The Road to Financial Freedom can sometimes seem difficult to find.
An incredible amount of research has been done and the number of books written on the road to financial freedom are too numerous to count. Many people are still struggling to make ends meet and monetary independence is only a dream for many in our current economy.
What exactly is financial freedom and what are the steps required to reach it?
A simple definition for financial freedom could be “having an income cash flow that will cover your living expenses beyond your expected life span.” In other words, calculate your total expenses, including all of you fixed expenses including your taxes dues, and your daily living expenses, etc., compounded for inflation over your expected life span, and compare that to your projected cash income over the same Financial freedom period. You can say you’ve achieved financial freedom if your income exceeds your expenses. More simply, if your income outweighs your liabilities over your expected life span, you’ve achieved financial freedom.
Can this really be achieved or is it all a pipe dream? The road to financial freedom is not a myth but a concrete reality and can be achieved through careful planning and execution.
Difficult times create opportunities for fortunes to be made. Many of you may see our current times as being difficult. In today’s environment, the internet and internet marketing opportunities have opened the door to creating wealth like no other time in history. This is so because they have made it possible to instantly communicate across the globe, expanding potential customers and clients to levels never before possible.
The evidence lies in the numerous millionaires and billionaires who’s fortunes have been quickly created in very recent history. These individuals are not super humans but merely people who followed a plan that put them onto the road to financial freedom. The steps they took are not secrets. They are calculated steps which many people fail to observe in the course of their daily lives.