Financial Freedom: What It Takes To Achieve Financial Freedom

by Samuel · 23 comments

Everybody wants to live a down to earth life, I mean a life  full of fun, and no one wants to be on the 9 to 5 track. Nobody love to see the downside of life, that’s why every soul on this earth is trying to break through so as to live the kind of life he or she wants.
It’s everybody dream to have the financial freedom. Where you will be in control of your money and you will live the type of life you want, where no boss will be controlling your precious life.
The everyday struggle is not a friend to the body, living the rat race life is not hygienic to the soul, that’s why it is important for you to start working on how you can achieve the financial freedom and stop been trapped in the rat race. In this post I will be talking on what it takes to achieve financial freedom.
What it takes to achieve financial freedom will be highlighted below:
Mindset:
To achieve financial freedom in this life, you must change your mindset! Be a positive thinker and don’t be a negative thinker. If you are the type of person that do think that it’s not possible to achieve financial freedom then it won’t be possible but if you think that Yes! It’s possible to achieve financial freedom then it’s possible.  If you cherish luxuries first you need to put at the second position because in other for you to achieve financial freedom you must cherish assets first, assets buy luxuries. Those people who had achieved financial freedom do cherish assets first, because they know that assets buy luxuries. So change your mindset, developing the right mindset towards your goals will help you break new grounds and it won’t make you lame. So be positive try to develop the right mindset for yourself.
Take Risk:
If you want to achieve your financial freedom you must be willing to take risk! Be a risk taker, if you don’t love taking risk then how do you want to achieve your financial freedom? Top billionaires do take risk and if they had decided not to take the risk they won’t be called billionaire’s of today. Life itself is a risk if you don’t know. Taking risk is part of the game, so in other for you to succeed you must be willing to take risk.
Know The Laws Of Money:
Yea it is very important to know the laws of money! If you don’t know the laws, how do you want to achieve your financial freedom? Knowing how money works will help you achieve your financial freedom in no time.  Understand how money works; learn how to save at least 10% out of your income to build an asset. Overspending is a disease, am not saying that you should not spend but know what you should spend your money on. To me I think spending money on things that are important is the best other that spending money on things that don’t worth it. Save your future by spending money on building assets and not liabilities.
Know Who To Seek Advice From:
In other for you to achieve your financial freedom you must know who to seek advice from. Seek advice from people you know that they have achieved the financial freedom and don’t seek advice from amateurs that are still in the rat race. Seeking for advice from amateurs will bring no positive effect to your life; it will only make you remain stagnant.  Meet people who are in the game, so that they can put you through, they will serve as a mentor to you. Those people who had achieved their financial freedom have reference; they have people who they lean on. So I urge you to seek advice from professionals that has climbed through the cliff of journey to financial freedom.
Set Goals and Aim High:
If you want to achieve financial freedom, you must set achievable goals and aim high. Set goals that will help you, am sure you want to quit the rat race why not set goals that will help you in your journey to financial freedom,  failure to do so will keep you 6ft under the ground; I mean you will not get to where you are going in life. So in other to achieve financial freedom you must set achievable goals and aim high. If you can’t then am sorry you can’t achieve financial freedom.
Education:
Yeah, to achieve financial freedom, you should first of all invest in its education I mean you should learn about financial freedom and you don’t just embark on the journey to financial freedom without investing in its education.  To learn about financial Freedom, you can visit the library for books on financial intelligence or buy books that focus on achieving financial freedom, whichever one you would love to do. I will recommend you to read Rich Dad Poor Dad by Robert Kiyosaki, Rich Dad’s Retire Young, Retire Rich by Robert Kiyosaki and Multiple Streams of Income by Robert G Allen ( not an affiliate link).Reading all this does not mean you don’t need to learn more, you need to keep learning no one is a highland of knowledge and that’s why I said you should also learn from those that have been in the financial freedom world.
Overcome Obstacles:
If you can’t overcome obstacles in your life then I don’t think you can achieve financial freedom. Obstacles are elements that draw back a man; it won’t encourage a man to get to where he wants to be.  So for you to achieve financial freedom you need to know how you are going to overcome obstacles in your life so as to achieve the financial freedom.
Speak Your Mind!
What other things do you think it takes for someone to achieve financial freedom in life? Please feel free to comment below and don’t forget to share this post with your friends around the globe. Thanks a lot.

Image Credit: Wealthy

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{ 22 comments… read them below or add one }

Lye Kuek Hin October 14, 2010 at 1:30 pm

Hi Samuel,

Great post on tips to achieve financial freedom. I think the most important thing is to free of financial burden. Make sure you don’t have any outstanding debts. Without financial burden, we will be able to live a life full of financial burden.

Thanks for sharing bro.

Lye
Lye Kuek Hin recently posted..6 Rules You Need To Know – The Art of Selling

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Samuel October 14, 2010 at 3:57 pm

Hi Lye,
Yeah you are right! anybody that wants to achieve financial freedom in his or her life should try to avoid been in debt! thanks a lot for the comment. have fun.

