Showing posts with label residual income. Show all posts
Showing posts with label residual income. Show all posts

Friday, 16 January 2015

How do I become financially free with certainty and in the fastest way possible?

 Open up a separate bank account and call it your “Financial Freedom Account” and start saving 10% of your income into the account every month now.  The rule with this account is that you will “never spend the money!” it is only invested and only invested in “assets” that can’t be lost and that give a monthly passive income.

Attend a group meeting at least once a month which is focused on moving you to your next step on your journey.  This group should have a “Burning Desire” and should have “Absolute Faith” that they will become wealthy and this will allow and enable you to do the same.

Find someone experienced in becoming wealthy (who is wealthy) to help you to allocate a small sum of money to a second account to help implement your Money Machine to create an extra income within weeks (sometimes days) of starting, to start feeding your financial freedom cycle.  The rule with this first account is that you will only have access to spend this money on your Money Machine when you have completed your business revenue model and Money Machine plan.

This same person also needs to help you put a money management plan in place that enables your “Money Machine or ATM” to overtake any existing debts and replace your day job and subsidise your Financial Freedom Account to catapult the acquisition of assets forward by shortening the time between the purchasing of assets to generate the best kind of income, passive income.

The above four points are practical and gives you a map to achieve financial independence and then freedom.  It also deals with the most common thing that slows you down, the time it takes to purchase assets, and implements our FIRST “Catapult Effect” directed at shortening the time line to achieving your first financial goal.  Time is the only thing we can’t get back and time is the most valuable resource we want to have in freedom so let’s put the correct emphasis on time and achieve our financial goal in the shortest reasonable time period!
Taking Action, Making it Happen with The Financial Freedom Mastermind
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Thursday, 11 December 2014

Hugely increase your success by focusing on what you have the most skill in!



For any one of us to succeed we must have a burning desire to achieve a goal, then absolute faith in ourselves and our ability to make it happen.

It’s through creating an action plan then taking massive action and persistence and persistence and persistence with supporting factors like a mastermind, a team, tax planning to maximise income, ... and a good few more things that success happens.  We teach this in our “Making it Happen Alliances”.

Join us at our Taking Action, Making It Happen meetings where you find encouragement to become financially free.

Our burning desire and absolute faith and all these things are the foundations for the business and each of us are coming from a different place so the sequence of events is important to be effective for that person. 

www.meetup.com/CL-Taking-Action/The what (business) you are doing and your skills in that business determines how much effort is needed to fulfil to provide the service or product through the business in addition to the marketing and sales requirements.

The learning to create income through a business is a massive task and if you are going to add extra effort in needing to also learn and develop a passion or dream or love you are literally halving the chance of success because you are doubling the effort to get up and running.

I teach that for your first business don’t focus on your love or passion or dream in life, focus on what you have the most skill in and create a business around that first.  The success of your first business will give you valuable knowledge on how to make money from something (you would have experience in learning to earn) and can be transferred into the second or third business which might be your love or passion or dream in life and you would be so much more successful in it also!


Take action, take control and measure your success!

Wednesday, 10 December 2014

Is there a quicker alternative that gives financial freedom?



Do we need to be doing something for the rest of our lives or is there a quicker alternative that gives financial freedom?


Yes, I hear you, it’s passive income that is needed.  Let’s just take a moment to look at the details. We all know what a job is and some are not quite sure about passive income.

We need to have enough money to feed ourselves and pay for all the other basic necessities we have.  We also need to have enough money to go on holiday and visit distant family members.  We need money for our children and for their education and many other things. In essence we are able to very simply break down what is needed, into a sum of money.

This money is not need all at once, it is needed just in time, on a monthly basis in the form of an income, however this income is needed for the rest of our lives and needs to be secure because the older we get the less able we become! 

In essence we need a certain amount of income each month and this amount increases or decreases depending on our responsibilities or life style.

Our income options are:
·         1, A job we are involved in and gives a monthly income,
·         1, A business that we are involved in and gives a monthly income,
www.meetup.com/CL-Taking-Action/·         1, A network marketing business we are involved in and gives a monthly income,
·         2, A network marketing business where after achieving a certain goal we no longer need to be involved in but can look after and the business becomes an asset which then gives a passive income or capital gain pay-outs,
·         2, A business we create and work ourselves out of but continue look after and becomes an asset,
·         2, Buy or acquire assets which then gives a passive income or capital gain pay-outs,

To summarise we are either involved in (1) something that gives us an income or we have an asset (2) that gives us a passive income or capital gain pay-outs over time.

We can have financial freedom in the near future if we create an extra income that catapults us into creating a passive income that is greater than the sum of money needed on a monthly basis.  Join us at our Taking Action, Making It Happen meetings where you find encouragement to become financially free.


Take action, take control and measure your success!