Financial independence is different for everyone
have you decided what it means for you ? In this article we talk about the easy steps toward financial freedom. It covers many different facets of building your map to financial independence – we look at the : who, what, where, why, and when, and of course the how.
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Have you considered What Your Wealthy Change path to financial independence is ?
It seems that Everyone wants to be Financial independent and they want it now.
So what is a wealthy change ?
Definition: “a change in your life and / or financial circumstance that produces different results no matter how fast or slow leading to financial freedom”
It is the change in Direction – to building something financially meaningful – not just wasting your time (majority of your spare time) watching netflix or your favourite streaming platform or TV – or doing nothing. (now There is nothing wrong with watching TV – or your favourite show, but there is a time and place – and you have to consider whether you are just wasting time – or getting some designated entertainment value.)
A lot of people want to go from virtually zero to freedom without delay… BUT… it needs 2 things: a) a mind shift, and b) an action shift
A change is a change – something different (mind shift and action shift)
“So if you always do what you’ve always done, then you’ll always get what you’ve always got”…. hence a change is needed!.
So what is that change? Anything that is different to what you were doing before – Best start for something simple, easy to achieve, minimal risk and something you can truly call a milestone.
Consider real-estate – high money- higher risk as there are many facets to real estate so it’s important that you’ll need to know you stuff…- so we probably wouldn’t start with that….
Consider Shares / business / – can be confusing and higher risk.. (but very lucrative – but let’s save that to another time.)
Many People ask…“Is the path to a wealthy change hard or easy ?”
That depends on you… look for ways that you can get excited about this, and it won’t be hard… provided you start smallish and work up to more challenging aspects. The Change in mindset and action is a step process.
There are: 3 types of change and outcomes – immediate, intermediate and long term
you could say… “Low hanging fruit”, or “stretched effort for good reward”, or “major reward / major work” – Each have their merits.
immediate: now to 1 month to generate some change.
– low hanging fruit is minimal effort to gain near immediate results
— Look at these Airtasker / taskRabbit
— eBay sell some stuff
— do some consulting work / sell services (or job) for immediate cash (YouTube editing / social media profile editing)
— Affiliate marketing – sell other peoples products (with paid ads or buy traffic)
Intermediate: 3-6 months to 12 months
– set up a small business opportunity.
– Start blogging – and do affiliate marketing of digital and physical products
– start YouTube channel and talk about your passion (with affiliate marketing ops)
– consulting works. Digital and physical works – services for other people (YouTube editing, channel management, website blogging, marketing campaigns, handy man / maintenance business opportunities on the side
– Shares and Crypto currency trading
Long Term – 12 months onwards
sharers, crypto currency, real-estate, business
– digital online business, YouTube channel business, affiliate marketing, consulting works and business
– Real-estate : renovating, flipping houses, land development, real-estate consortiums, options and value adds.
– expert channel and mentoring / coaching.
We look at each of these in more detail – refer to our YouTube page for a video on this very topic !
So – Before you click off this article – consider your own position – have you looked and decided what your overall financial position will be ? and have you taken steps towards your wealthy change ? I hope so.
Cheers!