| What does it take to create financial freedom? | | | | The idea behind the concept is pure common sense... |
| Imagine living your life with the freedom of choice to | | | | if you only have one income and that one income is |
| do, be, or have anything you wanted. Nothing would | | | | eliminated or threatened in any way you have some |
| be beyond your reach. Have lunch at an outdoor cafe | | | | serious problems. In fact, if you lose your one and |
| in Paris. Rough the outbacks of Australia. Explore a | | | | only income you have to scramble to replace it or |
| safari in Africa. Spend a weekend at the Waldorf. | | | | you may lose everything. It is truly unfortunate that |
| Travel the globe just because you want to. All within | | | | so many people fall into this trap. Therefore it would |
| your reach. | | | | behoove each of us to create or develop multiple |
| To the majority of people, maybe even you, these | | | | streams of income. |
| are nothing but dreams. Most people are having a | | | | An intelligent move would be to create or develop an |
| hard time meeting their monthly obligations to allow | | | | additional income dedicated to help feed our |
| their minds to fantasize on such foolish dreams. But | | | | investment portfolio. |
| how foolish are these dreams really? | | | | When I talk about an additional stream of income |
| In 1908 Wallace Wattles wrote a masterpiece | | | | most people instantly assume I am talking about a |
| entitled "The science of getting rich." In it Wattles | | | | second job. I am not. In fact, from a tax stand point, |
| points out that anyone can get rich with scientific | | | | that is probably the worse thing anyone can do. Your |
| certainty if that person does things in a certain way. | | | | second "on the books job" will be taxed at a higher |
| This article will explore four specific things anyone can | | | | rate than your primary job. If again we went back |
| do that will lead to certain, scientific financial success. | | | | and studied those that started with nothing and |
| 1. Get clear; What would it take in dollars and cents | | | | achieved financial success, yes, we would find multiple |
| for you to be debt free? What specific dollar amount | | | | streams of income. But we would also find that most |
| would be necessary for you to have all your bills paid | | | | if not all of those income streams were produced by |
| in full every month? Depending on your lifestyle, | | | | a business income. In other words, create or develop |
| some people can be totally debt-free with only | | | | additional incomes that are from your own business |
| $5,000 or $6,000 a month. Of course this figure | | | | ventures. |
| varies considerably but the key point here is not the | | | | In todays world anyone can start, develop or |
| amount but the awareness. Coming to an accurate | | | | purchase their own business. There are thousands of |
| amount that would provide you a debt-free lifestyle | | | | viable home, Internet or network marketing |
| will dramatically clear up your thinking, minimize | | | | businesses that can be started on a shoestring and |
| obstacles and lead you to a proper plan for | | | | can lead to incredible wealth. |
| achievement. | | | | 4. Prosperity consciousness; Throughout history the |
| 2. Pay yourself first; Here is where most people fail | | | | wises people have concluded one fundamental fact, |
| to create their freedom. If you fail to pay yourself | | | | "we become what we think about most." In 1933 |
| first every time you get money, guess what... you | | | | Napoleon Hill published the all-time classic "Think and |
| are without a doubt headed for financial failure. | | | | grow rich." With it he set out to awaken the world |
| Paying yourself first is the one critical principle that | | | | to the fact that prosperity consciousness is the |
| connects all the other techniques and strategies | | | | number one element needed for attracting and |
| together. The bottom line is that even if you were | | | | maintaining wealth. In this article we have covered |
| handed millions of dollars this very second, if for | | | | clearly defined goals, investing, multiple streams of |
| instance you found out that you hit the lottery, | | | | income, and the value of owning and operating your |
| unless you immediately began investing you would | | | | own business. Yet none of these very important |
| soon be broke again. Financial freedom means that | | | | topics are of any value to a person who fosters a |
| money is now working for you instead of you having | | | | poverty mentality. |
| to slave for it. If all you are doing with money is | | | | A person with a poverty mentality will not have the |
| spending it, you will never master it. On the contrary, | | | | ambition to set goals and follow through with them. |
| it will master and control you. Your slavery will never | | | | Or search his mind in order to find additional incomes |
| end. | | | | to develop. Or put himself on the line to create a |
| When I speak about money and investing the | | | | business. |
| biggest argument I hear is that there is no money | | | | On the other hand a person with a prosperous |
| left to invest after all the bills are paid. I have two | | | | mentality will automatically gravitate to all of these |
| responses to for these people. First of all, make it a | | | | concepts naturally. They would move confidently |
| habit to pay yourself first. Before you pay any bills | | | | towards goals, as if they were exerting no effort. It |
| you must first pay yourself a minimum of 10%. You | | | | would seem as if they are magnetizing all they need |
| set that money aside and let it grow to where you | | | | to themselves. |
| can then invest it and have other people pay you for | | | | The biggest threat to your financial freedom is not |
| it's use. | | | | the economy, lack of opportunity or even your |
| The second answer to the "no money to invest" | | | | current lack of money. The biggest threat is how |
| excuse is the third master key to financial freedom, | | | | your mind focuses it's energy to either attract or |
| MSI. | | | | repel money and success. |
| 3. Multiple streams of income; The fastest way to | | | | Developing a prosperity consciousness is of utmost |
| achieve any desired results is to study the people | | | | importance to your ultimate freedom. Everything else |
| who are currently achieving the result you are after. | | | | would be nothing but wasted effort. Financial |
| Then you simply follow their proven steps. | | | | freedom always happens from the inside first. |
| If you made it a point to learn how people who | | | | Practice these four principles in your life daily and |
| started with nothing and reached lasting financial | | | | financial freedom will surely follow just as days follow |
| freedom you would find one outstanding common | | | | nights. Your success is not only within your reach, it is |
| denominator. Those that achieve wealth do so by | | | | in your hands. |
| having multiple streams of income working for them. | | | | |