance (PF) plays an essential role in achieving BL as financial stability is key to attaining the freedom and autonomy this status offers. Here’s how: PF allows you to build a strong financial foundation, reducing dependency on rigid job structures. Savings, investments, and an emergency fund give you the flexibility to prioritize fulfilling work over fixed hours or traditional roles. With sound PF, you’re better equipped to handle income fluctuations that might come with flexible or self-directed roles. A well-managed budget and diversified investments provide a buffer, allowing you to embrace autonomy confidently. The goal of PF is to achieve a steady flow of passive income. Check out my views on it!
