Who does not dream about becoming financially independent or achieving financial freedom? To have the luxury of traveling the world without even thinking about the costs, to buy that brand new luxury car that you always dreamt of, to know that you are in for a good retirement with no worries, and the list goes on.
Well, maybe this is not as far away as it may seem. Let me introduce to you how to gain financial independence and make this an obtainable goal.
First of all, be realistic! To become financially independent will not happen over a day. This article will not present a get-rich-fast fairytale solution – like with any legit job you will have to work for it.
Whoever tells you that you can get rich over a night, or two, is fooling you. I would guess that they are trying to make you buy into one of those “money making systems” and they are scams all of them. No system would ever generate $10, 000 in some days. Then everybody on this planet would be rich by now!
Here are some good pointers to consider if you want to gain financial independence:
1. Decide That You Want to Obtain it and Do Not Be Afraid!
One of the reasons most people do not reach financial independence, is that they are afraid – not of actually being financially independent, but of the changes they have to make in their lives in order to achieve it.
Before anything, you need to think carefully about this:
- Think of what financial independence means to you – do not bother about what other people think. What does it mean to YOU?
- Make a true and realistic picture of your current financial situation.
- Think rationally about what you will have to give up, or change to reach your goal of financial freedom.
- Think about the possible obstacles to overcome to get there and be realistic.
- Set up clear goals to help you become financially independent. To set smaller short-term goals on your way to the final long-term goal will help you. It is always more motivating when achieving a short-term goal to work towards the next.
Something essential and important when working towards financial freedom is to:
Reduce Your Major Expenses and Diminish Unnecessary Spending Like Clothing, Food, Leisure etc.
2. Always Keep Your Career or Business Moving Forward
Remember to never stop investing in yourself! Keep progressing when it comes to studies and work. If you are employed, try to switch jobs now and then and aim for something more challenging than prior job every time.
To switch jobs is an excellent opportunity to negotiate new salary levels and get a good increase. Remember to believe in yourself and what you have to offer.
If you stay with the same company for too long, you risk ending up with just the regular percentage in salary increase. Also, you will get more and more comfortable and scarred of leaving to take on new, more profitable challenges.
3. Surround Yourself with Successful People
To Become Successful You Need to Surround Yourself with Successful People
You have probable heard this statement before…
It has a lot of truth to it. You are often influenced with your friends and family, so who you are surrounding yourself with is very important.
When being around successful entrepreneurs, you will get their mindset and inspiration to start writing your own success story.
In the case of becoming financially independent, you should try to find other people who are financially free and ask them for their advice. When following successful people you will find that they are always progressing – learning and broadening their minds on new ways to improve their financial status. Use this as your spring board.
Often they feel flattered if you ask them for advice, since you are acknowledging their success.
“Being rich is not a golden ticket only offered to the fortunate. While some wealth is certainly inherited, there are enough rags-to-riches stories out there to inspire us. It’s simply that few people are willing to change their lifestyle and achieve their financial dreams, because, frankly, it takes hard work and reality shows are just so much more intriguing” wording from Sarah Hansen at www.lifehack.org.
4. Avoid Debt Unless It Will Make You Money In the Long Run
To have absolutely no debt is the optimal scenario, but it is not a reality for most people.
However, there can be exceptions where debt can lead to a higher income in the long run.
An example of this is college loans. While a loan of $200, 000 feels like a huge debt, it will lead to higher education, which in turn will lead to better paying jobs. You will pay off this debt sooner or later and it will lead to higher earning potentials for the rest of your life.
The same goes for real estate. Rather than spending all money to pay off 1 house, you can use the same amount to put down a deposit to purchase 4-5 homes or businesses that you can remodel and sell to a higher price, or rent at a profit.
Although, always remember to live within your means and save the rest of your income to build up your long-term economic equity.
5. Invest Your Savings
The only way to be successful when investing money is to actually HAVE money to invest. There will be a certain point where you reach critical mass and the returns generated on your assets can change your life.
For example when earning a 10 percent return on $10,000 it will only net you $1,000 before taxes, but for the same 10 percent but on an investment of $1,000,000 you will make $100,000. A lot better!
However, it is unfair that you have to HAVE money in order to MAKE money.
