5 Perks of Being Financially Independent

Shafayat Hossain
3 min readFeb 3, 2020


Living in Bangladesh, I’ve never really been taught why I should take over my responsibilities when I am an adult. Quite contrarily, my teachers assume they should call my parents if I miss classes, my mother thinks she needs to cook all my food and my father always gives me life advice he was supposed to give me ten years ago.

And it’s a disastrous loop. I know many adults my age, who are yet to understand their rights and responsibilities as an adult. The result? A burdened economy and valueless graduation. But, you don’t necessarily have to live in this loop. What all your guardians never tell you that you can be financially independent should you choose to be? But, why bother, right? Well… let’s see if these 5 perks can change your mind!

1. You don’t answer to anyone

Personal finance is key to achieving freedom. I started tuition in 11th grade and quickly realized how I can finally do all the things I never dreamt before. I started going to my favorite restaurants, bought jerseys, and paid school fees. I even went on a solo tour at the age of 17 and lived in a luxurious hotel, ALONE!

And you know what the best part was? I didn’t need to answer anyone. I didn’t have to take the approval of my parents every step of the way, and in the end, I was able to achieve their confidence in me too.

2. It Boosts Your Self Esteem

When you start earning by yourself from a young age, you start to believe that you can make it through the tunnel. And it’s an important feeling to nurture from a very young age. Having a financial backbone enables you to try different experiences or learn different things. And you find yourself in a different loop. You realize you have a better understanding of the world than most people and you’re not frustrated with life anymore!

3. You Can Finally Start Saving for The PlayStation

Let’s face it, we all end up with improbable wishes at various stages of my life. Things that your father won’t allow. When I was five years old, I wanted to buy all the ring chips I could and eat ’em all day. Now, I want a PlayStation to play Fifa!

Now, even if someone sponsors you in buying the PlayStation (or whatever it is you want to buy), trust me in one thing, if you save up and buy on your own, it will make you a hundred times happier!

4. You Understand The value of Saving

Bangladesh is a land of financial illiteracy. I know people majoring in finance who are unwilling to invest. The irony, right? Earning from an early age helps you realize the value of money. You start to save for something. You slowly become goal-oriented in life.

5. You Can Boast in Social Media

Well, it’s the best of ’em all. When you are financially independent but most of your friends aren’t, you suddenly become a role model for all of them. The nicest girl in the class takes notice of you (trust me, she does) and you hear your parents proudly stating how you live on your own. Next thing you know, you open an account in Medium and let everyone know the perks of being financially independent in a country where adulthood in 18 is a scam!

An animated man standing with cash in hand

Don’t have any clue how to become financially independent in the Bangladeshi market? Mail me at rdshafayat@gmail.com and we can start a conversation.



Shafayat Hossain

Founded a few businesses, hired a few people, and learned a few things worth sharing.