Your Options

Your Options to get financially free!

Before I discuss this topic I want to be absolutely sure you know the following rules.

1 Freedom is not FREE.
2 Freedom needs courage.
3 Freedom is not given, it is earned.
4 You can't have Freedom if you can't let others have Freedom.
5 More you help others get their Freedom more Freedom you will have.

Can you keep this in your mind as you go through the options and select the one that suits you best?

Option #1
To be born rich! - may be next life?

Option #2
Win a lottery! - you must buy a ticket though. You know the odds.

Option #3
Marry a rich person! - possible for some of you (if you are not already married that is).

Option #4
Play stock market or invest in real estate - but you must have finances to buy stocks in the first place and have the skills to choose the right investment. Very possible if you are good at financial management and are willing to take the risk you could get into the fourth quadrant.

Option #5
Start a big business - a possible option for few of you. Venture capital is available if you have a product or service that the community needs and you know how to package it and take it to the market and also handle all the adminstrative and accounting work that is involved or can pay someone to take care of them for you.

Option #6
Save! - start saving as much as you can each month as early in life as you can. Put it in solid, moderate risk and hence moderate growth mutual funds etc. and leave it there to get compunded and grow exponentially.

Option #6 seems possible for most of you and it does not depend on others or chance or need any special skills and you can do that as you carry on earning a living etc.

Let us do some maths to see how much we have to save for how long to accumulate what we need.

Write down the answers to the following questions and I will discuss the pros and cons and examine your next steps soon.

When would you like to be FREE?

• In five years (5)
• In ten years (10)
• In fifteen years (15)
• In twenty years (20)
• In twenty five years (25)
What is your plan to achieve this?

How much money do you need monthly to be FREE comfortably?

• Rs. 20,000
• Rs. 40,000
• Rs. 50,000
• Rs. 1,00,000
• Rs. 2,00,000
What is your plan to receive this monthly income?

How much money do you need to invest at 6% interest to receive your desired monthly income?

(Take your answer from question #2 and just multiply by 200)

What is your plan to accumulate this money?

See you soon.

Let us be very Clear

CLEAR Explanation of Three FREEDOM

It is very important to clearly understand the relationship between these three types of freedom (Personal, Financial and Time Freedom) and how they are achieved before I show some options for you to choose and follow.

I find using Robert Kiyosaki's Cash Flow quadrants makes this very easy to explain in just four simple diagrams.









As you can see the fourth quadrant is the best place to be. It is easier said than done!

Can you get there? Answer to your question is yes! If you really want to.

But how does one get there? In a number of different ways.

You will find the options in the next few blogs. Keep watching!