Not a lot of people end up living the life of their dreams. Often money and life gets in the way and they miss out of living the life they knew they always wanted. I want to share with you some of the best tips on how to follow your dreams the easy way. So you can achieve your dreams, without everything else getting in the way.
The number one reason that people give up on their dreams is money. Most people give up on their dreams and settle for the fact that they have to go to work so they can put food on the table and a roof over their head. Has this affected your ability to go after your dreams? I bet it has to some extent.
But imagine if money wasn’t an issue. Imagine if you could put food on the table for your family whether you worked or not. If you could then you would have all the time you wanted to go after your dreams, and a lot less stress of “If I fail we will be broke”.
Being able to put food on the table whether you work or not is called financial freedom. It is where your passive income (income that you don’t have to work for) is greater than your expenses. So you can live indefinitely without ever having to go to work for money. This means you would have the free time to follow your dreams. Most people retire at 65, even though they are not financially free. However, it is possible to become financially free earlier and have the time to enjoy the rest of your life.
Becoming financially free is not rocket science, but it does require a different way of thinking. Most average investors invest because they want to make a lot of money. They will buy investments that cost them money each month because there is the promise that it will go up in value and when they sell it they will make money. The problem with this is that you are tied to your job just to pay for your investment. In order to become financially free your investments should be enabling you to work less and less, not requiring you to work more and more.
The key to success here is to use your money to purchase assets that put money in your pocket on a regular basis. An example of an asset is a rental investment property where the rental income is more than all of the expenses. For example if you had a rental property and it brought in $1,000 per month in income, and cost you $800 in expenses, you would be making $200 per month. Assets that generate a monthly cashflow often need to be created, they don’t just exist. But the best thing is that anyone can learn the skills to create assets that generate passive income.
Anyone can start a business in their spare time. The important thing when starting a business is to keep in mind that your goal is to be financially free. So structure the business so that eventually it can run without you. Or maybe focus on using your business to build capital and then using that capital to invest in other assets like positive cashflow property.
If you want to follow your dreams the easy way then financial freedom is the first step. It removes the worry of having money, and needing to work to put food on the table. It frees your time and your mind so you can focus whole heartily on your dreams and what you want to achieve. If you can remove the number one obstacle stopping you from achieving your dreams then you have a great chance of success.
Becoming financially free in just 5 years is possible for anyone. It doesn’t matter what your current financial situation is, you can become rich and never have to work again in just 5 short years. You don’t need a high paying job or a get rich quick scheme, you just need real training on creating real strategies for getting rich.