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What Does 'Financially Free' Mean to You?
I attended a seminar put on by T. Harv Eker, called 'The Millionaire Mind Intensive' and it was just that, Intensive! I heard the best definition about what it really means to be 'Financially Free'
T. Harv, who by the way, went from 0 to a millionaire in 2.5 years, said it like this.
'To be 'Financially Free' you need to be able to live the lifestyle you desire, without having to rely on anyone else (welfare, unemployment, hand outs or charity'
But the key is that the income must be passive. What ever business system you set up, it must be able to run without you. That's why the Internet and the technology is so appealing to most, because you can have a system run on autopilot for the most part, and bring in passive income every month.
To be financially free means that there is enough, or more then enough, passive money coming in every month, then what is going out (being paid).
If you add up your out going payments every month and they total $3000, and that amount allows you to live the life style you desire, then that's all you need to be 'Financially Free'
Being 'Financially Free' also allows you to have the time freedom that is lacking for the vast majority of peoples lives around the world today. If you ask most that have achieved 'Financial Freedom' they may tell you that the time freedom, that comes with, is just as important as the money.
Think about your own situation right now...how much would need? Once you have a dollar amount to get you to your desired life style, work back and map out what you have to do every, hour, day, week, month and year. Find money making systems - work smarter, not harder -
What you have to realize is that you can start to build your 'Financial Freedom,' day by day, week by week and so on, even if you have a regular 9-5 job right now.
What if you only worked on your 'Financial Freedom' for 1 hour per night, 5 days a week, and it took you 2 years to succeed...would that be worth it?
2 years is not a long time, and will go by regardless of what you do or don't do! So you can take action starting today...or not.
It won't happen over night - unless you win the lottery - so be patient and consistent and keep building those passive money making machines.
Please leave a comment and let me know what your definition of being 'Financially Free' is.
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