It’s the year 2018 and most of us probably made a new years resolution about being financially free. Most people use a figure to measure financial freedom. When you’re rich and earning a lot of money, you’re considered financially free. However, that mentality is completely wrong. If you follow that mentality, you will never be financially free.
What Is Financial Freedom?
There is no absolute answer to this question because it varies from people to people. However, most people interpret financial freedom as having enough money to live off with no worries.
Financial Freedom means you have time to do what you want such as: spending time with the kids, going on vacation, waking up whenever you like because you are not restricted to money.
While most people view retirement as financial freedom and it’s great, but not everyone can truly be financially free after retirement. You must first create a financial planner for yourself while you’re working and sadly… not many people are able to follow through on it. — If you live in California like me, you’ll understand how difficult it is to save money.
If you’re looking for a legitimate way to make money online. Download my free eBook Below:
Here’s a question from me to you: How much money do you need per year to be considered financially free?
Here’s my answer to you: It doesn’t matter… you don’t have to be rich to be financially free.
You can be financially free as long as you don’t need money from your active income to pay for your living expenses. — An active income is basically your regular day job.
Here is Why Being Rich Doesn’t Mean You Are Financially Free
Let’s say you make $200,000 per year! That’s a good chunk of change, but what happens if you get sick or lose your job? Well, chances are you’re going to stress about it because your bills will keep coming in regardless of you being employed or not. — Not everybody makes that kind of money though.
How Do You Get Financial Freedom?
As I previously stated, you can be financially free if you don’t need money from your active income to pay for your living expenses, but how can you pay for your living expenses without a job?
The answer is quite simple!
What you need is a way to make money without selling your time for money. This can be accomplished by running a business.
It sounds quite easy, but most business requires a heavy amount of money to get started. Fortunately, the power of the internet has allowed many people to leverage it and generate millions of dollars with very low up keeping cost.
How Creating An Online Business Will Help Get Financial Freedom
An online business allows you to work at home and generate money for you while you’re sleeping. It’s not a 100% passive income because it still requires work.
For example, I have to spend at least an 8 hours per week to produce content, market my content, answer emails, etc. — That sounds far easier than a regular 9 to 7 job though right?
There are certain aspects of the website that produces 100% passive income such as my opt-in page, Google AdSense, etc.
The whole idea behind this is so even if get sick or lose your job, money will not stop coming in because your Online Business will always be there. — Just make sure you pay your website hosting and domain bills haha!
Interested In Starting An Online Business? What I Don’t Recommend As A Beginner
Making money online sounds like a cool venture, but I don’t recommend quitting your job right away because running an online business/blog/website is not going to get you rich quick.
It’s easier said than done when it comes to making money online, so my advice is to keep your job as the primary income. What you get from your online business is what I consider supplements.
In the end, what you want to accomplish is totally replacing your regular job with your online business.
Are You Ready To Start An Online Business? Let’s Get Started!
Starting an online business can sound quite scary if you don’t know what you’re doing. That’s why I’m providing you with a copy of my eBook for free! It comes with a 7-Day Action plan to keep you on track. This ensures that you set everything up properly.
As an added bonus, you will also be able to access my recommended platform. It comes with a ton of free resources, tools, and a community of online entrepreneurs to help you.
Thanks again for tuning in with Smart Affiliate Hub. I want to hear from you, so please let me know what financial freedom means to you!
If you find this article helpful, you can do me a favor by sharing this article on your social media accounts. Also, if you have any questions, please kindly leave a comment in the comment section below(: