Financial Freedom Archives

Motivating People to Reach a Million Dollars

I listen to a podcast called the million dollar plan. It is a 1 on 1 interview style show where the host discusses the finances of a featured guest. The gist of it is to reveal when the interviewee will reach a million dollars. That million dollar day could be 4 decades in the future, but the host (Pete) discusses with them how to speed up that process and reach a million dollars sooner with several action steps. Motivating People to Reach a Million Dollars is necessary to any money coach. Because when clients succeed everyone wins.

Now with this topic about finances fresh in your mind, do you have any idea when you will reach a million dollars, or if you even have a plan to reach it? Many people in the media now days always put off a million bucks like it’s not enough. But believe me a million bucks far supersedes the investment accounts of most baby boomers. The average boomer over 60 years of age has about 2ooK in retirement accounts as advertised in the same media outlets that say a million is chump change.

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The 6 Steps to Freedom

Hey do you desire freedom? Is it tugging at you as you slave away for 40 hours a week sitting at a cubicle? We should all be striving to reach freedom in any way possible. No job ever truly has your back, because they want you plugged in and locked down with golden hand cuffs for eternity. How long is a long time, 40 years is the average amount of time people end up working. Add up the school years and it balloons to 60 years. Now if those stats don’t motivate you to complete the 6 steps of freedom then I do not know what will.

Imagine a time where the alarm clock doesn’t go off and you can now enjoy 3 day weekends. The boss will be very jealous of you when you hand in your resignation letter because said boss wants freedom too.(Boss just doesn’t disclose the desire all to protect the company’s bottom line)

I have 3 weeks of vacation time and with 52 weeks in the year, it is not enough to allow me a 3 day weekend every week. So I must pursue freedom because of this fact and because I just don’t like people telling me what to do. I place a higher value on family and a more favorable life / work balance. Continue reading The 6 Steps to Freedom

Why I Want Financial Freedom

What’s going on my peeps? I want to talk a bit about my favorite topic financial freedom. I want to discuss this because its way more enjoyable than talking about debt. Why I want financial freedom is very simple, because we as humans were truly meant to be free. Once you feel the tug of this FI desire, you will understand. If it hasn’t hit you yet, be ready cause it will one day.

Do you fully grasp that this system is set up to trap us from a very young age. From school years and quickly transition to work yeara till age 67 plus.

My mom had the same desire to be free as she retired at age 39 and lived how she wanted for the next 10 years or so of her life. She started a few businesses and just hustled while enjoying life. Eventually she went back to work but only because she wanted to pass the time I believe after becoming an empty nester.

Even the super rich are trapped in this unfavorable cycle of being beholden to others. The rich CEO reports to the board, Warren Buffet has shareholders and his own obsessiveness of growing his business, politicians are controlled by other more powerful people or political parties who pull the strings, the movie star is at the mercy of recording studio heads, the doctor is bound to his patients or to the director of doctors. I can keep going if you would like, but you get the gist of it.

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The Unconventional Wisdom Behind Early Financial Independence

Once you understand that being unconventional in how you handle finances will bring you a sense of freedom, it will all fall into place. I believe there are two sides to personal finance, the consumer mindset, where you feel no control over money, and the unconventional side of finance. Where you direct your money to go places, and feel more at ease. This is where the unconventional wisdom behind early financial independence comes into play.

It takes either a drastic switch of lifestyle to mature into this new mindset, or it can just happen once you realize that spending excessively doesn’t make you happier. Some people feel that unconventional financial management is a deprivation of some sort, or a lacking of having fun. But in reality it is the opposite. Yes I tend to save a lot for the future, but it is done with purpose and that is what makes me happy. Hidden in our lives is a natural state of satisfaction with knowing that freedom is right around the corner.

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The Long Journey towards Financial Freedom

As we have come to realize a journey must be taken to achieve anything in life, including the long journey towards financial freedom. What is the freedom I am talking about or writing about to you today? Many of you must be thinking, I have plenty of freedom in my life at this moment. But in reality 70-85% of all Americans do not have the freedom to do as they please on any given day. From the time we are school aged to the time we hit retirement we are in some level of bondage. WOW did Rich Uncle EL just use the word bondage to describe how our modern society operates? Yes I did because after working in corporate America for over 10 years, I clearly have seen and read the facts facing the struggles of modern age society.

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Life Questioned for Financial Success

On occasion I second guess purchases with a question attached to the indecision. The question is does this expense provide value to my life? If no then for the most part I don’t spend the dollars. Many people will read this and think why is Rich Uncle EL so strict with his income? Well I will answer it for you today and it is really simple. My personality is and will always be a forward looking type of person. I look to maximize anything that will benefit my family’s future, even if it means the present is lived a bit more modestly.

This is what I mean about life questioned for financial success.

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Why I want to be Free of Debt Forever

I could give a thousand reasons why I want to be debt free, but for today’s post I will share with all of you just 1 reason. Debt freedom is truly the way to live I believe. Because when you are you feel a sense of power over finances. Owning others is a straight path to having less cash flow month after month. In addition to having mounds of added stress.

Now lets discuss my reason why Debt will be out of my life soon. But before I do lets look at this awesome quote:

Eliminating debt is not only important its everything – Rich Uncle EL

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Milestones Achieved in 2014

milestones achieved in 2014

Happy New Year! Hello friends if you are reading this you will soon learn of all the milestones achieved in 2014. I want to do this every New Year as a way to remember what I accomplished and as a way to help me set up my new goals going forward. I hope you succeeded in completing a few goals of your own this year.

Now this is not a post to brag, but a way to recognize that I am finally keeping track of finances and that just transforms me to keep superseding previous goals. I want to give you a few milestones relating to several topics, but the majority will be related to personal finance or money management, as this is in line with the subject matter of this blog.

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