What Is Your Financial Freedom Point?
I used to think that the term “financial freedom” meant having millions of dollars until I read “Rich Dad, Poor Dad”, a book written by Robert Kiyosaki. In this book, Kiyosaki coined a new definition of “wealth”. According to Kiyosaki, “wealth” equals having enough monthly passive residual income coming in to pay all of one’s monthly bills and have money leftover.
After I read this book and discovered this new definition of “wealth”, it changed my thinking of “financial freedom”. No longer did I look at “wealth” or “financial freedom” as unattainable to the masses of people. I began looking at “wealth” and “financial freedom” as amounts of monthly residual income that anyone could achieve to be able to pay one’s monthly bills and have money leftover.
For some, wealth and financial freedom, using Kiyosaki’s definition, equals $3,000.00 per month. For others, $10,000.00 per month. It also helped me to begin looking at monthly financial freedom points in terms of daily sums of money, not just monthly sums of money. When I began looking at wealth and financial freedom in terms of daily sums of money, I discovered that to have $3,000.00 per month in passive residual income equals $100.00 per day. $10,000.00 per month equals $333.00 per day.
Often I read about someone in network marketing earning a 6-figure annual income. What is required to earn a 6-figure annual income with a home business? The answer is: $274.00 per day.
And, so I started upon my journey to create monthly passive residual income to be able to pay all of my monthly bills and have money leftover. What is your financial freedom point? How much passive residual income do you need to earn to be able to pay all of your monthly bills and have money leftover? Is it $100.00 per day? $200.00 per day? $500.00 per day? Whatever daily sum you need to earn to achieve financial freedom, start by earning $1.00 per day. Then, $5.00 per day. Then, $10.00 per day. Then, $100.00 per day. And, continue expanding your business until you achieve your financial freedom point.
To Your Success,
Stephen Porter (Google Me-QAlias)
