The Key to Financial Independence

The Key to Financial Independence

Profitable investment in real estate, stock market riches, profitable investment in internet marketing to become a billionaire or to build a successful home-based company is the key to financial independence and fortune!!

Every human being's ambition and aim has always been to achieve freedom — freedom of mind, freedom of speech, freedom of religion, and freedom of expression, among other things! Then why not Financial Independence?

"Financial independence" is defined as follows by Wikipedia: "A well-planned lifestyle in which one is no longer needed to labor for revenue to support their costs."

The Rich Dad, Poor Dad series and other personal finance books piqued my curiosity, and I began to question why we weren't taught how to be financially literate in school and college. At the end of the day, whether all of these works are fictitious or based on true events is up for debate. The main aspect to note here is that it pushes for financial independence via various ways such as investment, real estate, company ownership, and other money-generating and protection strategies.

The majority of us are hungry for financial independence and want to be financially independent. When one works in an organization where one does not have the power to make decisions. Management will have the last say on your financial well-being. It is your responsibility to accept the consequences of management failure, whether it is within or without their control. Market conditions, competition, government regulations, and natural disasters are all examples of external macro variables that might influence a company's performance, either purposefully or accidentally. You will endure the consequences of a management blunder, including layoffs, downsizing, pay reduction, and salary stagnation.

What is going to happen next.....? You begin your search for a new job. You could find yourself in a position where...sorry, wrong words, you get a job working for a huge blue chip firm, or even better, a job as a government servant with an iron rice bowl this time around. You must be thinking in your head, "I've finally made it in life.....!!" Do some introspection to determine whether or not you are really cut out for this world. If you are earning a salary, your income may or may not be sufficient to cover your daily living expenses. Alternatively, you may be one of the millions of people who are still trying to pay their home loan, vehicle loan, credit card, utility and telephone bill...bills that never seem to stop...!

Perhaps you have been really lucky in that you have been able to get a job with a salary that surpasses your current living expenses. Is it possible that you are one of the lucky few who make a solid living by working at the highest levels of an organization? However, ask yourself the following question: Are you content? Are you able to escape the rat race of daily life? Are you finally free of the ruthless workplace politics? You've had enough of being caught in the same old morning traffic bottlenecks that never seem to let up.

It's possible that you like your current position. Excellent….! However, are you increasing your wealth? Are you taking use of the power of compounding to build money so that when the day comes that you decide to leave your work, you will have a pile of assets to support you? "I do what I love to do because I want to!!" is something you can only say with confidence after you have achieved that financial status.

Financial independence does not merely entail being debt-free; debt is simply another price. A person is considered to be financially free as long as their passive investment income is sufficient to meet all of their costs. This big enough "nest egg" passive investment should also be readily liquidated in the event of a need to liquidate the investment. Simply put, financial independence is the state of being free from the need to labor for money and instead allowing money to work for you!!

"Can you tell me how you did it?" Find something (passive investment) that generates revenue profitably and consistently long after you have 'finished the construction' and devote your time, effort, and money in creating it (passive investment). There are several approaches that may be used to construct such a money-making machine. It might be stock investing or trading, forex trading, futures trading, commodity trading, or any other financial instrument that has the potential to earn money. In addition to internet marketing and multilevel marketing (MLM), company endeavors and real estate ownership for rental and capital income are alternative money-making vehicles.

The most significant barrier to achieving financial independence is the fact that not everyone has the requisite skills, experience, know-how, and financial resources to achieve it. The key to accumulating riches is to choose something that is compatible with one's abilities and to work hard to achieve it. It is possible that there are more than one "money-generating machine," that there are several machines. The size and number of machines you want to create will be strongly influenced by your ambition, available cash, and degree of risk tolerance. Everyone is unique in their own way. The most essential thing to remember is that you must be the one in charge of the choices that will affect your life!

Your desire to achieve financial independence, as well as the quantity of money you have, will have a significant impact on the route you choose. It is true that money is required in order to develop money, but it is also true that wealth may be created with little or no money. Many successful businessmen and individuals have shown that if there is a will, there is always a way!!

If you are serious about achieving financial greatness, you must first identify and eradicate any subconscious barriers that are preventing you from producing money. Getting your head out of the way is essential to generating the money you deserve!!

If you want further support, you may benefit from my 30-minute wealth-building session. We'll speak about your financial goals, go through your current plan, and answer any questions in the following 30 minutes. This training will be educational and will help you design a better plan.

Send an email to [email protected] to set up your meeting, and I will contact you.

Thanks

Citrone