What’s Holding You Back From Financial Freedom

What’s Holding You Back From Financial Freedom

A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life ~ Suze Orman

Everyone, or just about everyone we meet wants to be rich, and yet there are only less than 1% of people who actually achieve it. So what’s stopping them from becoming financially free?  How can you obtain financial freedom?

Thanks to the internet and thousands of books out there, it’s certainly not the lack of knowledge available on how to build your wealth. Whatever you are interested in; there is a ton of advice out there from experienced experts to guide you along the way. All you have to do is invest your time to doing the research.

Just a few days ago I spent an entire day with a man who has created his own wealth from the foundation up. No one gave him a thing. He earned it all through his blood, sweat, tears and an unbelievable work ethic. However, there is one secret to his wealth that I will touch upon later in this article. Keep reading!

How Most People “Control” Their Money

The true reality for most of the population is that people tend to spend everything they earn on things they don’t need to impress people they don’t like. They spend first and save second. Saving second will certainly put you in the poor house. The question is whether we’re spending it on things that will really get us what we want in life.

How to Never Be Wealthy

The worst thing you can do is say you’ll start saving when you make some extra money. If you can’t look after the amount of money you have now, then you won’t be able to look after a larger amount later. Firstly, it all starts with creating the disciplines necessary to financial freedom the money will follow.

You must be disciplined and keep your savings locked away in what I call your financial freedom account. No dipping into it whatsoever.

Being Financially Free is A Decision Just as Being Poor is A Decision

It all starts with the right mindset. You can decide to be financially free or you can decide to be like most people that struggle financially. Whatever you decide is fine, however it’s completely up to you.

If you want to be financially free, then you need to start your financial freedom account right now. It’s the easiest and simplest way to guarantee you’ll be wealthy in your lifetime.

The #1 Secret to Financial Freedom

Here is the secret I was alluding to above. There is an old principle in personal finance – yet often ignored – called Paying Yourself First. The idea is to save whatever income you can first before you do anything else with your money. This is a discipline that must be created & worked on until it becomes second nature. This money gets pulled directly off the top and goes directly into your financial freedom account, and you simply live off the difference as you build your wealth.

Before you start pulling out your hair and start screaming out of frustration, “I can’t afford to put aside any of my income aside let alone 10%,” hear me out. There was a time when you were making a lot less than you are now and you managed to live on that income. Correct? Guess what then, as your income grew larger so has your spending.

Creating Your Financial Freedom Disciplines

Paying Yourself First is simply a new discipline that must be created and once you get started, it will become second nature. You’ll actually be amazed that you won’t miss the money (whatever percentage you put aside, however I would suggest 10%) at all after a while. You’ll also be amazed by how quickly your financial freedom account grows.

The amount isn’t as important as the new discipline you are creating. Again, start with 1% and work your way up. I have heard of people starting with just a few dollars a week, yet the discipline they created allowed them to grow their financial freedom account significantly.

Bonus:

Whenever you pay something in full celebrate your victory. You deserve it. However, after the celebration is over this is what I want you to do immediately? The money you were using to eliminate that debt should then go directly into your financial freedom account. Start paying yourself by placing that money into your financial freedom account. Over time, you will see your wealth grow but it all starts with creating and implementing discipline.

About the Author

John Salkowski is a retired Police Officer after an impressive 15 year career who is now a Highly Sought-After Leadership and Motivational Speaker and Trainer. John has wowed audiences ranging from 20-20,000 sharing his unique Leadership strategies in his signature presentation:

Leadership in the Line of Duty™
50 Leadership Lessons for Making Split-Second Decisions from a Cop Who Has Been in Life and Death Situations.

John regularly speaks for a variety of leaders (ranging from entry level to experienced executives) for corporations, business groups, associations, colleges, universities, youth groups and sports organizations. Pulling from his 15 years of real world, in-the-trenches (and even life and death) Law Enforcement experiences, John now teaches leaders one of the most important key components of leadership (that is often overlooked):

“How to make Split-Second Leadership Decisions when the Direction and Success of your Organization depends on it!”

Copyright © 2013 John Salkowski International. All Rights Reserved.

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