Steps to Financial Freedom
66Dream, Believe, Reach it!
Financial Freedom Online
I'm sorry about the title. It just amuse me there are many books and articles written about financial freedom - and some are telling 4 steps to financial freedom, some say 5, and in one published book, it says 9. I say 1 million steps!
Why? Because chasing financial freedom is almost impossible - unless you are already filthy rich, or you have a steady and stable passive income stream. Financial freedom describes a well-planned
lifestyle where one is no longer required to work for income to cover
for their expenses. How great is this? You can now do everything you ever wanted - without minding spending.
Contrary to popular belief, it does not require being free of debt, as a debt payment is just another expense. Typically, “Financial Freedom” can be attained in one of two ways (or a combination of the two):
- Enough passive investment income to cover one’s expenses.
- A large enough “nest egg” that can be liquidated over time to cover one’s expenses.
To achieve financial freedom, one of these are typically popular routes:
- Property or Real Estate Investment
- Internet Marketing
- Trading
- Owning a Business System
Books on Financial Frredom
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Trade Your Way to Financial Freedom
Price: $15.00
List Price: $34.95 |
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The 9 Steps to Financial Freedom: Practical and Spiritual Steps So You Can Stop Worrying
Price: $4.00
List Price: $14.95 |
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Flight to Financial Freedom-Fasten Your Finances
Price: $19.45
List Price: $19.95 |
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Safe Strategies for Financial Freedom
Price: $8.25
List Price: $26.95 |
Ways to Financial Freedom
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New Ways to Financial Freedom
Okay, that’s enough for a primer, this post is only about chasing it - how to be financially free. I’m not in the position to speak about it - but here’s my straightforward idea of it -
- start by being frugal - spend only for the essential things.
- save up a fixed percentage of all your cash inflows, say 10% or 20% of your income every time.
- invest in a small risk lucrative business venture - or if you can’t you can simply put your money in a bank or join a cooperative.
- do extra side jobs - like tutorials, internet publishing, real estate
- invest in vending machine businesses. Yes, you only have to refill them like once a week, and gather the money. It's more like of a low maintenance way of income.
- Enroll in adsense and post articles to hubpages, infobarrel, blogspot, squidoo..! - you can't believe doing this can make you financially free? Try posting 1 million hubs or articles on a variety of topics. CourtneyTuttle, wanna dare?Hah!
- Ask for alms. I think beggars are kinda financially free. They are carefree - they don't ave bills to pay. Although they only have little and depends only from other's pity, they don't pay for mortgage, or debts!
- Be an online marketer. Go with the flow and look out what products are the best sellers online. Then join the fad. With the average 20% commission on sales, sky is the limit! Your earnings will be directly proportional to the sales you made! It will give you some guilt though - talking trash and most times using trickery just to get sales.
- Go to a casino or play any game of chance like lotto. I am not encouraging you to do this, but hope you win.
- Extend a helping hand to others - good karma is real!
Whew! I said 1 million steps, right? Ok, Just reapeat this steps 100,000 times through your lifetime, and I am almost certain you will be financially free by then. (because you are dead already!) Aw, just kidding! Hehe
Good luck to all of us to our quest to financial freedom!
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