1) The struggle for Financial Freedom is very unfair. Just look at the rewards.
You ought to experience freedom once to realise what I mean by the deal being absolutely unfair. If you have experienced it once, you will find the struggle towards Financial Freedom so minuscule.
Recommended Read --> Two different lives
2) You must tell your money how you want to live your life, and not the other way round.
Stop working to earn money. This is the worst trade off you can do to your time. Time is your biggest asset. Make your money work for you, and spare out your time for yourself, your family and friends.
Recommended Read --> Time is the only currency
3) When you know the impact of little expenses, you will realise that there is nothing little in this world
A penny here, and a penny there - seems such a small thing to worry about. But remember that a penny saved is a dollar earned, and earning a dollar is not easy my friend.
Recommended Book --> "The Small Big"
Recommended Read --> Two simple and powerful money saving tips
4) Stay in your bed as long as you want. Your money just left for work.
Freedom brings choices in your life, because you just deputed someone else to work for you - your money. Save, invest and compound your money, until it starts delivering more than your salary or any other source of active income. And then stay in bed, or fly towards your dreams - your choice.
Recommended Read --> Its time to fly
5) To achieve what 1% of the worlds population has (Financial Freedom), you must be willing to do what only 1% dare to do..hard work and perseverance of highest order
Yes, the journey towards Financial Freedom is going to take effort and hard work. It is going to take discipline. It is going to take commitment and sacrifice. It is going to take courage and dreaming. But who said anything worthwhile comes easily.
Recommended Reads --> Dream On Stories
Recommended Book --> Dream On
6) You don't have to be like most people around you, because most people never become truly rich and wealthy.
There is no need to show off your wealth. Use it to help you get richer rather than keeping it busy to show off to the world around you. Break your comfort zone, stop giving excuses, dare to dream big and start working.
Recommended Read --> 5 Reasons why everyone will never get rich
7) Do not focus on earning money. Focus on the problem that you can solve for the world. Money will follow you as a bi-product
Help people achieve what they want, and you will get what you want. It is simple. Do not push yourself towards money. Go and see how you can help and solve the problems of the world. Money will be pulled towards you.
Recommended Read --> Jack Ma of Alibaba - A Dream On Story
8) Life Insurance is a mitigation to the risk of your life. Financial Freedom is the name for the product which provides you to the mitigation to the risk of living your life.
We are always ready to die. We have a life insurance policy. We also have a registered will. We are all set. How about living your life before you die? Sounds a good idea? Then, go and chase your freedom first. Life cannot be lived without financial freedom.
Recommended Read --> 3 Corners of a fulfilling life
9) You can make excuses and earn sympathy OR you can make money and earn admiration. The choice is always yours.
You are facing a tough time. Every dreamer does. This time is not to be avoided but to be used to strengthen your resolve, to concretise your dream.
Recommended Read --> Jyothi Reddy - A Dream On Story
10) You do pay a price for Financial Freedom, but it is far lesser than the price you pay for a lifetime slavery.
Work hard. Find multiple ways to earn and save and invest wisely. It will need effort. But that is no price compared to what you pay otherwise.
Recommended Read --> 7 Income Streams of most Millionaires
11) Saving is a great habit, but without investing and tracking, it just sleeps.
It is a great habit to save. But it is just the first step. If you are only saving, and not investing and tracking your money, it is going to be very difficult to beat the sticky inflation. Your money will sleep like a rabbit and the inflation tortoise will win the race.
Recommended Read --> Free online tracking of Income and Expenses
12) When it comes to compounding, do not trust your intuition. You have no idea how powerful it is.
We have all studied this concept of Compounding in our primary classes. We may remember the formula as well. But we always missed was to realise its immense power in the real world. Do not try to guess it, because I do not think you can.
Recommended Read--> Amazing Power of Compounding
13) Your expenses will rise to meet your increase income, unless you are on a specific mission.
Keep getting salary increments. Keep hopping jobs. Your expenses always seem to be sticky. They keep catching up with your income. And that is what happens with most people around us - unless they are on a mission towards Freedom.
Recommended Read --> Life Vitals : Mission, Goals and Strategy
14) Financial Freedom is less about Financials and more about Freedom
Some people feel it is all about leaving your job to open a new business. Some feel it is just to get away from the dud routine monotonous job. Financial Freedom has very less to do with Financials and a lot do with Freedom. Financial Freedom is not the end goal. It is just a means to start working towards your dreams.
Read on --> Financial Freedom and its misinterpreted facets
15) I live, eat, spend, travel, support a family, entertain.....but I do not go to work. There is something wrong. My nest egg just keeps growing.
Actually, there is nothing wrong. It is just that the 8th wonder of the world is at work. It is popular by the name of Compounding. It is truly magical how your money keeps growing after reaching a tipping point.
Recommended Read --> How powerful can Compound Interest be?
16) Your assets are your employees. Invest more on those performing well. Let the non performers go.
It is simple. You are a CEO of a company. Your Assets are your employees. You have assigned them a task - to earn money for you. God performers must be rewarded with more investments. Give a chance to non performers to improve, else they must be shown the way. Take charge of your money. Take charge of your life.
Recommended Read --> Your Assets are your Employees
17) Money is not everything, but is probably just second to Oxygen.
Yes, Money is not the end purpose of life. But Happiness is. And Money can surely hep you buy happiness. It can help you do things which can potentially elevate so many lives around you.
18) Rich people have small TVs, small cars, but big libraries.
Do not spend, rather invest. Invest your valuable time with the best in the world. Read or listen to their views, improve your thinking process and see your destiny getting changed.
Recommended Read --> Why you should read books like mad
Cheers
Manoj Arora
Official Website | My Mission
Life elevating books :
From the Rat Race to Financial Freedom | Happiness Unlimited | Dream On
Manoj Arora
Official Website | My Mission
Life elevating books :
From the Rat Race to Financial Freedom | Happiness Unlimited | Dream On
Very great post. I simply stumbled upon your blog and wanted to say that I have really enjoyed browsing your weblog posts. After all I’ll be subscribing on your feed and I am hoping you write again very soon!
ReplyDeleteCheers !
DeleteThe topic highlights only one important issue of every bread earner's life.
ReplyDeleteMaking lessons out of this topic is as important as oxygen is for our life.
Believe me it is not for rapid reading.
Spare enough time for in depth study of each quote by going thru.related post
You can not deny your family the fruits that you can achieve out of knowledge from this blog post.
All the best
DR RAJNIKANT GAJJAR
BHARUCH
Cheers Rajanikant, my friend !
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