The Truth About Financial Freedom Part I

I first heard the term “Financial Freedom” in my early 20’s. I didn’t know what it was, but something about it just sounded good.

But the reality is, very few actually achieve any real amount of financial freedom.

It’s about 5–10% of the working American population who actually experience what is advertised as financial freedom, and the remainder simply won’t ever achieve it. I happen to be one of the ones who got there, and I did it by the age of 31.

But again, for most, it’s not happening, and it doesn’t appear like it is even possible?

Have you ever felt like financial freedom isn’t realistic?

Have you felt like it was for those who are already rich and that the game isn’t rigged in favor of the everyday person to achieve it?

Maybe you’ve even spent money on courses, programs and investments that promised to help you achieve it only to walk away empty-handed and having even less money as a result?

I know I felt that way and I began to do some research and I want to share what I found out.

A big reason that people don’t achieve financial freedom is simply because they have a wrong definition of it. If you look up the definition of financial freedom online, you’ll see many definitions ranging from having investment income that covers your living expenses, to simply being able to meet your monthly obligations with some money left over.

Well, thankfully, I’ve learned there is a Law of Wealth on the topic of financial freedom, and it goes like this:

“There are only increasing or decreasing degrees of Wealth and Financial Freedom with no absolutes.”

So, what does this mean?

First, we should take a look at the word “only”. This means it’s exclusive and there are no other options, answers or alternatives on the topic.

And if there are increasing or decreasing degrees of Wealth and Financial Freedom, this would mean that somebody can only be more or less financially free compared to an earlier point in their own lives or compared to someone else’s life.

But the point of “no absolutes” means that there is no such thing as a destination called “Financial Freedom”. It’s a goal that doesn’t exist. At no point can anyone say, “I’m financially free!” It’s either I’m freer than I was before or I’m freer than someone else.

Here is an example. Look at the line below and I want you to picture that on the left side is less financial freedom. On the right side is more financial freedom. And in either direction, the line continues on and on and on. It never stops and somebody can continually become more financially free or less financially free.

Less financial freedom More financial freedom

Think of it like the globe. If I told someone that their goal in life was “to go west” and I acted like “west” was a destination on the map and made it their life’s focus to get there, they’d have an impossible goal. And we both know that this person would be running around in circles because “west” never ends. You can keep going indefinitely. This goal would actually be harmful to this person because I’m giving them a game they can never win. The result is at some point they’d get fed up with trying to get to “west” and they’d settle in whatever location they were in and decide “west” isn’t real and make sense of why they can’t get there.

Truly though, “west” is real, but it isn’t someplace you can achieve as a destination. It’s a general direction. If I told them, “Go west and travel to Hong Kong” then they could do it. They’d still need resources, a map, and everything else to get there, but if they had those things they would get there. I can’t promise they’d like Hong Kong once they arrived, but it could be reached.

That’s what “financial freedom” is like. Society is telling people “Go west” with their finances and not telling us it’s a goal that can’t be achieved. Financial freedom can only be defined in amounts of increasing or decreasing progress.

Someone with less consumer debt has a greater level of financial freedom.

Someone with money in reserves has a greater level of financial freedom.

Someone with passive income from investments has a greater level of financial freedom.

Someone who is financially trained not only has a greater level of financial freedom, but they have the potential to keep increasing it based on their knowledge.

These different degrees should be looked at as milestones. What’s the next achievable milestone for you to become more financially free?

A person with $80,000 in consumer debt could easily become more financially free by increasing their income and paying off the $80,000.

Person who has $1 million in cash could easily become more financially free by investing it to generate passive income.

Do you see what I mean?

In application, I want you to ask yourself one question as you finish reading:

“What is the 1 thing you can do right now that would give you the greatest increase in financial freedom in the least amount of time?”

Whatever you come up with is probably the next thing you should be focused on with your finances.

And what I’ve experienced since truly understanding financial freedom is that I make more definite progress. And I run all of my decisions through the question of “will this give me more or less financial freedom?”

Because isn’t that what we’d all consider ideal? A life where we become a little more financially free every week as time goes on?

In closing, my mission in life is to help good people build more wealth who make the world a better place.

So, if you’re a good person who wants to help make the world a better place and this article helped you, I want to encourage you to join our free Facebook community , Wealth DynamX Nation.

I want to encourage you to start putting this into practice. And feel free to write to me and let me know how it went. Or if you’re a client of mine and you’d like help leveling up, send an email to my team with “Level Up” in the subject line to [email protected] .

If you’re a follower and have not read my book The Blueprint to Financial Freedom yet, that is the place to start. This book covers the specifics for each level in the various chapters and you can grab the book for free as my gift.

Click here to get a copy!

The Blueprint to Financial Freedom by Jerry Fetta

To Purpose, Wealth & Freedom,

Jerry Fetta

Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on 100+ podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O’Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.

Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom and sharing the truth about money with those around them.

Learn more at www.WealthDynamX.com

(DISCLAIMER: The information in this content should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Wealth DynamX can and does not provide advice unless/until engaged by you.)