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vijay | bayofblog October 14, 2010 at 1:39 pm

It is hard to earn that much of money and freedom with financial problems need more patience and hard work to achieve the goals, As you said these points all are the sign of success in life…
vijay | bayofblog recently posted..Comment on Keyword Density Calculation How to Calculate Good Keyword Density by JK@techtrickz

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Samuel October 14, 2010 at 4:06 pm

Hi Vijay,
well to me if you have your mind made up, i don’t think it will be hard to achieve financial freedom. sure you must be patient and be hardworking. thanks a lot for the comment.

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Patricia@lavenderuses October 14, 2010 at 3:10 pm

Hi Samuel
You cover this well and I think for me one of the main things in getting my blog up and running to monetize and become a business prospect has been to have a mentor who is already a successful business person. Also, not being afraid to ask for help so that I can learn more about being successful has helped me learn heaps and still be learning so that I can consolidate my knowledge and gain that financial freedom.
Patricia Perth Australia
Patricia@lavenderuses recently posted..A Dental visit with a difference…where’s the lavender

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Samuel October 14, 2010 at 4:12 pm

Hi Momma,
keep seeking for knowledge it will help you big time, Your blog is a system that can generate passive income for you, so feel free to monetize it. thanks for your support! Rock On!!!!!!!! :D

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Mandeep October 14, 2010 at 6:41 pm

Hey Samuel,

Great post. I think those are great tips. Knowledge is power.
Mandeep recently posted..Do you agree with A-List Bloggers

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Samuel October 15, 2010 at 11:43 am

Hi Mandeep,
Yeah, knowledge is power. thanks a lot for the comment. have fun.

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Richard Chidike | Motivatory October 14, 2010 at 8:34 pm

Having a great MENTOR in your chosen filed is one smart way to make rapid progress in any of lives venture. This will ensure you avoid some little mistakes in business. In all i think this is another great post from Samuel.
Richard Chidike | Motivatory recently posted..Blog Flipping and How To Create Blogs That Sells

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Samuel October 15, 2010 at 11:45 am

Hi Richard,
Yeah you are right bro! thanks a lot for the comment. Have fun.

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Michael October 15, 2010 at 12:59 am

Hey Samuel

A win-win mindset, taking risks and seeking advice from the right people will lead us to financial freedom.

Awesome tips, bro.

Michael

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Samuel October 15, 2010 at 11:47 am

Awesome comment Micheal, You are right bro. thanks a lot for the comment. have fun.

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Todd Tresidder October 15, 2010 at 4:55 am

Very well said. Financial freedom is something that most people dream about but they just do not know what steps to take to be able to attain it. And you did it well.

Another thing that one should have when it comes to obtaining financial freedom is to have an open mind. It cannot be denied that there are plenty of obstacles along the way and there are times when the path you have chosen has become a dead end. With that, you should always be on the lookout for alternatives so that you can still find your way to your goal despite any dead ends that you encounter. Failure always can be found in most journeys but it is your strength to push on that makes the difference.

When you are really all set on achieving one thing, it will be what you eat and what you breathe. That is what most people lack though they still want to have financial freedom. If one is like that, financial freedom would only become reality in your dreams. It takes a lot more to get to that end goal.

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Samuel October 15, 2010 at 11:50 am

Hi Todd,
Yeah you are right man. i agree with you. thanks a lot for the awesome comment. have fun.

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Bryan October 15, 2010 at 12:01 pm

Hi Sam, You’re right to put mindset as the first thing on the list. I think no matter how much knowledge you have about a business but if your mindset is not read to accept the challenges ahead of seeking financial freedom then you are most likely to fail.

Great tips there. Keep it up!

Bryan
Bryan recently posted..5 Inspirational Quotes That Will Make Or Break Your Business

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Samuel October 15, 2010 at 12:13 pm

Hi Bryan,
Yeah that’s just the truth about achieving financial freedom. Thanks a lot for you awesome support bro! Have fun.

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Dustin Baier October 16, 2010 at 7:54 pm

Achieving financial freedom is a very admirable goal. Thanks for the tips.
Dustin Baier recently posted..WordPress iPhone App – How It Increased My Productivity

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Samuel October 18, 2010 at 10:22 am

Hi Dustin,
Yeah you are right man. Thanks a lot for the comment.

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Peter J October 18, 2010 at 10:24 am

And don’t forget to set the correct goals when it comes to your money. Financial freedom isn’t all about having the most money, it’s about having enough money to survive on, so you can get on and enjoy your life, without being constricted into the 9 to 5 life?
Peter J recently posted..If there was a parallel world- I wouldn’t want to be a part of it

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Samuel October 18, 2010 at 11:17 am

Hi Peter,
Yeah you are right bro! that’s the fact!! thanks a lot for the comment. have fun.

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Sathish @ TechieMania October 19, 2010 at 2:48 pm

Hi Samuel, Fantastic article. Knowing the laws of money is very important if you want to achieve Financial Freedom and I do agree with all other points. Thanks for sharing an useful article
Sathish @ TechieMania recently posted..Keeping Non-Profit Websites Beautiful- Making A Tough Job Easier With Updated Content Management Systems

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victor unuane December 19, 2011 at 3:46 pm

Samuel this is a Great article I must profess. Deciphering the laws of money will help us manage and constructively spend and invest our money.
There is a financial strategy called “the power”. With this you will overcome RAISE your FINANCIAL in one year…its a secret just revealed to only few people in the world…
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