Reflecting on our standing in life brings us to a point where we are forced to describe our goals. For self-made millionaires, they have written off the goal of financial freedom in their lives long before other people realized its importance.
However, while others are starting to catch up on the trend of wealth creation, financial freedom is just too abstract a concept without the right mental shift. Called the millionaire’s mindset, it involves a lot of different approaches to one’s lifestyle while learning financial strategies through searching for opportunities. By turning goals into reality and acting responsibly, financial freedom seems a much closer idea than before.
Yet, the philosophy of financial freedom is still too large a concept for people to grasp. One can ask what freedom really means. Then we can search the meaning of financial freedom for each one of us. While financial freedom can be measured through one’s monetary standing, people do not realize that the philosophy behind financial freedom relies on our attitude towards money. In order to achieve financial freedom, we must describe our priorities which include how we look at money.
Caring for Money
The first fundamental perspective of a millionaire’s mindset is thinking that people are interested and should be interested in money. Why not? Money is a vehicle to make your life work and to make our system go round and round. But then more people do not value money the right way. People who seem to be satisfied with the money that they have end up getting rung down in the bottom of the financial pyramid. For some, money represents your paycheck that pays your bills. These people often find an ethical standard since they don’t care for money.
However, ethics and interest and money should not be removed from each other. The reality is, money is a vehicle not only to make a living, but also to make a quality life. Learning to value money gives us a perspective that makes us responsible with our finances. Finding the balance of how much money means to you is important in seeking financial freedom.
Making Money Work for You
A millionaire’s mindset always assumes that money should always work for you and not the other way around. While hard work is important, people who stop thinking and continue pounding their routine end over and over again. Hard work and struggle begets more hard work and struggle. Being a slave for money can just be the same problem for greedy people and hardworking people. The critical key however is to find ways to rise over it and make money work for you. Learning to empower yourself with the resources that you have will give you more room to help yourself and inspire others.
The Love of Money is the Root of all Evil
This is a saying that has stood for thousand of years. Until today it stands true. Yet what is more important to believe that financial freedom is NOT love for money. Why? Freedom over money is about seeing money as a tool and a means to and end. Meanwhile, love for money is seeing money as the end. Thus, love for money continues to put you under the spell of getting more money that you become a slave for it. Remember that we cannot eat money. Being a slave for money is far from the concept financial freedom.
For many, money is tangible. We all see it, we all have it, and we all see it go away. For the simple minded, money is a medium to buy what we want making it an integral tool for trading in a wealthy economy. However, a millionaire’s perspective looks at money rather differently. By putting the idea of money in our priorities and in the right balance, one can be effective in setting up financial strategies to achieve financial freedom.
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Help answer the question
Got answers for these, share yours: What do you mean by financial freedom? Why is it important to you?
What do you mean by financial freedom? Why is it important to you? What will it be like to be financially free? What’s/who’s stopping me on achieving it? Why are they stopping me from achieving it now? How much pain would it be for my family if I die too soon? How can I take care of it now? What can I do to start this change? Can I do it now? How?
Who will benefit from my financial freedom? What lasting value would it create for me and my family?
financial freedom
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#1 by Wordpress on November 29th, 2009
“Raw Land” near Urban Growth is King for transferring your fiat money. Secondly, and more important,…it’s been confirmed that the geo-mineral experts have concluded that the first element to be consumed-exhausted off the periodic chart will be Ag (Silver) this will occur in 14 to 22 years at present consumption. Regards, SilverFinger
#2 by CYWONG on November 29th, 2009
I think it is important for people to do meaningful work. If people know their work is contributing to the betterment of society and uplifting humanity, instead of lining the pockets of corporate elites, they will want to work. If everyone enjoys their work because it is meaningful and they are paid fairly, they will be efficient and enthusiastic. Efficiency will leave people with more leisure time to spend gaining and creating knowledge, developing their potential, contributing to the community, traveling, beautifying the surroundings, creating art and music, etc.
#3 by WPMixer on November 29th, 2009
How about buying weapons and ammo?
#4 by Misti J on November 29th, 2009
misti,
Just keep sending her money and keep dialogue open on how to save money on food and clothes.
#5 by WPBlog Shop on November 29th, 2009
Anyway… World is going in good way.
