When I talk about Financial Freedom, I don’t mean earning a large salary that automatically lets you live your dreams. While a high income is definitely desirable, you don’t need one to reach Financial Freedom. Income from working a job is just one part of what should be a highly diversified and worthwhile financial package supporting you and your family. And that package includes investing!
Your path to Financial Freedom has to include investing. Diving in might be a little nerve wracking at first, but if you educate yourself on how to make good choices, you’ll gain confidence quickly. And when your income from investing is large enough to cover your expenses each month, you no longer have to work if you don’t want to! Believe me, it’s worth it!
What Happens When The Wages Stop?
Think about it, if your only source of income is a large salary, what happens if you suddenly lose your job? When the wages stop, you’re left with whatever you managed to set aside—if anything! If you’re on the path to Financial Freedom, you have your Security Buffer. But when that’s gone, what happens?
Consider also a person who has a huge net worth tied up in cars, homes and other assets. You could be worth millions, but have no cash on hand to buy groceries. That’s why you learn in Financially Fit Bootcamp to invest for Cash Flow. Investing sends your money out to work for you, while still being accessible. Wouldn’t it be better to be truly Financially Free with investments earning enough to pay your bills?
Achieving Financial Freedom Through Investing
The only way to truly achieve Financial Freedom is by automatically generating, month-to-month, by investments. When you no longer rely on annual wages, when your income becomes a means for you to live your dreams without sacrificing your future, you’re genuinely Financially Free.
Who Should Invest?
You may think you don’t have the resources to invest. Or that you need a minimum amount to start. That’s not true! It’s never too late or too early to start investing. People from all ages and backgrounds, and from all income levels, have followed my advice to achieve Financial Freedom from saving and investing in a relatively short period of time.
Save as much as possible, invest your money wisely, and I know you and your family will reach Financial Freedom.
Dr. Tony is the co-founder of MindShift.money and the best-selling author of three books on personal and business finances. Having achieved Financial Freedom at 27, Dr. Tony believes that through Financially Fit Bootcamp and Cash Flow Cure everyone can get there. He has made it his life’s mission to help others live a life where their money works for them—not the other way around.