What if you could choose to stop working a 9-to-5 job in 10 or 15 years? This way you can enjoy your healthiest years with your loved ones to do whatever you wish!
You can even keep working if you want to, but that will be YOUR CHOICE and not because you HAVE TO.
Financial Independence grants us OPTIONS and FLEXIBILITY. We weren't created to work, pay bills and die.
Here are four simple secrets to achieving Financial Independence (FI):
1. SPEND LESS THAN YOU MAKE.
Someone who earns $100,000 and spends $100,000 is still broke.
You will always live paycheck to paycheck and never achieve financial independence until you change your spending habits. Maybe this means creating a budget, maybe not.
But you have to pay attention to where your money is going.
I suggest downloading an app that tracks your spending and your net worth. My favorite financial app and website is Mint. It's Free.99 and helps you track all of your accounts in one place. You're welcome!
2. CRUSH HIGH-INTEREST DEBT.
189 million of us are drowning in debt. US consumer debt is up to $16 trillion. Yes, TRILLION!
High-interest debt, like credit cards and auto loans, drains your bank account and your energy. When all you do is pay minimum after minimum, you will never make progress because the interest rates won't let you. But there are strategies to accelerate this process and put money back in your pocket where it belongs.
But one big myth is that you have to be 100% debt free to start investing. I do recommend paying off credit cards but if you have a plan to pay them off in 2 years or less, you should also start investing. Because your greatest asset is TIME, not money.
It took me 4 years to pay off all my consumer debt. If I had waited to invest, I would be starting with nothing at 32 years old. Instead, I built a six-figure investment account while paying off my debt. This one account alone will grow to millions by the time I retire.
3. PAY YOURSELF FIRST.
If you ask yourself every month "Where did my money go?" it's because you're putting everyone else's needs ahead of yours. You work for your money so you deserve a piece of it too. FI turns this on its head and makes you the priority. You tell your money to go into your pockets first (savings, retirement, etc.) and then you pay everybody else. This is how you not only make money but you KEEP money.
4. INVEST EARLY AND OFTEN.
This is where FI takes off. Once you’ve mastered your money it can now work for you. You can invest in the stock market where your money can grow passively. But the stock market is complicated and we're not day traders! Thankfully there are these collections of stocks called index funds and ETFs where you don't have to choose individual stocks because you'll own a piece of the ENTIRE STOCK MARKET.
And guess what? The cost of investing in these is minimal. That's why you don't hear much about it. Because they're not big money makers for the investment brokers.
Use my Wealth Building Cheat Sheet to learn more investing terms all investors know.
SO, WHAT'S NEXT?
How do you implement all of these steps into your everyday life without getting overwhelmed? That's where I come in!
If you're finally ready to start taking action and building the life you deserve, then it's time to start learning how to invest. This is how you change your life. By making your money work for you like it's an employee.
Are you ready to learn how to do this?
Great because I have a FREE masterclass that will get you ready to start your journey: CLICK HERE TO RESERVE YOUR SPOT NOW
There's a LIVE Q&A after where you can ask me anything and if you attend live you'll get a free guide to calculate your freedom number!