Wednesday, January 16, 2008

The Right Attitude For Finding Financial Freedom

I have lost count of the number of times that I have read emails in my inbox asking if I am ready to find financial freedom! Sometimes I wonder how true these schemes are and whether they can actually bring me closer to financial independence.

This curiosity has led me to explore several business ideas for making money.

Believe me…the real financial freedom does not resemble anything that these adverts promise. It’s a different ball game altogether.

Our generation has witnessed a shift in mindset from financial security towards financial freedom, which is the buzzword of the current era. Have you ever thought what all the hype is about? What exactly is financial freedom and is it possible to achieve it?

In this article, I will not tell you how to make money, rather I would like to help you understand the meaning and ways of finding financial freedom. It may or may not involve making more money.

Let’s get started!

The first thing you must understand is that there is no connection between financial freedom and the amount of money you make. Surprised?

It’s more a freedom of time and peace of mind. If you are earning a lot of money but suffering excessive stress too, you are not financially independent. So, you will have to change your ATTITUDE towards work and money before you can start on the path to financial freedom.

Every time you start wishing for more money, stop yourself and think about making the most of your current situation. If you posses control of your income and have the power to make unrestricted choices, then you are on the right track. Don’t get stressed out and choose to make attainable plans that control your outflow and enhance your inflow.

If I were you, I would just set certain financial goals and work hard to achieve them. When you aim for financial freedom, look for wealth creation and not money generation. This doesn’t mean that you won’t have to make more money. Financial freedom is about achieving a comfortable financial position and that requires earning more money. Just REMEMBER that money is the means and not the end!

A secret to your financial freedom is to get out of debt. That’s absolutely essential for achieving your financial freedom goals. Once you are debt-free, there will be no restrictions on your earning options and potential.

The truth of the matter is that you will have to modify your attitude and thinking before you can expect to achieve financial freedom. Once you are ready to do that, there will be no stopping you!

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