The Final Bucket: Absolute Financial Freedom
A couple of months ago, we continued this series with bucket #4: Financial Independence (if you need review, please click here). Bucket #6 is the Absolute Financial Freedom Bucket. If you didn’t complete Bucket #5, go back and complete each exercise as it will build on the previous month.
Bucket Six: Absolute Financial Freedom
I want you to turn off the lights, put on some music, grab a pen and pad in hand and start dreaming.
Absolute Financial Freedom is achieved when your investments produce an income enough for you to do whatever you want, whenever you want, wherever you want, with whomever you want, and as much as you want – without ever working again.
What is the income that will support this? How many of these questions have you already reached?
You have already calculated your needs, your expenses, and the simple pleasures in previous months, added the boat, the fancy car, the trips, etc. Now add the next level of luxury items and finally, add charities you want to donate “big” to. How much do you want to leave your kids and friends when you are gone? DREAM BIG! How many friends or people you know can do this? How old are they? Learn from them!!
Imagine having enough money in investments that it produces $50K, $60K, $70K, $100K. This money is enough to cover all your needs, current luxury items that you are accustomed to and any other perks you might think of. That is right! You have reached your dream life.
Action Step for You: Calculate your Absolute Financial Freedom Bucket.
You can read the articles on the other buckets here:
Bucket One: Financial Protection
Bucket Two: Financial Security
Bucket Three: Financial Vitality
Bucket Four: Financial Independence
Bucket Five: Financial Freedom
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