Is Financial Freedom Free?
Firstly, what is Financial Freedom? Is it just having sufficient money ''to get by''? Or is it having more money than you need to maintain your lifestyle? I hope most people in WA will prefer the latter definition.
The second question is 'Is it Free ?' I wish it was. But unfortunately Financial Freedom is not Free. It is hard work to achieve the latter definition of Financial Freedom. It is a lot of perseverance, planning, sleepless nights, stress, frustrations and above all a lot of money.
However, the end result is very sweet. It means you don't have to work for some else, you are free from 9-5 job, you don't have work hard, you work smart. You can live a lifesyle others dream of, plenty of holidays, you can live comfortably on your passive income and give to charities.
With this mind-set I hope we can all achieve our Financial Freedom using WA as our platform. We all know it is not going to be easy but with determination and commitment I am sure we can do it. Good luck to WA family
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Recent Comments
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Thank you Nurudeen.
I totally agree with you that it's not easy to have financial freedom, but it worth every effort.
Good luck to you too.
George
Financial freedom for me is when you can live on the interest of your investments and never touch the principal.
Active income = income that you earn when you clock time
Passive income = pension income, interest income, et.,
Residual income = work once and earn repeatedly like Affiliate income from authority site.
The problem with passive income is , depreciating value of cash over period of time due to inflation.
So nothing beats residual income, esp when we age, IMO
Nice explanation! I recognize the pros of residual income.. But it still needs a little maintenance , therefore a little bit of work doesn't it? If yr site is not updated it may go down in views and in sales subsequently..
I agree. My take is residual can be greater than passive ( for most) and with less than active effort. worth trying...
Good to share this with us. Actually you are right nothing comes easy unless you vote to work for it.
So true, what is that old saying nothing is for free...you got to get in there and make it work, definitely by working smarter NOT harder. Rock on WA I say!!! Thanks for sharing.
Thanks for sharing this! Definitely it's not free. it costs years and years of hard job, unless you win the lottery. But I have some question for you and the community. Are there many people here who managed to quit the 9-5 job? Or at least go part-time? If so, how long did it take?
Yes we have a good number of them for example in my case I want to work full time here at WA comes in December this year. Therefore we have a good number of them take an example of this member here:https://my.wealthyaffiliate.com/loes or https://my.wealthyaffiliate.com/kathy331 we have many of them and you will discover this so long as you maintain here
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Thank you GMetaxas,
Have a blessed day.