Financial Freedom: Four Groups Of People You Must Not Emulate In Your Quest To Be Financially Free

Financial Freedom: Four Groups Of People You Must Not Emulate In Your Quest To Be Financially Free

One of the key principles of success is the principle of emulation. This principle says, you will be successful in the proportion to which you find out what other successful people are doing, and then do the same things yourself over and over again. As a wealth seeker, this principle can dramatically increase your probability of achieving financial success. Unfortunately, there is a limit to which you should emulate some groups of “financially successful” people. Listen, in your quest to live a financially free life, there are four groups of people you must not emulate or model their spending habits and lifestyle. Many of these people came into wealth, not as a result of financial intelligence or wit, but have wealth thrust on them through luck. As a result, they are careless in their spending. They live a lavish lifestyle and spend as if there is no tomorrow.  1. The Pseudo-affluent: these are mostly professionals and corporate executives, who earn a high income, but spend the majority of what they make on lavish lifestyles.  They live big and large: they drive the latest high-end luxury cars; wear expensive designer suits and clothes fly first class and dine at the best restaurants.  They have the appearance of wealth; unfortunately, they do not have the true substance of wealth- assets. As a result, they are usually just one to two paychecks away from being broke. 2. Wealth Inheritors  Many wealth inheritors are prodigal sons and daughters who are unable to preserve, let alone grow whatever wealth they inherited.  These are people who have not had to worry about money for much...
Financial Freedom: Why Paper Assets Might Be Your Bet For Building Wealth

Financial Freedom: Why Paper Assets Might Be Your Bet For Building Wealth

Enjoying financial abundance and achieving financial freedom is no rocket science. As a result, anyone should be able to walk in the reality of this realm. What is basically needed for anyone to build wealth and achieve financial freedom is to do all is possible to boost income and control expenses, and then invest the surplus for compound growth. The ESI strategy is a sure path to financial freedom. ESI strategy simply means Earn, save and invest. If you’ll earn all you can, save as much as possible, and invest your savings wisely then it’s just a matter of time before you partake of the banquet of prosperity. Listen, if you embrace and truly put this simple strategy to work, you can almost be sure of enjoying financial freedom. The ultimate goal of the ESI strategy is investing. Investing is simply getting your money to make you more money. It is getting your money to work for you so you can eventually stop working for money.  Investing a part of your earnings is a crucial key in your quest for financial freedom. Financial freedom is simply the point where the PASSIVE income from your INVESTMENTS is equal to or greater than your living EXPENSES.  Financial freedom is not in amassing millions of dollars in savings on which to live. It’s not about a fat salary from a job, but everything about cash flow from your investments and assets. It is simple to have enough cash flow coming in every week or month from your investments and assets to meet your living expenses, whether you work or not. You don’t have to be fabulously rich...