Written by Adam Fischer Last updated: November 09, 2021
My purpose is "to see people live free!" I have spent much of my time and resources on helping people find financial freedom. I was recently thrilled when a young person asked me how to achieve financial freedom. This was a milestone. The young man was a freshman in high school and he could have asked me anything, but he asked the most important question... "how do I achieve financial freedom?"
My answer might surprise you. I gave him five-pointers. They were as follows:
Discover your Purpose
I am a firm believer that people in the finance sector don't talk enough about purpose or branding. The people who are most successful have built a brand that defines them and supersedes their profession or portfolio. Money follows value. The moment you discover your value proposition is the moment you begin your journey towards financial freedom! Branding is the missing ingredient and one of the reasons that I don't follow traditional financial experts. Asking the question who am I might very well be the most important question of your entire life. The pursuit of being uniquely you is of the utmost importance. Don't just live! Be you! The world needs you!
Become Resilient
Resilience is another missing ingredient in finding financial freedom. The definition of resilience is "the ability to withstand or recover quickly from difficult conditions". Why would anyone want to go through difficult times? The truth is that hard times create strong people. I don't want anyone to suffer, but I have learned that trials and hardships do teach us the most about ourselves and the world around us. I applaud you if you can avoid hardships by learning how to avoid them, but I doubt it is possible. The true success of a person is can they get up from being beaten down.
Get Educated
Learning is essential to growth. The more we learn the more we grow. I was astonished when I got into finance and realized how much people don't understand finances or money. It was also astonishing to me that people in the industry didn't research things themselves. I remember being in a meeting and talking about the future of digital money, digital finance, and digital assets and I was laughed out of the room. Several years later we see the rise of Bitcoin, cryptocurrencies, and DeFi. It is important to be educated and to understand ideas. Most people go through life without pursuing education. The word education might even conjure up ideas of an institution of higher learning. Learning doesn't have to be college or higher learning. It can simply be pursuing new ideas, researching topics, and even finding a mentor who will teach you from their mistakes and successes.
Begin to Market Yourself
The moment you master marketing you have mastered the world around you. I have seen people create great businesses and organizations. It takes a lot of hard work and devotion, I admire people who can do that. I encourage people though to build a brand instead or at least first. The moment you build your brand, you have found what it takes to supersede building an organization. Companies and organizations come and go but your brand will last forever. When you know who you are, you can adapt to the world and circumstances around you. That was the first piece of advice I gave the young man. I doubled back around because it is important to know who you are so you can begin to market yourself. No one else will sell you or market you. Only you can do that. If you learn to become a good salesperson or good at marketing it is priceless. You will begin to truly master the world around you.
Focus on Assets and Cash Flow
Most people focus on budgeting and expenses. I think that's foolish. You need to rethink finance. I don't focus on budgeting or expenses. I focus on acquiring more assets having a cash flow plan. What's a cash flow plan. The plan is more about executing income planning vs. expense budgeting. It is a different way of thinking and one, which is more freeing. Feel free to contact us to learn more.
Final Thoughts
Once you master these four-pointers you will begin to truly become more aware of how to become financially free. The final piece will help you master the exchange of value concept. Once money comes in your then need additional education to simply know what to do with the money coming in and how to allocate it correctly. You will need to revisit the third point often as education never ceases.
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