Financial freedom : a term that became fashionable a few years ago and that more and more people want to achieve. Below is the guide to freedom or financial independence for beginners.
If you would like to have a source of income that allows you to live from it without having to work for others for 8 hours a day, this post is for you.
What you long for is called financial freedom or financial independence and what you are about to read, I can change your life or at least your way of thinking forever.
But let's start at the beginning and see what financial freedom is.
What is financial freedom?
Financial freedom or financial independence is defined as freedom in economic terms , in such a way that the person who is financially free, does not depend on anyone to earn money , how an employee, or their income depends on an investment of time to money exchange.
I give you an example.
A person who works as an employee in any company, needs to invest 8 hours a day of his time in exchange for a salary. This person does not have financial independence.On the other hand, a person who has several commercial rents that he rents for a monthly fee, can afford the luxury of living without worksince he has enough income with the rents to live comfortably without worries. This person does have financial independence.
The income obtained when you are financially free is called passive income, and a little below I will explain what they consist of.
Financial freedom according to Robert Kiyosaki
The term freedom or financial independence began to be used in a generalized way following the publication of Robert Kiyosaki's bestseller , Rich Father, poor father.
In the book, Robert describes the two types of people that exist, financially speaking: those who are satisfied with investing their time in exchange for money (any job) and those who work in a source of income that allows them to enjoy freedom of schedules while your income continues to be generated.
By the way, if you are interested in the book Rich Father, poor father of Kiyosaki , you can buy it here: Rich father, poor father .
Formula for financial independence: Passive income
There are several types of income , but undoubtedly the most striking are the passive income , as they do not depend on your physical presence or work in an active way so that these are generated.
When an income is active, it depends on your physical presence or your active work to generate it. If you go to your work the established schedule, you receive a salary at the end of the month.
When an income is passive, it is generated continuously, whether or not you are present, and are working on it, traveling or sleeping at night. If you have a blog on the Internet where you sell a course, sales are generated at any time of the day, no matter where you are or what you are doing.
Passive income is not income that is generated without doing anything, to live on the story , as some suggest, but you make an initial investment of time and work and then get the benefits, which last over time, despite the fact that you do not continue working on them.
Examples of passive income
- Write a book or eBook and publish it on Amazonto make a profit for the rest of your life.
- Rent a home or a commercial low obtaining a monthly amount established with the person who rents it.
- Banking interests or investments in the stock market , where your money grows and multiplies.
- Upload photographs to platforms on the Internet where you get a small amount of money every time someone buys it.
- Create a plugin or a program that you sell on the Internet and get benefits from its sale.
- Create digital products (infoproducts) that are created in their initial moment and then generate great profits with their sale.
You have more example of passive income in this post: Passive income
How to achieve financial freedom. Beginner's guide
1. Financial independence is a right
Wanting to be financially free is something that you can achieve and that you are entitled to obtain it.
You are not stealing anything from anyone or stopping doing your job as a citizen of this world if you decide to achieve financial freedom.
Achieving financial freedom is something that is available to everyone , but very few get. Most people sadly do not even think about it.
2. Time = money
Most people sell our time in exchange for a monthly salary amount. You receive X money per hour worked. The problem with this is that these revenues are not scalable, that is, even if you work more hours, your income usually does not increase and you keep charging the same.
Even if you stay 3 hours more in the office each day, your salary will remain at € 1,000 per month.
The idea that you have to understand is that in order to achieve financial freedom, you need to invest your time initially in a method that by becoming your source of income, these income will last over time without the need for you to continue investing your time to obtain said income.
3. Generate your own source of income
To achieve financial freedom, you need to depend solely on your own source of income, and no one else's.
You can not have such freedom if it depends on whether another person hires you as an employee, if you decide to raise or lower your salary, if you really like or not so well ... if you depend on other people, you are not 100% the owner of your life and you do not have the freedom we are talking about.
The idea we are talking about is to create an income stream that works 24 hours a day , 365 days a year, without the need for you to be present or have to be actively working at the moment the income is generated .
A good example of how it can be achieved is with the creation of infoproducts .
The infoproducts are digital products with information on any type of subject. In them you can offer a type of guide to solve any type of problem and it can be in different formats: Pdf, audio, video, webinar ...
Creating your own infoproducto is the ideal method to achieve scalable and passive income thanks to your knowledge on any type of subject. You make an initial investment of time and work to create your infoproduct and then receive profits every time someone buys your product.
A good example of this is Dean Romero from Blogger3cero.com . After the launch of his online SEO course , he has managed to generate more than € 50,000 ... in a single month!
If you want to learn more about how to make money creating your own infoproducto, take a look at this Agustín Grau course .
4. Passive income = financial freedom
I've already talked a little bit above what passive income is, or how these allow you to achieve financial freedom.
You need to make a job or investment of time or money to get this income to last over time, without the need for you to continue working.
Passive income allows you to have financial freedom, freedom of time and geographic freedom since these are generated wherever you are. This is the reason why many people who want to live traveling, decide to create a blog for this to be their source of income.
5. Use of leverage
Leverage is essential to achieve financial freedom.
A lever is a mechanism that allows you to multiply the results of your work or effort.
A good example of leverage is when you get visibility on the Internet with a blog or a web page. With the work you do to publish a post and position it in Google, you can exponentially multiply visits to your blog and therefore your visibility.
6. Use of networks
The method that many successful entrepreneurs have used to achieve financial freedom is the use of networks.
If you dedicate yourself to selling, on your own you can get 10 monthly sales, but if you have a network of 10 sellers, it is normal for your sales to multiply.
The use of networks is ideal to obtain financial independence.
If you have a blog where you sell an infoproducto, you will get many more sales if you have an affiliate network (each with its own blog) that are dedicated to recommend your infoproducto.
7. Have a clear objective
I think that in this case you should be clear: Your goal is to achieve financial freedom , so you must stick to that goal.
If you do not have a clear objective, you will not get anywhere.
Having clear your objective, you can analyze and choose what will be the method to use to generate passive income, and how to develop it so that it works and allows you to achieve the desired financial independence.
There is a phrase that I love:
8. Training is important
It is very good that you want to be free financially, but if you do not know what you must do to get it, you are condemned to depend economically on other people and your investment in time for the rest of your life.
If you want to generate passive income, you have to be clear about the methods that allow you to generate this type of income.
For this reason, training is important, since it allows you to obtain the necessary knowledge to not waste more time. Remember that time is money.
Do you want to learn about methods to generate passive income?
You can already do it with the course 100 passive income of Agustín Grau .
A course in Pdf and audio format that will take you on the right path to achieve your financial freedom.
Also, now you can take advantage of the discount coupon that Agustín has offered me exclusively for the readers of my blog.
The price of 100 passive income is € 89, but now you can buy it with a discount of 60% for only € 35.60 . What a deal!
