Financial Freedom: The One Thing You Must Do To Achieve It.

Financial Freedom: The One Thing You Must Do To Achieve It.

Financial freedom or wealth building is really not about earning a huge salary. It has very little to do with the position you occupy in your organization…….whether you are a janitor, driver, or CEO.  To be honest with you, it has nothing to do with what stuff you possess or how large you live. Living in an upscale area of the city, wearing designers’ clothes, and driving exotic cars are not what make for financial freedom or wealth building. How Do Achieve Financial Freedom? When most people think of creating wealth, they think of earning more income by working more hours or changing jobs. As awesome and commendable as this step might be, it is good to know that salary is not wealth. And earning a huge salary might not necessarily culminate in wealth accumulation or financial freedom. The reason is that as an employee, your salary or take-home pay is classified as earned income or active income. Unfortunately, this class of income lacks the tool of leverage, which is a vital key in the process of wealth building.  This lack of leverage is a major drawdown to every attempt at building wealth with earned income. This is because your ability to generate income is tied to your personal time and effort. This means if you want more money, you have to put in more hours of labor. Unfortunately, there is only so much you can do in 24 hours. And in a case where you couldn’t show up for work as a result of sickness, accident or what have you, you don’t earn. The good news is there...
How To Earn Huge Income

How To Earn Huge Income

Your ability to earn an income is the first rung in the ladder of wealth building. The more income you generate, the more investable funds you tend to have for wealth building. When it comes to earning or generating income, we all know that the fundamental determinant of what you earn is the value you create for your clients or company. It is your contribution to your clients or the company you work for in terms of value that determines your compensation. The Law of Income simply says you will be paid in direct proportion to the value you deliver according to the marketplace Great principle….. You Need To Understand The Other Side Of The Equation Unfortunately, this is just one part of the equation. A half-truth can be very dangerous. This is the reason many people are frustrated today. They work so hard in their job to create great value for their clients or the company they work for, yet they seem not to be making headway financially. They become exasperated when they compare what they are earning with people who could not be said to be creating any meaningful value, yet earn huge income. For example, between a standup comedian and a university professor who creates greater value in people’s lives? The answer is obvious. The comedian can only make people laugh and feel good for a couple of minutes. The impact of his jokes is not a lasting or an enduring one. The question then is, who should earn more? Though you might want to argue that value is relative and it is as perceived by...
Did You Know You Do not Necessarily Have To Spend Money To Acquire Assets?

Did You Know You Do not Necessarily Have To Spend Money To Acquire Assets?

“I tell you, my students, a man’s wealth is not in the coins he carries in his purse; it is the income he buildeth, the golden stream that continually floweth into his purse and keepeth it always bulging. That is what every man desireth. That is what thou, each one of thee desireth; an income that continueth to come whether thou work or travel.” – The Richest Man in Babylon by George S. Clason   Wealth is essentially asset-based. Real wealth is not a salary; it is not a paycheck. You are not wealthy because your salary is huge. Your wealth is defined in terms of assets that generate passive income. Generally, assets are either physical or nonphysical, tangible, or intangible. Commercial houses are examples of physical assets, while intellectual properties are good examples of intangible, nonphysical assets.  Intellectual properties are essentially creations of the human mind and intellect that are legally protected. They include copyrights, patents, trademarks, and trade secrets.   Your knowledge, information, and experience when properly harnessed, organized, and packaged become your intellectual property, with huge commercial value. It is, therefore, your unique opportunity and singular privilege to turn this intellectual property of yours to financial wealth.  Listen, friend, your intellectual property is an asset; it is the real wealth of the information age. Indeed, a man is wealthy not because of what he has, but essentially, because of what he knows. What he has can be lost through disaster, obsolescence, or theft. But what he knows, he can never lose unless he loses life itself.   The truth is that the world will always need great information and...
The Most Misleading Lie Ever Told About Wealth

The Most Misleading Lie Ever Told About Wealth

What if I told you that you’ve been lied to? What if I told you that wealth is not what you’ve been told and taught? Perhaps you’ve been hypnotized by the world’s concept of wealth. Did you allow the media, entertainment, and sports word to define wealth for you?  Have you bought into the lies and fake lives of most professionals and senior executives who fly business class all around the world, live in the upscale area of the city, drive the latest model of an exotic car? Listen, it’s time to wake up and shake yourself free of these shackles of deception that have held many down financially. This deception about what true wealth is all about is the reason 80% to 90% of the world population is not wealthy. Society has lied to us about what it means to be wealthy. As a result, everyone is trying to LOOK wealthy, instead of paying the price to be truly wealthy. The irony of life is this, those who are truly wealthy try to live like the poor, while the poor are killing themselves to live like the wealthy. Indeed, empty barrels make the loudest noise. Listen, friend, you need a reorientation, a paradigm shift from the lies the society is presenting to you. This post is to help you know the truth about what true wealth is so that you can be free from the wrong perception and images the world has created of a wealthy person; which is making people take wrong steps and live fake lives. Now, if I asked you about your idea of who...
Are The Rich And Wealthy Just Lucky?

Are The Rich And Wealthy Just Lucky?

The rich and wealthy just appear lucky, don’t they? And the rest of us not so lucky. What’s your take on the subject of luck as it relates to wealth building? Do you also believe that the rich and the wealthy are just lucky guys? What’s Your Mindset About The Subject Of Luck? One major factor hindering a lot of people from achieving financial freedom is their wrong mindset about the subject of luck. This is where many people get it wrong, and as a result, they struggle financially. Finding out what you believe about the subject of luck is therefore very crucial to your financial advancement. Is your mindset about luck hindering you from achieving your financial desire or is it helping out? Listen, friend, your perspective and mindset about the subject of luck can make the difference between a life of penury and that of financial abundance. When people achieve great wealth, they are immediately tagged or branded as lucky. People look at the financial success of the wealthy and ascribe it to luck, and those who struggle financially are said to have bad luck. I consider it a great error and insult to look at the wealth acquired by someone who had mastered and consistently practiced the skills, strategies, and time-tested, universal wealth-building principles as a product of luck. I want to believe that the only group of people that can be considered lucky are those born into wealthy families. This is essential because no one gets to choose where he or she is born. A lot of people who struggle financially tend to consider themselves...
Money is Freedom

Money is Freedom

Money is a powerful freedom tool that can empower you to live as you wish. Within reason, when you are financially empowered, you live life the way you want it without money hindering or stopping you. You can pay your bills with ease, send your children to schools of your choice, buy whatever you want, live wherever you like without sweat, and go on vacation anywhere you desire at any time you want without money stopping you. Unfortunately, these are not the experiences of many working adults. Many work so much with almost nothing to show financially for their labor. As a result, they are forced to live lives that are far from their desired lifestyles. At retirement, their living situation becomes agonizing and unbearable. The available statistic about retirees is very disheartening and frightening. It shows that only about 5 percent of sixty-five-year-olds will retire financially independent. This means 95 percent of retirees will need one form of support or another; this could be either government or family support to meet the basic needs of life. These are people who have spent an average of forty years of their adult lives laboring in various fields of human endeavor. And now in their old age, they are finding it difficult to support themselves. They would have to spend their remaining days on the earth under financial pressure and stress. What a life! Money indeed empowers you to live free of financial stress. One of the great desires of every adult person is to live free of any form of financial harassment, embarrassment, worry, and pressure. With good money to...