Financial Freedom

Financial Freedom

We are back from our fabulous holiday - re-visiting an Island we went to 35 years ago! You have had time to digest the the two sides of the Freedom triangle. To-day let us look at the all important third side that will for sure help make the other two sides possible.

Financial Freedom:

This term means different things to different people. I will give you my definition of it. “It is having enough regular income to live a comfortable lifestyle of your choice without the constant pressure of funds shortage”. “It is also not having to depend solely on the exchange of your time for money”. Some other indications of one who has Finacial Freedom - "order from a menu in any restuarant by just looking at the left column without first looking at the right column!", "write a cheque without first checking the balance!"

Some examples to make this clear.

•Unemployed people of course. They have no income and where is the question of Financial Freedom.

•Most employees do not have Financial Freedom or even a chance of achieving one. It does not matter how big their paycheque is. Their income depends on their efforts and they trade their time and talents for money. If they are sick or cannot work for whatever reasons, the money stops. A 40% pension after 40 years of working for 40 hours a week is about all they can hope for – the pension.

•It is true of Self employed people (small business people are included in this category) Again their income is dependent on their effort and they are dependent on trading their time for money. These people do not even have pension as security unless they take care to save enough and invest for their old age.

Then who has financial Freedom? How does one get it?

The people who are born wealthy and inherit lots of money have Financial Freedom.

Big business owners have Financial Freedom. They take leverage of other peoples time and effort. They help a number of people earn an income from the business they built with their capital and sweat and in turn they keep a small percent of their income for themselves. They know the secret “one percent of 100 peoples’ effort is better than 100 percent of one person’s effort”. They depend on a network of people for their Income.

Please do not misinterpret Financial Freedom, as just having lots of money but it is more of how you earn it.

Now you have it. The three freedoms defined and explained. Those of you who have followed this now understand why Financial Freedom is needed first before one can expect to have Personal Freedom and Time Freedom.

So typical employees, who have none of the three freedoms have the following choices.

They can become self-employed and obtain some form of Personal Freedom. In order to get Financial Freedom, they have to expand their self-employment or small business into a big business by investing capital, taking risks and by putting lot of initial sweat into it. Once the income starts coming, they can invest it and establish a Residual Income for themselves.

How many unemployed people, how many employees, how many self-employed or small business owners can do this in order to get all three of these Freedoms?

Not too many, right? My husband and I have been fortunate enough to do it. We have Personal Freedom, we have Financial Freedom and we have Time Freedom. Now we want to help others get the same. That is if they want it and want it badly!

Yes there are options and I will show you all of them one by one if you are ready. You make the decision as to which option you want to choose.

In the mean time let us see what life can be when one has established a residual income and has achieved the personal freedom and time freedom.

Imagine this...

We live in a comfortable home on a two acre lot on a lake 40km away from nearest town. We work when we want to and play when we want to. We live six months here and six months in India. Coffee break time is any time we want it! Monday to Sunday is one long weekend if we so chose it or work 24/7 if that is what we want!

So what is your wish? How and where would you like to live? What would you like to do and when?

Think about it and get ready to make them happen. Write to me. I will be there to help you along.