The Quickest Way to Become Financially Independent

The Quickest Way to Become Financially Independent

It is so simple that most of you will not believe it.

Let me clarify the difference between financial freedom and being wealthy, first.

They say that wealth is a product of your mind.

Size of your bank balance cannot make you wealthy!

Your wealth includes:

  • Gratitude
  • Living a life on purpose
  • Adding value to the lives of others
  • Your health
  • Your family & friends

Most of us are wealthy as per this definition. What is your opinion?

The definition of financial independence is:

“You never have to work again to live your life. You are working, because you want to not because you have to.” Tony Robbins

You should start your journey to become financially independent with a wealthy mindset.

Here is a formula to become financially independent, which I learned from Tony Robbins:

  1. Spend less than what you earn each month
  2. Invest the difference - let your money work for you while you sleeping
  3. Reap the benefits of compounding over the years

It is so simple but you should not confuse simple things with easy things.

The Big Ideas Are Always Simple But Not Easy to Implement

A daily walk or Jog - can't be more simple than that, but how many of us do that?

Saying thank you - how often we do that?

Letting it go - do you do that often?

Whatsaap - a simple text messaging service

Google - a simple search engine

An iPod - a simple device to carry 1000 songs

Big ideas simplify the lives of the masses.

Most people who are happy in their lives are wealthy, regardless of their financial situation. You can be earning millions but not wealthy.

I consider myself wealthy because of:

  • Good health - health is the biggest wealth
  • Loving & caring family & friends - you can't buy with money
  • Amazing team - teamwork is a dream work
  • Excellent customers - we are so lucky to have them
  • Generous LinkedIn family - why did I found you guys so late :-)

Do you consider yourself wealthy?

If yes, your journey to becoming financially independent gets a lot easier.

Enjoying learning & sharing to grow together! https://ranashahbaz.com/

My recent article that went viral You Need Inspiration Not Motivation.

Completely agree ! Thanks for the article.

Christopher Bramley

Executive/Leadership Coach | TEDx/Keynote Speaker | Advisor | Director @Finding Shores | Senior Leader | Director of Coaching | Complexity/Flow/Agility/Ecosystems/Learning | Author/Writer/Teacher | AASD1

5 年

Rana Shahbaz?- great article on what really counts as value :)?

Stella ?? Da Silva

International Trainer with clappers in tow for all things Employability Skills | A-ha/Lightbulb moments with Stellalicious twists to showcase a better YOU on your CV/Resumé | Managing Partner at newly opened Desk Park.

5 年

A really nice read Rana Shahbaz! Well done!

Ubed Shaikh

Experienced digital marketer passionate about using data to drive growth and enhance brand awareness. Decade of expertise in SEO, PPC, social media, email marketing, and content creation.

5 年

Awesome article....loved reading it.

Krishna Prakash

Advocate of Indic Wisdom | Yogacharya | Yoga Nidra Specialist | Proponent of Self Leadership | Enabler of Coaches

5 年

Superb. Well written. Keep writing Rana Shahbaz Thanks Pradeep Kumar Cheruvathoor for sharing.

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