Achieving Financial Freedom: Unlocking the Critical Mindset

Many people have worked very hard throughout their lives, yet they have never been able to achieve their goals of achieving financial freedom. Many people I know even sacrifice their personal or family time to win back that little bit of success or extra money, but they still have not reached the goal. Why? The answer is that perhaps they have worked too hard! What? Isn’t that what our parents and teachers have always taught us from day one, that is, to work hard for a living and get rich? This is where the problem lies … the keyword “work hard” and how our thinking is often prepared as such.

First of all, let’s correctly define what “financial freedom” really means. Since there could be many definitions, I decide to take it from the most commonly accepted medium, Wikipedia. Here’s how Wikipedia defines it: “Financial freedom describes a well-planned lifestyle in which one is no longer required to work to earn income to cover expenses.“. Be in a state of financial freedom does not mean that a person is necessary to get out of debt! What does it mean that one no longer has to work for money simply because money is working for one and is consistently more than enough to cover expenses, including debt. Ultimately, one can live the desired lifestyle without having to worry about money!

Some may say: “How to earn money without working? It is not possible!” In fact, it involves a major change in mindset. First you have to start removing the bad word called “work” and replace it with “system“For example, franchises, network marketing … these are all systems. The system is also often associated with Automation. The idea is to free yourself by doing more value added things instead of constantly demanding that you get personally involved in all the major or minor matters.

With “Systems”, you must understand the word “To take advantage of“A person, by virtue of their own ability, has limited resources, so it is important that they know how to LEVER. For example, network marketing is one of the best forms of leverage due to the fact that you can take advantage of all the your downlines to support your business (and yourself, of course) and make money for you too when they do. Although the amount of cash flow can often be small initially, the amount of cash flow increases over time due to the compound effect. Imagine you have 5 downlines in your network marketing organization and the same 5 people get another 5 people each below them the following month. This equates to 25 people in total! Got it? This flow of systematically generated cash is called Passive income(or residual income). Essentially, when you consistently earn more passive income than expenses, you are on the right track to achieving financial freedom!

Investments like stocks Y properties they are also a very good source of passive income. for example, stock dividends, property rental income. I know that several wealthy people are earning so many dividends each year to the point that they can effectively retire without having to worry about money.

Let’s not forget to mention about the Internet! In fact, the creation of the internet has opened an overwhelming gateway for almost everyone on this planet to have a real chance of making money without physically being there. Most importantly, the internet serves as a perfect platform as a 24/7 money generating engine that never stops even when you sleep!

Last but not least, a very important key mindset shift is willingness to take risks! Leave your comfort zone for a better financial world! It is through risk that one will become a better and more competitive person that keeps a person’s mind thinking more effectively to achieve success!