You are here: Home / Financial Freedom

5 Steps To Achieve Financial Freedom

March 2, 2011 By admin Leave a Comment

Article by Jeremiah Carstarphen







There are a lot of people teaching others how to achieve financial freedom, but how many people are actually

financially free? The path to achieve financial freedom is different for everyone so what works for one person

might not work for you. Here are 5 steps to achieve financial freedom by developing your own personal

financial freedom game plan.

5 Steps To Achieve Financial Freedom

1. Decide what you want- This is the starting point of financial freedom. When deciding what you want, you

might find out that you really do not want to do what it takes to be financially free.

Talking about financial freedom and actually becoming financially free are two different things. You may find

that material things and immediate satisfaction is more important to you than the sacrifice and the delayed

gratfication that it takes to achieve financial freedom.

So ask yourself what you really want. If you decide that you really want to be financially free and that you are

willing to sacrifice whatever it takes to achieve financial freedom, then proceed to step two.

2. Analyze your strengths and weaknesses/ likes and dislikes. Your path to achieve financial freedom will be

much easier if you are working within an area that is easy for you, or that you actually enjoy. You must be very

specific and true to yourself.

For example, you might know someone who became financially free by flipping fixer-upper rental properties. If

you know that you hate painting, doing repairs, and things of that nature then fixer-upper properties might not

be the best path to financial freedom for you.

3. Look at different options that can help you get to where you want to be by utilizing your strengths and

weakenesses, and then develop a personal financial freedom game plan. Once you analyze your strengths and

weakness, you need to choose a vehicle that can actually help you to become financially free.

In order to achieve financial freedom you must buy or invest in assets. An asset puts money into your pocket.

There are three types of assets: businesses, real estate, and paper assets (which include stocks, bonds,

mutual funds, etc…).

It will more than likely take a combination of assets for you to become financially free. There are a variety of

different options in each asset class so chose the assets that fit your strengths and weaknesses.

For example you might find when dealing with real estate, that investing in apartment complexes may fit your

strengths and weaknesses better than single family homes. Similarly, you may find that one type of business is

better for you than another.

Choose a combination of of assets that fit your personality.

4. Break down your plan into yearly, monthly, weekly, and daily steps: Decide on the date that you want to

achieve financial freedom and set goals of what you need to accomplish by certain dates in order to make your

goal of financial freedom a reality.

For example, you might need to make a particular amount of income from a certain type of business in order to

buy a certain type of investment property by a specific date. Make sure the date that you set is in line with the

consistent daily actions that you are willing to take.

5. Write out your plan and put it where you can look at it every day. Then take action on your daily tasks every

day.

Developing a personal financial freedom plan this way keeps you focused because you will not easily be

distracted by everyone who has a “better way to become financially free. You will already know that the plan

that you have created for yourself is designed to fit your personal strengths and weaknesses. Therefore,

what another person says is better will not necessarily be better for you.

Much Success,



About the Author

Jeremiah Carstarphen
The Cartoon Coach
Get Better, Do Better, Be Better
Get Your Free eCourse at:
http://www.thecartooncoach.com/

This is a core principle I learned 8 years ago. I hope it helps you too.
Video Rating: 4 / 5

Filed Under: Financial Freedom Tagged With: , , ,

Acheving Financial Freedom

March 2, 2011 By admin 1 Comment

Article by Renar Green







Financial freedom is one of the powerful goals that galvanized the heart and soul of many people. Financial freedom is what you get when your money is working for you, as opposed to you working for your money. Financial Freedom is firstly about reaching the point where your assets provide your desired lifestyle without the necessity for you to continue working, and secondly meeting your objectives for your estate. Financial freedom is the definition for being free and not worrying about where to get your money for daily survival. Financial freedom is having your money work for you, not you working for the money. But financial freedom is achievable – most people just need a little bit of guidance along the way. You see, Financial Freedom is your choice; it’s not an elusive dream others get to have. Although the road to financial freedom is not a short trip and it may have a few bumps along the way, reaching the finish line is more than worth the trials of the journey

Freedom is a powerful tool to help you fulfill your dream of home ownership and save money for your future. I am now creating the life I want and am on my way to financial freedom. Feel your way to the things you want, feel your way to success, and feel your way to financial freedom: all that you want is downstream. By learning first to feel good and to allow wonderful things to flow into your life, you will achieve all the success you want including financial freedom. The Astonishing Power of Emotions – Let Your Feelings Be Your Guide My wish for you is that not only will you find financial freedom; you will also find all that you desire in health, relationships and life experiences for life truly is supposed to be joyous. Financial freedom is not dictated by the size of your paycheck yet by the control you have over your finances. Financial Freedom is truly a course about Freedom.

Even if you do not have the funds to start your dream business right now there are ways that you can make money from your home. With the economy being as it is today, many are searching for a stay at home mom’s business opportunity.

Anyone can win but you must understand success comes from you and what you have learned so you need to learn the basics and learn skills.

