Steps to Financial Freedom

STEPS TO FINANCIAL FREEDOM

1. The first of the steps to financial freedom, is build a network of distributors – To understand this, you must first understand the difference between employee, self-employed, and a business owner.  (For more information on this, visit Employee VS. Business Owner.)  Think of McDonalds, they don’t have one huge store that sells millions of burgers everyday, they have thousands of small stores that each sells thousands of hamburgers everyday and that is how they sell millions of hamburgers everyday.  For more information on building a network I recommend reading multi-millionaire best selling author Robert Kiyosaki’s Business of the 21 Century. 

2. The second of the steps to financial freedom, is reinvest in your business – Most people use their business profits to buy personal items and pay life expenses.  That is what your job is for.  Your business profits should be reinvested into your business to grow it and stabilize it.  This can be anything from actual business expenses such as office equipment or reinvesting in yourself through personal development whether it be a book, a class, or a seminar.  When your business produces enough extra profit you move to step 3.

3.  The third of the steps to financial freedom, is invest in real estate rentals (5 year process) – Real estate is the best investment according to Robert Kiyosaki (Your probably wondering why I reference him so much, well theirs a reason he’s made millions and hes helping a ton of people in an easy to understand way).  He has written some great books explaining the process of learning real estate investing and how you should give yourself 5 years to learn it.

4. The fourth of the steps to financial freedom, is let your business income pay for your lifestyle – Once you have enough assets that spit cash at you its time to enjoy life, and enjoy financial freedom!

The above steps to financial freedom have been drastically summarized and is only a snapshot to growing financially free.