Possible Initial Steps Towards Financial Independence

Possible Initial Steps Towards Financial Independence

What is meant by "truly wealthy"? The author defines it. There are a number of ways to accomplish this goal through passive income, but the best, most exciting, and most fulfilling one is to start an online business from the comfort of your own home. Professionals who run their businesses out of their homes can benefit from the advice provided. 

Everyone else does it, and I've been no exception. I just figure that the more I put in, the more money I'll make. Year after year, I would labor tirelessly for bosses who never showed any gratitude, all for a paycheck that barely covered my bills.

I was disappointed to find out after a few exhausting years that I was not making any progress. I attempted numerous other options, but none of them were satisfactory, so I resigned myself to the idea that I would have to abandon my dreams and live the typical American life: wake up, get stuck in traffic, go to work, come home, eat dinner, watch TV, and go to bed. 

But I couldn't shake the overwhelming need to keep digging. In my pursuit of an appropriate course of action, I attended seminar after seminar.

Finally, I came across an intriguing discovery in one of these seminars: the majority of the extremely rich do not really exert any effort whatsoever! Those who choose to define their own terms in life are the ones I'm referring to.

They appear to have complete control over their job schedules, locations, and employers, despite having all the money they need. The best part is that they have an abundance of leisure time to do everything they want: travel, spend time with their kids, garden, play golf, try out new recipes, and generally live life to the fullest.

Also, I picked up the word "leverage" the secret weapon of these multimillionaires that allowed them to get rich with very little work. All of a sudden, the definition of "wealth" clicked into place.

When you have "true wealth," you can do everything you want, anytime you want. For many of us, this represents the "financial freedom" that we so desperately need.

Also, your age is irrelevant when determining when you are eligible to retire. If you've worked hard enough to build up your savings, you can retire whenever you like.

Not necessarily 55 or 60, as we're all led to believe, but 30–35 or 40 can be the age when this happens. Some folks keep working well into their 60s and 70s because they simply cannot afford to retire.

Someone told me to quit "THINKING JOB." From our ancestors' age onward, we have been taught that getting a job is the most important thing you can do with your life. We put in long hours in the classroom to ensure that we will graduate with the grades necessary to attend college and, after graduation, to land a stable job. We put in long hours after we get our dream jobs in order to keep them and advance in our organizations.

Consequently, the rat race has ensnared all of us.

Some of us may be making a comfortable living, but we can't be considered "wealthy" since we can't do as we like, when we want.

Unfortunately, I've heard numerous accounts of wealthy employees who are unable to spend quality time with ailing family members because they are unable to take time off work to attend to their loved ones' medical needs.

Because their clinics would be closed, doctors couldn't take a well-deserved vacation without worrying about losing patients or money. 

All things considered, we all have jobs that need our attention. Getting RIDICULOUSLY WEALTHY and FREE is not even on our radar at the moment.

Since this is the case, I propose that you cease your thinking job effective now. A job would not lead to financial independence, as you should now be aware. Your efforts at work are being compensated monetarily. Would it be feasible to earn money with little to no effort? You couldn't be more incorrect if you said, "No!" Why? Because you're still considering the question, employee!

I have a suggestion for you: mimic the actions (or lack thereof) of the genuinely affluent. They put their knowledge of leverage strategies to work for them so that they can generate money even when they're asleep, occupied with hobbies, or on vacation in exotic locations like the stunning beaches of Malaysia or Hawaii.

Refraining from working for other people should be our initial move. It would be wise for you to get into business for yourself. That's not my intention! I don't mean to imply that you should immediately begin pouring money into opening a shop, factory, or other retail establishment; hiring staff; stocking shelves; acquiring necessary licenses and permits; etc. Taking care of this traditional physical business would require a lot of effort, but you would still have a "job" if you did this.

There are a lot of paths that the well-off are following, but you might not find one that works for you. Prior to selecting the appropriate one to mimic, you must thoroughly examine all of them.

The following are examples of well-traveled CONVENTIONAL routes:

Franchising 

It seems like a solid plan. If you want to get your firm up and running quickly, you may team up with large, respectable organizations. However, you will need to put a significant amount of money into the venture, and in the long run, you will still need to physically oversee the business. Your "job" is still there. Is this your desired outcome? My opinion is that it won't.

Trading in stocks, commodities, and options

Initially, this plan appears to be quite promising. A lot of people get rich trading. Statistics reveal that 90% or more of traders would meet with failure in the end, regardless of how many seemingly appealing tactics are proposed by hundreds of trading experts. Is this your desired outcome? My opinion is that it won't.

Investing for the Long Run

Maybe you should think about this. Success had come to many who had attempted this. We need to put a lot of money in up front, and we won't see a return for another five, ten, or even twenty years. Warren Buffett was able to wait ten to twenty years since he had the initial funds and sufficient resources. Will that amount of time be too much for you to bear? My opinion is that it won't. We would prefer faster outcomes.

What I mean is finding a way to "recruit" hundreds if not millions of "salesmen" who are ready to work for you nonstop. The nicest thing is that they're prepared to do it for free!

So that you can keep making money even while you're not physically there say, on vacation in Penang or Bangkok I'm referring to a system that lets you put your firm into "Autopilot" mode.

The technology I'm describing enables you to do your job even when you're 10,000 kilometers or more away from your usual location.

I'm referring to a method whereby one may generate income independently of substantial initial investment or original product development.

I'm referring to a method that enables individuals who despise marketing to achieve sales levels that surpass their wildest dreams.

Yes, I'm referring to the work-from-home, pajama-clad, internet-based enterprise. Additionally, I highly suggest that you begin by selecting the "Affiliate Programs" option.

Become an associate member of an existing program; it's the simplest method to start an online business. Within a week or two, you'll have your very own website (typically at no cost to you), and you'll be ready to go online. When you sell the products of the program owners, you get a commission.

Electronic books (eBooks) and software in a downloadable file format are examples of the types of information goods that fall into this category.

It would be free to make copies, upload them online, and sell them again and again. Shipping and delivery are not included in the price. This is why affiliate program owners typically offer generous commissions to their affiliates, often 50% or even more.

In the future, I want to meet you online. Prepare yourself and begin working in your pajamas tonight to embark on the thrilling path to becoming genuinely wealthy and financially independent!