In early life you have been taught that you should get good grades, go to a good university, get a high paying job, buy a big house, start a family. Be a good boy or girl, and when you are 65 you can retire. But when reality really kicks in, the truth is that path only leads to unending debt, lack of retirement, savings and ultimately, to financial frustration. And you may tell yourself that you will just work beyond 65, but even if you want to, your body may not be willing. Financial freedom is when you have enough passive cashflow (money you get whether you work or not) every month to cover your monthly expenses. In other words you are free to do what you want, live how you really want to live, go where you truly want to go. This is possible even in your 20’s if you just learn how.
Earned income is the first type of income. The second type of income is capital gain, this is where you buy a pencil for $1 and sells it for $5. This type of income is often used in stocks and business. The third type of income is passive cashflow, which is getting money without doing anything.
To put it simple terms: Assets puts money in your pocket and liabilities takes money from your pocket. The difference between a poor and a rich person is what they buy first. Rich people buy assets first, then liabilities. Do you buy stuff that takes money out of your pocket or stuff that puts money in your pocket?
To become financially free you must understand how to create a system that puts money into your pocket, without you doing anything. This can be done by leveraging debt, real estate, business or stocks.
Yes, however, only you hold your destiny in your hand. Whether your life will be a success or a failure, only you can choose. A choice you have to make every day, every hour. Ask yourself if what you are doing right now, is getting you closer to your goals? At Rich Journey Group we will guide you through the jungle, help you hone your wits and give you the motivation, but only you can walk the distance.Get started >
Spend more time with the most important people in your life, your family, your children. You could travel the world. Learn a new language. Do whatever you want and most importantly; spend time on yourself.
With financial freedom you don’t have to worry about money. Whether you are old, sick or have been in an accident. The system that you have created will generate money for you, regardless of your presence.
With unlimited time you could also give back to the world. Write a book about your knowledge and experiences. Help the unfortunate, fight for a course that benefits humanity.