What does financial freedom mean to you?
Does it mean freedom from having to work, yet still being able to enjoy life without concern over money? Does it mean having your life’s necessities covered, where you’re not worried about car or house payments anymore? Having more time to do the things you really want to do?
Many people become so overwhelmed by their idea of what it takes to reach their financial dreams that it prevents them from taking the necessary actions to achieve their goals. Others have more than enough money but rarely experience wealth—a place where they feel abundant, truly alive, and grateful; where they are no longer concerned about anything except enjoying life to its fullest and sharing their wealth to benefit others. They have money and resources, but they don’t actually feel wealthy. The key to experiencing financial freedom is to first understand that no amount of money will ever make you wealthy.
The secret to wealth is gratitude.
When you realize that you already have the resources you need to bring your vision of financial freedom into reality, you look at the world differently, you make different decisions, and you do the kinds of things that actually put you on the path toward the wealth you desire, without fear or doubt that you’ll reach your goals.
In order to attain the freedom you want, understand that creating wealth is more than just crunching numbers, saving a certain amount of money, investing, or making sound financial choices. Eighty percent of success in any endeavor, including financial success, is psychology, and 20 percent is mechanics. Once you cultivate a mindset that gives you the ability to appreciate life despite obstacles and challenges, then you can implement the formulas and strategies necessary to build your Money Machine, a way for you to create income for the rest of your life without having to work. Then you will have the freedom to do the things that matter to you most.
What you want to get out of these exercises is not just more money, but greater freedom, a greater sense of wealth, and a greater feeling of abundance: the ability to do what you want, when you want, where you want, with whom you want, at the level of richness you truly desire. Financial freedom is not just about finances. It’s about creating and sustaining joy, happiness, and that feeling of being truly alive, living that extraordinary life that we all want and deserve.
What Does Wealth Mean to You?
Wealth means different things to different people at different stages of life. It’s unique for every person. For a kid in high school, wealth may mean having a car and enough money to go on a nice date. In the latter stages of life, wealth can mean living in your dream house, the ability to care for children, or traveling the world.
Regardless of the level of wealth you want, you won’t get there until you actually know what wealth means to you. If you get caught up in somebody else’s view of what wealth means, even if you reach that ambition, you could end up working every day of your life only to find out that you’re not actually enjoying your life, all to pursue some idea of happiness in the future that you may not even be sure about.
The Psychology of Wealth
Wealth is first and foremost a mindset, the psychology that gets you to where you want to be without being distracted by fear, obstacles, or any of life’s challenges. To get to that place of true financial freedom, we need to keep in mind one of life’s core lessons: you never get beyond scarcity—you have to start beyond it. You have to redirect your focus away from what’s missing and onto all the reasons you can feel wealthy now. When you do this, you open yourself to attracting the material wealth you desire.