Where is your
financial freedom plan?
Do you have a financial freedom plan? The purpose of having one is to acquire more assets than liabilities. The assets are there to cover your living expenses.
Assets are simply defined as things that make you money. Liabilities are defined as things that cost money. A huge misconception in this country is that your house is an asset.
The current housing market proves that your house isn't an asset. The housing market is losing people money. That is why your house is a liability.
The bottom line is you must unlearn what you know about money. You need to know how to make your money work for you.
Having a financial freedom plan is supposed to make the journey as quick and seamless as possible. You should already know going in that everything won't go according to plan.
The path to financial freedom seems difficult to most. So they make up all kind of excuses to stay off that road. They don't want to sacrifice going to the movies, or eating out, or whatever.
One of the best things to do is save money. Most of the things you spend your money on now are frivolous. You can always cut costs somewhere and turn around and invest the money you save.
LISTEN, if you don't have the discipline to stay home most of the time, you will miss the train.
Follow Through On Your Financial Freedom Plan
Leveraging your time and money will get you to the ultimate goal. All rich people have that in common. They have people do the work of the business for them or they have money invested to make them more money.
Starting a business that will allow you to
leverage
is the smartest way to attain financial freedom. That is what
Robert Kiyosaki
recommends. Starting a business is the best way to increase your
financial IQ.
Yes, you will make mistakes, but mistakes are what will make you better. They teach you what not to do the next time. Just remember that just because you make a mistake, doesn't mean you should quit.
Having a plan is just the beginning though. Everything looks great until the first hurdle arrives.
On paper it looks a lot easier to attain, until reality kicks in. Now, who wouldn't want to achieve financial freedom and do whatever you want, when you want, how you want?
The problem most of the time is that people give up too easily. Planning is one thing but carrying out the plan is something totally different.
In order for you to really enjoy your financial freedom, you must enjoy the journey getting there. So please enjoy YOUR journey!
Remember, good things come to those that wait. The wealthy didn't get wealthy overnight. It took having a financial freedom plan, and carrying out that plan, no matter what.
The question is how important is it to you to be free? Free from everything that weighs you down now. Free to do anything that you want because you have more assets than liabilities.
The most important part to having a financial freedom plan is to put it in action. You should know the
financial freedom basics.
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