Monday, November 23, 2009

Being Rich or Being Financially Free

My thoughts today are inspired by Robert and Kim Kiyosaki. They talk often about financial freedom. Most people just want to be rich. Who wouldn't you ask? Well I propose that being free is better.

Being rich sounds great. We all want to be rich. Many people are rich but only on paper. Their time is not their own. If they don't get up and go to work, they don't get paid. They may have a "great job" with a big salary, but what happens if they stop working? They don't get paid. This means that they are just as trapped in the Rat Race as the poor and middle class. It's just that their cage is prettier and filled with nicer things. Robert Kiyosaki calls it the "chicken coop". The bird in the gilded cage is still caged. Unable to control their time, still trading hours for dollars. No work, no money. However great their career,, it is still just a J.O.B.(just over broke). They may have more means, but they are still living too close to the edge.

What I have learned and continue to learn is that the real secret is building financial freedom. Cashflow is king. Learning how to generate cashflow whether you get out of bed today or not the goal. This is called passive income.  Building assets that work for you even when you are not working. Sounds easy enough? Maybe. The first step is learning the difference between an asset and a liability. Once you understand this, then you have the foundation on which to build.

The next step that I encourage everyone to take is to pay yourself 1st. Both Robert and Kim Kiyosaki talk about this in their books. They recommend setting up 3 accounts: Saving, Tithing and Investing. Place an equal amount into each column every time you get paid. Make it an amount that is just outside your comfort zone: too little and you will not notice the benefit, too much causing financial hardship. By doing this you are not only building your assets, but you are also learning self discipline that will serve you well in any business endeavor you choose.

Money is a tool that can be used to better yourself and the world you live in. Creating passive income  and financial freedom is not something that happens overnight, There is no get rich quick scheme. It takes time, commitment and discipline. The most important requirement is knowledge. Seek to learn something new each day. Read a book, listen to a CD, watch a video. Whatever works for you. There are vast resources out there for those willing to seek them out. Most of all, enjoy the journey and the wisdom it brings.

If you are looking to improve cashflow in your life and are ready to take the journey toward financial freedom  request your free DVD here: http://www.amazingcashflowsecrets.com



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