Having financial freedom is a process that takes time, and it begins the moment you are making residual income. Making residual income from home in order to obtain online financial freedom is an ongoing process. While debt is a constant financial consideration, a person who has acquired financial freedom is allowed to mark debt as a part of his expenses rather than a weight to his financial goals. Therefore financial freedom is a concept attuned to your lifestyle and the amount of money you have to cover it. The quest for financial freedom is a lifelong decision, done on a day to day basis and reflective in everything we do, financial or otherwise.



About the Author

I am an internet entrepreneur. I am on target to a six figure incomne in 2009.

The problem with Americans is that they “live to have more time and money instead of having more time and money to live.” Automate your financial life, spend wisely, give generously and invest in your future in order to attain financial freedom. financialsecrets101.com

Filed Under: Financial Freedom Tagged With: , ,

So, What is Financial Freedom?

March 2, 2011 By admin Leave a Comment

Article by Doug Carroll







If asked, everyone would undoubtedly say that they would like financial freedom. Yet what is financial freedom. The dictionary defines freedom as: 1. not under the control or power of another, 2. not burdened by obligations, debts or discomforts, 3. clear of obstruction, and 4, independence.

In order to fully understand the word freedom we need to break the word down into ‘free’ and ‘dome’. For anyone to be truly free we must live under the dome of being free. So what is this dome? It is the laws, or rules, of being free. Rules and laws govern all areas of our life. Can you imagine driving on a busy freeway if there were no rules? The same is true with every area of our life: our physical life, our spiritual life, our mental health, and our financial life. For example, if we want great health we must live within the laws/rules of great health. We will have to eat properly, exercise, and generally practice a healthy lifestyle. The same is true of our financial life. If we are to become financially free we are required to live within the laws/rules of good financial practices, ie: save, spend wisely, invest etc. All people want to be free but not all are willing to live under the dome, or laws required to be, or remain, free.

With these definitions of freedom it is easy for each of us to create our own definition of financial freedom.

I define financial freedom as: the peace of mind of being debt free and having sufficient financial recourses and assets to live the lifestyle of my choice.

My desired lifestyle is one which requires money, specifically cash, perhaps a lot of money. I expect that your desired lifestyle will also require money. Therefore, to be truly free financially one will want to have a stream of passive income, even multiple streams, which exceed our expenses.

More important than how I define financial freedom is how do you define your financial freedom? Everyone will have different wants and needs so it is important for you to take time and consider what would make you truly free financially. You need to determine the type of lifestyle you desire and what it will require of you to achieve that lifestyle.

There will likely be some common elements for all of us in defining financial freedom. Peace of mind will ultimately determine if we have achieved that freedom but for most of us it will also include being free of most, or all, consumer debt, having quality investments which provide passive income, assets which bring comfort and pleasure to life, and discretionary cash consistent with our desired lifestyle.

Another broad definition of financial freedom is to no longer have to work for a living where you are trading time for money. Rich Dad, Poor Dad author Robert Kiyosake refers to this as getting out of the rat race. Freedom for many is to escape the stress of a job, undesirable working conditions, the commute, and unreasonable employers and employees. Many people simply want the freedom to spend more time with their family, and have the financial resources to enjoy the time spent with their family

Freedom, financial and other, is all about control! If you refer back to the definition given earlier freedom is to be free of the control or power of another, free of burdens, obligations, and debts which control us.

In order to achieve financial freedom we must take control of our life rather than allow life to control us. Either you will control life or life or life will control you! Once we are able to take control of our lives we can then control our financial life. Either you will control money or money will control you! To control money you must manage it!

The difference between rich people and poor people is not intelligence, we all know some very intelligent broke, poor people. One of the major differences is that rich people manage money well and poor people mismanage money well.

One thing everyone can do to begin down the road to financial freedom is to follow the advice of T. Harv Eker, author of Secrets of the Millionaire Mind, and that is to establish a separate Financial Freedom account. “Put 10 percent of every dollar you receive into this fund. This money is only to be used for investments and buying or creating passive income streams”. This is the start of putting money to work for you so that you don’t have to work for money. This is also one of the habits which rich people follow consistently. Rich people know that opportunities are plentiful if you have the cash resources to take advantage of those opportunities. Therefore, they are very diligent in funding, and protecting, their “financial freedom” account.

As with all things of worth, financial freedom comes with a price. T. Harv Eker eloquently states it this way, “Either you are a person who will be stopped, or you are a person who won’t be stopped. You choose. If you want to create wealth or any other kind of success, you have to be a warrior…. Getting rich is not always convenient. Getting rich is not always easy. In fact, getting rich can be pretty damn hard. But so what? If you are willing to do only what’s easy, life will be hard. But if you are willing to do what’s hard, life will be easy.”

While achieving financial freedom may require a lot of hard work it is a simple process if you are committed to your goals, make good strategic decisions, and manage wisely.

As with all areas of our life Financial Freedom is a choice. Chose well.



About the Author

Doug Carroll
Toll Free: (888) 745-7050
America’s Corporate Headquarters

www.wellnessom.com A great introduction by Robert Kiyosaki about how important is to build and develop sales skills. Scape of the rat race now! Robert Kiyosaki the famous Richdad author reveal the secrets of the rich….
Video Rating: 4 / 5

Related Financial Freedom Articles

Filed Under: Financial Freedom Tagged With: ,