Money buys freedom. The less money you have, the less options you have. The more money, the more options open up to you as far as how you can spend your time, where to travel, where to stay, and what to do. You can start projects that require funding. You can buy other people’s time and have them work towards your goals.
Without money you are unable to buy other people’s time, so you sell your time to others. You’re unable to buy the things you want, you settle for the things that are just enough, and you buy things that give you survival for another day.
Money is freedom, and freedom is created. Freedom includes stable income, increasing income, and ultimately multiple flows of income that result in wealth. If you are at a job you hate, you aren’t free. If your job or income depends on the economy, you are not free. If you don’t have enough in your pipeline and your month gets screwed up because your child gets sick and needs to see a doctor, or you get a traffic ticket, you are not free.
The money that you create is your friend—and the benefit is freedom.
Here are 3 principles to remember today about this:
You and only you are responsible for your freedom. Nobody is going to give you money. You have to go get it. It is up to you.
Freedom is something you have to create daily. You don’t do it once. It is a habit that you must persist with. Rome was not built in a day, and neither will your empire be.
You have to sacrifice comfort for freedom. You can sit in your lazy boy tonight and be comfortable but it won’t help you later. Every billionaire has paid the price today so they can pay any price tomorrow.
To get more money you’ll have to produce at levels that guarantee you reach your financial goals—this means 10X! Divide the amount of money you want by the number of years you are willing to work to accomplish the goal. For example: $1,000,000 in 20 years, would mean you need to set aside $4000 a month every month for 240 months. With only minimal interest and never putting any of the money at risk you would have well in excess of $1,000,000.
Second, figure out basic living expenses, and other costs, as well as, state and federal income taxes and add that to the 4000 a month you want to save. You now have the number you need to produce every month in order to reach your goal. Do whatever it takes to produce that amount, whether it’s working harder at one job or taking on several jobs. This comes back to responsibility, persistence, and sacrifice.
Money is your friend with benefits. To get the skills you need, I’m making available the complete recording of 10XGrowthCon 2017.