| | What is Financial Freedom? (Part 1) | Dear Reader, | No matter how much money you make, you need to change your mindset to be truly free | Financial freedom is about much more than just having money Having the right mindset is how you truly define your financial freedom Being rich doesn't make you financially free
| Oftentimes, people will say things like, "If I only had a million dollars I'd be financially free," or "If I only had that high-paying job, all my money problems would be solved." | The problem with statements like these is that they assume having a lot of money is what leads to financial freedom. It does not. You can have a lot of money and still be poor. | Get Your Cash Flow Secret Before It's Too Late Inflation and economic upheaval threaten your hard-earned wealth. Equip yourself with cash flow knowledge that shields you in uncertain times. If you missed the download, here's another chance. [Click Here to Download Your Free Guide] | You can have a lot of money and still not be free. | Take famous people like Ed McMahon from "The Tonight Show" and Nicole Murphy, the ex-wife of actor Eddie Murphy. Each had millions of dollars and lost it all. Nicole Murphy spent her $15-million divorce settlement in less than four years. And towards the end of his life, Ed McMahon faced foreclosure on his Beverly Hills home and owed $747,000 in credit-card debt. | It's not just a really rich person problem, either. We often think a certain amount of money will provide financial freedom, but we're often dead wrong about how much we really need. | Take for example, the article: "The Poor Mindset of a Millionaire." As written then, "The USA Today reports that at least 37% of Americans believe they'll need at least $1 million saved up in order to retire safely." The problem with this is that a million bucks only lasts around a couple decades in many places. And in the state of Hawaii, it only would last 11 years. Without knowing how to put that million dollars to work, many people would run out of money in their retirement well before they passed away. | How most people define financial freedom | Most people define financial freedom as having enough to retire. They work hard all their lives, putting money in a 401(k), and like mentioned above, they hope they can make their proverbial million dollars or whatever number they have in their head. | Oftentimes, because they will not have steady income outside of their savings and investments, these people are advised by their advisors to cut back their expenses in retirement and live below their means. | They work hard all their life, but instead of enjoying the fruits of their labor, they're forced to decrease their quality of life instead. It just doesn't make any sense, and it certainly doesn't feel like financial freedom. | The reality is that financial freedom is not about how much money you have. Rather, it's about a change in your mindset. | Rich dad said, "There are two kinds of money problems. Not enough money, and too much money. Which type of money problem do you want?" | Regards, | Robert Kiyosaki |
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