#6 by psychic on November 30th, 2009
very informative video.
#7 by Fro on November 30th, 2009
Get a second part time job and try to go back to school. A higher education is probably your best bet to get out of poverty.
If your having to choose between food and internet, get rid of the internet. It's a want, not a need. Public libraries offer free internet access.
#8 by Blogger on November 30th, 2009
If you are in any kind of financial distress, please post your situation at MoneyLoansCredit (.) com, a site where people help people… Don’t wait.. Investors and givers needed as well.
#9 by nacao on November 30th, 2009
Hi Aztec,
Interesting topic, I’ve been visiting Baja for 15 years and although I love it there, I’d personally never buy land. Practically every American I know down there eventually lost their lot. It didn’t matter which area, if they were held in trust, owned with a Mexican partner, nothing seemed to work long-term. Then again, $10,000 for an ocean view is worth the risk I guess.
#10 by guzen on November 30th, 2009
Mr. Lorax, I’d like some more videos about what real wealth actually means as opposed to what we have right now.
#11 by God'sStrength on November 30th, 2009
Oh dear, your situation sounds dire.
In investing, there are risks to be taken, sometimes you may lose money but mostly, you can't touch your money if the market is down and your market is lock-down for an unknown period of time. Are you prepared to lose money? Or are you prepared NOT to touch your invested money for the next 20-30 years?
I would think that your current financial background is not as strong, therefore, you should not be thinking of investments at this time.
Get your fundamentals right first. The above answers are sensible, get a degree, get a good job that pays you maybe $3-$4k/mth, then you would have spare change every month in excess of $1k to invest.
#12 by fearless2def on December 1st, 2009
I want freedom too. I want to be able to go wherever I want, do what I want, and buy whatever I want. I think you can if you let yourself, but then you think of things such as you might go broke or might end up somewhere bad. I believe that you can do whatever you want and buy whatever you with a good reason.
#13 by Angel on December 1st, 2009
I suggest you read "The Magic Of Thinking Big" by David Schwartz. He tackles a lot of the issues you seem to be dealing with. It's probably the best advice you will ever get and I guarantee you will not regret reading it. It really changed the I thought of success and "successful people"
Getting a better paid job… and living a more disable lifestyle in general is not as hard as you think it is. It's all about attitude and "hunger". If you have those two things by your side then you should be alright. Only people who think they can't do things really don't ever do anything. Successful people are those who know they can be successful and take action towards that success.
Just read the book.
#14 by Koshak on December 1st, 2009
This is an interesting question! This is a world of constraints! We are bound by the laws of nature. If only I could fly! If only I could be beautiful! If I could be strong! We are bound by the laws of the state. We are bound to abide by the laws of the land we live in. We are free enjoy our freedom subject to these constraints forced on us.
Some fools choose to restrict their freedom further by becoming members of religious, social, cultural and other organizations!
#15 by Lovable ??? on December 1st, 2009
Your last sentence says is all. You want to go shopping and spend, spend, spend. There is a book called The Millionaire Next Door. The author talks about people with money and where they got it…..Most saved it from working. You will Never get there until you change your ways of life*
#16 by Zenrin Y on December 2nd, 2009
Most preachers preach that in the wrong way. Those that emphasize that, really want you to pay more to them. They tell you "the more you give to the church, the better off you'll be." You can't give to the church when it's going directly to the preacher. Those preachers are greedy hippocrites. There are some churches out there that don't pay the preacher, such as the mormon church, in which they give the correct principle of financial freedom. If it's a good and righteous church though, giving tithing (10% of your earnings) helps in becoming financially free.
In order to gain financial freedom, you must remember two things. Live below your means and pay yourself first. It is also true that if you give charity, your money somehow becomes more abundant. So if you want financial freedom, do those three things and you will be blessed with not pure wealth, but with less stress of finding the money to pay your bills.
#17 by Free Blog on December 2nd, 2009
ok.. second video where I though “huh.. this guy knows what hes talking about” I must say I’m not at your level yet (you got me at a disadvantage me being 18) but my dad knows more about what your talking about that you.. You should hear him go on… and on.. and on..
#18 by rails on December 2nd, 2009
More banks will be closing soon.