09 August 2019

The Fast Track To Financial Independence


"It is difficult to free fools from the chains they revere."
-- Voltaire
*********************************
Have you ever heard of a wage slave?

Stop lying… of course you have...

Even worse... are you one?

Wage slaves may live in big houses.

They might drive Porsches.

But they’re what’s known as “Ghetto Rich.”

It doesn't matter how "rich" you look, if you can't walk away from your job -- even for a second -- because you would no longer be able to pay the bills, you're a wage slave.

Most people want to retire at some point. Some people even want to retire early.

Others just want a short-term retirement to raise their kids, travel or simply smell the roses.

Regardless of the "why," the problem is usually the "how." How do you pay your bills without that paycheck coming in each month? How do you escape wage slavery?

Here are a few steps to get you started on the journey from “here to there…”

First, you need to change your thinking from high wages to high positive cashflow. What’s the difference you say? Wages are just that… they usually flow from a solitary source and are completely controlled by someone else. Cashflow on the other hand, can include multiple channels… wages, sidehustles, trading, real estate, etc. More important, you have more control and the ability to grow cashflow than wages. That becomes enormously important as you move toward financial independence.

Second, you need to bring your spending under control. If you can't (or won't), you will never be financially independent. The moment that your spending is consistently inside your independent cashflow (cashflow beyond your wages), you’re technically financially free.

Third, your assets must generate enough return to support the future that you want for yourself and your family.

Sounds easy enough, right?


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