What is financial freedom? There are many definitions of financial freedom or financial independence. The one that I embrace says that you are financially independent when your monthly passive income is over and above your total monthly expenses.
Hmmm, where does that leave us? Do we have passive income?
Sounds like a tall order and it seems so distant and far...
Well, if you are ready to suspend your judgment, if you are willing to challenge your limiting beliefs and embrace abundance, read on.
The first step to reaching any goals, dreams or desire is the openness to explore and the willingness to suspend judgment and cynicism. Only then will you be open to consider the different options you have for reaching your ultimate dream. You do not want to limit yourselves at the outset. However, do keep your sharp and analytical mind as you evaluate the information presented to you.
Before we become millionaires overnight, a few things need to take place. Before we experience abundance of any sort, there needs to be awareness, learning and implementation, monitoring, realignment and practice, practice, and more practice. This is the sure and steady way to success.
The first thing you need to do is to be aware of why you want that financial freedom. And why that is important to you.
Then you need to get some education and training on your financial literacy.
It is no good depending on some other people's advice - even if he is your accountant or good friend. Ultimately, you want to be responsible for your own decisions.
How do you get the financial training?
1 - You can read books, and there are lots of great books around and you just need to visit the bookstore. However, this will only give you a basic understanding as you are not able to clarify your interpretation of what is written. And books do get outdated too.
2 - Join in the conversation in groups and forums. Ask your questions, articulate your queries and listen to different responses given. This process will get you into clarifying your thoughts and queries.
You get to ask practical and implementation questions here. But whether or not you get the answer is another question. Also you will want to keep a clear mind and not believe everything you hear. Double check it with second opinions or literature.
3 - Join in previews to workshops or the actual custom made workshops and learn from the experts. Those who have made it, been there done that and are willing to share their strategies with you.
In this information age, a lot of information within your reach. It is advisable to get your training from a trusted and reliable source, and learn those who have a proven system and a set of process that work.
The other thing about workshop is that you will have the opportunity to get your hands dirty. Attending a 2 or 3-day workshop will not make you an expert, but at least you will be learning from the gurus.
So whether you can achieve abundance or not is determined by your success mindset. You can take charge, do something about your dreams or you can lament and hope for the economy to change (or for an inheritance or a fluke of luck).
Nothing happens until you want it badly enough that you take action. "Life happens at the level of events, not of words". Alfred Adler. Small deeds done are better than great deeds planned.
If you want to take your current state to the next level, to live in freedom and abundance, then go out and explore, read up, join some workshops and get your hands dirty.
And if you are looking for some free and online preview calls that will give you some head start in the kinds of investment strategies that you can consider, sign up here. This is a live call which will be recorded. When you leave your name here, you will be given access to the discussion on strategies and tips that you can use from an expert with proven track recprd.
Louisa Chan is a Certified Professional Coach who will work with you to co-create your success by empowering you.
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