How to Become Financially Free in 5 Years

Ultimately it is everyone's goal to be financially free. Everyone has the goal of one day retiring and being able to live and afford things without being required to work for the money. A lot of people work hard all their lives only to get to retirement and discover that they don't have enough money to live well and in their final years they find themselves sick and broke. But why wait until you are 65 before you are financially free when you can become financially free in just 5 years.

Becoming financially free is a lot easier than a lot of people believe it is. The only reason it is difficult is because most people are uneducated into how to become financially free. They spend their lives working for money and then when they get their wage (after being heavily taxed by the government) they don't know how to spend it so they will become rich. So instead they buy things that make them poorer and force them to work harder and harder.

In this article I am going to share with you some basic fundamentals that you will need to know if you want to be able to live without working. I am not going to teach you everything (you could write 100 books and still not cover everything) but this will be a great platform for you to continue your learning and to work towards becoming financially free in 5 years.

Understand What Being Financially Free Means

A lot of people struggle to become financially free because they don't know what it means, so they never set it as a goal. Instead they play the lotto with the desire to become instantly rich, and they continue to work hard at their jobs and buy things that make themselves poorer.
Being financially free means that your passive income (income that you don't have to work for) is greater than all of your expenses. So you can live indefinitely without ever having to work in order to pay your expenses. If you can understand this, and set this as your goal then you are one step closer to being free for life and never having to work again.

Think Cashflow, Cashflow, Cashflow

A lot of people have the goal of becoming rich. They see being rich as a dollar amount, maybe it is $1,000,000 in their bank account. But they don't think in terms of having your passive income greater than you expenses and having your money work for you. If you want to be able to retire you need to invest for cashflow. If you desire to be financially free in 5 years then you need to invest in assets that generate an income.

For example, when it comes to real estate some who wants to be 'rich' without really knowing what being rich means will often buy real estate for capital gains. The real estate will cost them money every month and they hope that they will get that money back when they sell the house. When they sell the house they use the extra money to buy a bigger 'investment' that costs them even more money every month, tying them to their jobs even more. But if you want to be financially independent then your goal is to having money coming into your pocket each and every month that you can use to live off. So instead of buying just for capital gains you want to buy for positive cashflow. This means the income from your investment is greater than the expenses and thus you receive cashflow each and every month.

Cashflow is what pays you bills and buys you food, and if you want to be financially independent then you need to be investing for cashflow. Let me ask you a simple question:
Based on your wage how many investments could you afford to own if each investment cost you $1,000 per month to own? The answer would certainly be limited. But how many investments could you afford to own if each investment earned you $1,000 per month. The answer is only limited by the amount you can get your hands on. So by purchasing investment for cashflow purposes you are generating an income that will fund you when you stop working. If you want to be financially free in 5 years then you need to invest for cashflow.

Have A Plan

Investing, to put it simply, is the act of following a financial plan to reach a financial goal. A lot of people make investing sound complicated and difficult. If you want to be financially free in just 5 short years then you need create a plan. In order to create a plan you need to know where you are now financially and you need to know what passive income you will require to be financially free.
Then you need to choose your investment vehicle of choice. It might be real estate, it might be stocks or bonds, it might be businesses. Everyone is different so your investment strategy will be different to everyone else's, but one thing needs to remain clear, you should ultimately be investing for cashflow.
Then you need to work out exactly how many investments you need. For example, if I chose real estate as my investment strategy and I know I can earn $100 per month on each property I buy, and I need $1,000 per month to live then I will need 10 properties in 5 years. Or an average of 2 properties per year. By doing these basic sums you can get a better understanding of what you need in order to stop working.

Unfortunately I didn't have enough time to cover a lot about becoming financially free in just 5 years. That is why I have created a free email newsletter that will give you helpful training and advice every week. By signing up today you will receive a free audio teaching on "How To Become Rich Without Earning More Money". Sign up now at http://www.richacademy.com but hurry while it is still free.
Becoming financially free in just 5 years is possible for anyone. It doesn't matter what your current financial situation is, you can become rich and never have to work again in just 5 short years. You don't need a high paying job or a get rich quick scheme, you just need real training on creating real strategies for getting rich.

Go to http://www.richacademy.com and sign up now to start you free training on "How To Get Rich Without Making More Money". Don't waste any time, start training yourself to be financially free today by signing up for your free teaching.

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