Achieving Financial Freedom January 27, 2011Posted by nikmj in General.
Achieving financial freedom is nothing but a dream for most people. Let’s face it; most people will never be able to get to the point in their life where they will be free from having to work for money to stay alive. It’s not that most people don’t have the capabilities to achieve the goal; it’s just that most people don’t know how. This article will be about why you should make financial freedom one of your goals and how you can go about doing it.
If you think about it, most people spend the majority of their adult life trading their time for money. This is something that is needed because you need money to live. You need money in order to provide you and your family a roof to sleep under, food to eat, and clothes to wear. Beyond that, you need money for things like entertainment, travel, and charity. Although money is not the most important thing, it’s pretty high up on the list, probably right under air.
If you agree that life is short, then you should understand that spending the majority of it working to make money because you have no other choice isn’t such a great plan. The problem is that most people don’t know of any other way. Don’t you have to work? Doesn’t everyone work? Unless you’re born into a rich family or win the lottery, you have to work to make money. However, trading time for money is a guaranteed way for you to have to work for the rest of your life.
Working isn’t a bad thing, don’t get me wrong. We all have to work. The difference between people who achieve financial freedom and most of the other people is that the first group gets to do what they enjoy. They work because they want to and not because they have to. Many people love what they do but often times, what they love to do doesn’t pay all that well. This can cause you to have a lot of financial stress.
So how do you go about finding some achieve financial freedom ideas? Well, it’s not so much what you do. There are lots of ways to be financially free. The key is getting the right type of income. That income is passive income. Instead of trading your time for money your whole life, you can set up businesses or systems that will generate money for you even while you sleep.
Sound impossible? If it does, I don’t blame you. We were never taught this type of income in school at any depth. If you have a savings account however, you already make some money in your sleep. All you have to do now is to figure out how to make more passive income, enough to cover all of your expenses and you will achieve financial freedom. Once you don’t have to work for money, life will be your playground. You will be able to truly live life the way you really want to live.
Think about how great life would be if you never had to worry about having enough money? You don’t have to be a millionaire or anything. All you need to do is make enough passive or residual income on a monthly basis to cover all of your bills. Achieving financial freedom can be done with as little as $3,000 a month in passive income. The amount really depends on your expenses. The more expenses you have, the more passive income you need. Either way, you can have financial freedom without having to be rich. What you will have is time, and that my friends is the most valuable thing of all.