This is Why I Am Going to Give You Advice on How You First Can Make the Monies You Later Can Invest and Get Even Better Returns on Investment
6. Start Your Own Business Online with Focus on Lucrative
To start your own business can feel scary and too “big” of a project to many people, but it does not have to be complicated at all, and does hardly demand any investment if you do it online.
Yes, it can be a big, risky project if you for example are starting a retail business and have to invest in a physical store, inventory to sell and pay for employees etc.
If you start your business online you do not have to think about this, nor take any risk.
The “World Wide Web” has given us enormous possibilities, since it was invented. Many companies quickly realized they had a new opportunity to market their products and services to consumers through the millions of websites people are visiting each day.
Here is where you come in. As an affiliate marketer you chose a niche you are interested in, or have a passion for, and then you find an affiliate program that is ready to pay you for marketing their products.
I Will Explain How You Can Sell and Make a Profit Without Having Any Products and Not Having to Do Any Investments!
There are many affiliate programs on the market today and they need your help to market and sell their products. One of the biggest affiliate programs is the Amazon Associates program.
On Amazon you can market and sell anything you want without having any inventory yourself.
In Other Words, You Do Not Have to Care about Shipping, Possible Returns and Other Customer Service Concerns
You basically choose a product that is already selling well and then you write about the product/products on your blog/website. It can be a service related niche as well.
Whenever someone buys the product after first visiting your website, you will earn a commission. As simple as that!
Niche marketing can be very lucrative and you are setting the ceiling on how much you want to make every month yourself. However, know that it will not happen over night. Like any business start-up, it takes hard work, dedication and effort.
Once you have enough traffic to your website and you are offering visitors valuable information, you will start earning money. An example of valuable information is product reviews, but also price comparisons and other things that can help your visitors (customers) get a solution to a problem.
This is why I dare to say that starting your online business as an affiliate marketer can very well be your way to gain financial independency, or financial freedom.
You can start learning how to successfully build your online business for free through the number one training program – Wealth Affiliate.
Wealth Affiliate even offers you to host 2 WEBSITES for FREE with them. A very valuable offer, since one website and domain normally costs from $70 to 300 a year to host.
They Also Teach You Step-by-Step How to Build a WordPress Website, so You Do Not Have to Know How to Build Websites to Start Your Business
My own journey started with Wealth Affiliate. I started as a free member and upgraded to a Premium membership only after 2 hours, since I knew this would be my chance to something big.
The Premium membership offers more secrets on how to grow your business as fast as possible. However, you do not have to do like me. You can stay as a free member as long as you want and still get access to valuable training.
Even better, during the first 7 days as a free starter you will get access to the Premium training, so you can dive in and take full advantage.
I am deeply grateful for all the never ending knowledge Wealthy Affiliate provides within their community, and for now having 3 online businesses and growing.
I am on my journey to financial freedom and I will not stop until I get there. You can do it too!
Why Don’t You Start Your Journey to Gain Financial Independence As Well?
It is so easy to start and impossible to fail. The only way to fail as an affiliate is to take the decision not to continue. Who would want to stop when there is no ceiling on how much you can make?!
One of my young friends in the WA community, Colton James (Parre), is now making $10, 000 per month. Imagine if you could invest a part of those monies every month and get good interest.
You will definitely be on your way to financial freedom then.
If You Are Still Not Convinced and You Have Not Heard About Wealthy Affiliate Before – Check Out My Comprehensive Review of WA Here.
Also, see this info-graphic showing the top affiliate programs in 2017 and like you can see Wealthy Affiliate is ranked the best affiliate training program there is.
Visit me on the inside! Check out my profile on Wealthy Affiliate and PM me. If you have any questions, remember that no questions are stupid. I will be more than happy to answer what I know about the training program and affiliate marketing in general.
Also, if you enjoyed reading this article, I kindly ask you to share it on your social media’s.
I would highly appreciate if you left me your thoughts and feelings about this article. Maybe you have other important steps to share about how to gain financial independence? Please use the comment section below.
Do not be afraid to speak your mind. I am here to share and spread the best information I possible can – so if you can help me improve this service – the better!
Thank you so much, and have a successful, financially free 2017!
My name is Stina Pettersson. I am the founder of Make a Living from Home in 2017 and the author of the articles on this site.
I am originally from Sweden and am currently a business owner to 3 online businesses.
I help people to start their own online business and make a living from home. I am especially found of helping the stay at home parent, or single parents to increase their income.
I hope I will get the honor to help YOU achieving your online success.
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