How to Achieve Financial Freedom

Set up (or plug into) a system or business that can run effectively without you to generate income

If you are in a business that requires your presence to make money, what happens when unforeseen situations prevent you from attending to your business?

Apply the power of leverage

Leverage involves employing the concerted efforts of so many people to achieve a goal. No one having financial freedom attained it through his or her effort alone. An employer creates financial freedom by harnessing the time, intelligence and energy of his employees. Therefore, in order to achieve financial freedom, you must create (or plug into) a business that operates on leverage.

Apply the power of duplication.

You duplicate your income when you have multiple ways of earning. Financial freedom can be quickly achieved when your income is constantly multiplying. You cannot achieve financial freedom if your income is constant or from one source.

Acquire financial intelligence.

As we all know, financial intelligence is not taught in school, as a result, to achieve financial freedom, you should be willing to unlearn whatever you were taught about finances in school and relearn real-life principles on wealth creation.

By having products people are willing to buy or services people are willing to pay for.

For you to experience financial freedom, you must have something valuable, which people need, to exchange for money. Wealth will only locate those who have value they can exchange for money. For as long as the needs of so many people are met through your products or services, you'll certainly experience financial frheedom.

Having seen some of the ways to achieve financial freedom, there are two things you need to know about it. First, you need to know that financial freedom starts from the mind. If you do not strongly desire it, you cannot achieve it. Secondly, it is not all ventures that will end up making you financially free.