What Is Financial Freedom To You?
I believe it is better to talk about WEALTH before talking about financial freedom.
What is Wealth?
My definition of Wealth comes from Robert Kiyosaki.
"Wealth is NOT a measurement of how much money you have but how long you can live without working."
In other words, I can say that wealth is a measurement of Time, not Money.
Having financial freedom to me means being able to live infinitely long without working, but yet able to meet ends needs.
Check out these two ways a friend of mine told me, Leeds, to achieve financial freedom:
1, Make a lot of money, so much so that you can't spend it all in your life.
This is the most straightforward thinking of achieving financial freedom.
It is what most people have in mind.
But the question is;
How much is enough in today's world?
How long does it take to make that money?
How much effort is needed in the process?
What is the opportunity cost, in terms of health, family, etc?
I ask these questions because I have seen too many people work too hard to make money online, only to realize that they have lost their health and family in the process.
NOTE; Consistency is the key to financial freedom, yet, can also lead to stress when a blogger blog all his time and neglects family time, religious time, and time for rest, etc.
2, Make monthly passive income, such that your monthly income is more than your monthly expense.
Let's say your total monthly expenses are $5,000.
If you can generate a passive income of $5,500 from businesses, property rentals, stock dividends, and/or bond interest, then you've technically achieved financial freedom.
It may sound difficult because I've set a high target of $5,500.
But I know there are people here in WEALTHY AFFILIATE with a higher target and still making it.
In my stage of brainstorming to join WA, I was told I can achieve financial freedom as soon as I signed up for training.
Now, this is what I found out in the little time I've been here;
You don't make money online by joining WA, you make money online by applying things you can catch through WA's numerous training.
Finally, focus on your training, engage online, and diversify the use of your time.
happy to be in this world classic community and thanks to my good people of WA.
Recent Comments
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Yeah Goldstrong, there was some type of mix up if you were told that you would make money as soon as you joined WA. It takes patience, dedication, and some hard work to see that 5, 6, or even 7 figures in that bank account.
Perhaps they meant that you would see benefits as soon as you joined, maybe?
Benefits like the training, the classes, and the community.
Canty
Thanks for this great comment Canty. I finally learned about patience, dedication, and hard work as pieces of the money puzzle. Happy to hear from you, sir.
Very thought-provoking post, Godstrong! 🤔 This can easily be achieved when we create multiple income streams. Of course, in this current day and age that is getting exceedingly more difficult to do!
Jeff
Exactly sir. To create an income stream is hard to achieve this day, not to talk of multiple. Notwithstanding, we keep on fighting our way through sir. Thanks so much for stopping by sir.
Yes, we do, Godstrong! You don't have to call me sir, my friend! I am Jeff! Thanks for your excellent post!
Jeff
See more comments
I understand where you coming from and you are right when you join the WA, no quick scheme to make money right away, but the platform helps you to put together how to make money in the future.
Working hard till you lose health and your family is not the right way either, should be balance is the key for me anyway!
In my opinion now a days its not the money alone to have a freedom in life, wealth is my health first thing first, then work to live is not for me but simply small things that make you happy and make your family happy is the best!
If i can make a person smile, that to me is priceless! Having WA family is great as i grew loving in here!
Together we can inspired each other, hang in the community is the best to learn and find what really makes you success towards your goal!
And mind you there's so much rich people who are not satisfied no matter how rich they are, ha ha ha
Having said all these, i hope i don't offend you my good friend
Wish you all the best Godstrong, see you around!
joce
So magnificent of you ma. I love your understanding of the point. You have just embellished this nicely. Yes, there should be a good utilization of our time so we can be happy. Also, health is wealth. Thanks so much Joce.
You are very welcome Godstrong!
Bless your heart always leave your heart to HIM!
Glad to enlighten you and keep smile on your face that makes me happy too!
your new friend,
joce