The expression “financial freedom” means different things to different people. I describe it as being able TO HAVE OPTIONS about how
- I spend my time and
- I spend my money
This allows me to focus on what and on who is important to me. I believe this allows me to live life on my terms, as much as is possible.
Step One is to SET YOUR INTENTION.
Take Jeremy for example. His intention is to wakeboard around the world. He’s currently looking at manage-the-manager franchises so he can be gone for weeks at a time. His plan started by trading online. Achieving financial success there, he left his day job. Now he wants to spread his risk, diversify his assets and have multiple income streams.
What’s important to you?
What is your intention so it becomes inevitable?
As for me, my intention is to visit our adult children, play in pickleball tournaments, retire in five years, and travel in the US and abroad.
To free up both our time and some of our money, we bought a condo. In addition, I continue to sock money away in my 401(k) so I have enough money coming in when I retire.
Set your intention and take the steps that lead to your definition of financial freedom. For free resources on entrepreneurship, message me through @LinkedIn.