Craving For Financial Freedom
By Dinar Wiria-Atmadja
Have you ever felt trapped in a Rat Race
and wished to retire quickly but rich?
Have you ever felt that you are spending
way too much time working with your boss
at your office instead of with those you
love? Your spouse, children, friends?
Have you ever felt frustrated because you
are so deep in debt that you think you won't
be able to retire because as soon as you
do, the money will stop coming and thus
you won't be able to pay off your mortgages
and credit card?
Have you ever felt that you have no control
over your life anymore in terms of time?
Think about it: can you take a vacation
just anytime whenever you want/ need it
and as long as you want/ need it?
Have you ever wished that you can work
whenever you want and wherever you want?
You are not the only one!
Too many people are trapped in a Rat Race
because they have to. There are too many
bills to pay, and too many dreams to fulfill.
To them it seems that there is just no way
to quit their job and enjoy life, travel
and see the world with their loved ones.
Most people work because their bills tell
them to, not because they really love to
do it. Most people enslave themselves to
their debt or job, because (they think)
they have no choice.
This is when the craving for achieving
financial freedom come in.
Freedom to choose when to work, without
worries about income cuts. Freedom to spend
more time with your loved ones, without
worries about your employment or your boss.
Freedom to take an expensive vacation, without
worries about retrenchments thereafter.
Freedom to do what you like, instead of
what you've got to do, without worries about
whether or not what you like generates enough
income for you.
If you seriously crave for financial freedom,
finding a better job with a higher paycheck
is not going to work. Higher paychecks would
usually mean more expensive lifestyle, more
needs, more mortgages you THINK you can
afford, more responsibilities thus more
working hours and more time to spend at
the office instead with your loved ones.
And there is always the same problem: as
soon as you stop, the money stops.
If you understand this, you will come to
see that financial freedom is not measured
by how much money you make by working, but
by how long your money can support your
normal lifestyle when you stop working.
And financial freedom is definitely not
about accumulating abundant riches. It is
about a golden chance to live abundantly!
Imagine! With financial freedom, you will
have more quality time to spend with your
family and friends. You will have more control
over your life to do whatever you want,
whatever you love, whatever you're passionate
about. You will be able to give more, help
others, make your part of the world a better
place to live! You will be able to spend
as much or as little time with your business
as you choose. You will be able to come
and go at will.
What a great chance to live abundantly!
Is craving for financial freedom realistic?
Yes it is. It is not impossible to achieve
it. Ordinary people have achieved financial
freedom. They may not have their own luxurious
yacht, but they have the time and the money
to take their family on an expensive cruise
to the most expensive spot on earth.
There are basically only two fundamental
things ordinary people have known for decades
to achieving financial freedom:
1. Manage your time and money! Time and
money are the only two factors that keep
people from achieving financial freedom.
To duplicate the success of people who
have reached financial freedom, you do not
need to have self-confidence, super intelligence,
high education, great luck, hard-work or
great career path. Although those are all
good characteristics, they are not fundamental
to achieve financial freedom.
All you need is a good time and money management,
which would also result in high productivity!
Invest your time in creating extra money
that you can later invest. You can do that
by taking up a part-time job or working
As soon as you have more extra income,
be a responsible manager of your own money!
Live less than your income so you can start
investing. It is from investing in a business
that will one day generate income for you
and sets you financially free from having
to work for a living.
As much as possible avoid borrowing money
for anything at all. I believe everybody
has been taught about the negatives of being
in a debt, but very few have been taught
to consider the benefits of being debt-free.
By being debt-free, you will have more
money to invest. Ask yourself this question:
how difficult would it be to create an extra
$1,000 a month by cutting expenses and by
investing the money you normally use to
pay your debt?
2. Start investing in your own business
to create passive income! Passive income
is income which requires little or no work
at all. The example would be writing a book
and get paid forever on it, traditionally
investing huge capital or starting your
As a passionate home-business owner myself,
I believe that having your own home-business
is by far the most powerful way to create
passive income. It takes only small start-up
capital and you will have extra tax benefits.
It is easier to generate passive income
by having your own business than by traditionally
investing. If your goal was generating $40,000
annually you would need $1,000,000 to invest
at 4% interest. Very few people have this
much start-up capital.
But there are many ordinary people who
have become home-business entrepreneurs
and generated $40,000 annually by investing
very small capital.
Finally, quoting Robert Bolton, "A
belief is not merely an idea that the mind
possesses; it is an idea that possesses
the mind", the idea that even ordinary
people like you can achieve financial freedom
should possess your mind and you will not
Dinar P. Wiria-Atmadja is the owner and
writes for FinancialFreedomAwaits.com, helping
families and individuals achieve financial
freedom in years instead of decades.
Article Source: http://EzineArticles.com/