1. exemption from external control, interference, regulation, etc.
FINANCIAL FREEDOM; that’s why we are all here at MissCFO right? To find a way to get down that magic road a lot easier. What is financial freedom really? So many people have different definitions. For me, financial freedom is having the ability to do what you want, when and where you want.
Recently, I came across a great podcast from the Grant Cardone (a MissCFO favorite), Young Hustler’s show that focuses on various topics addressing Millennials in terms of career, finance, entrepreneurship, etc. There are 80 million Millennials out there and no, not all are lazy and entitled. There are plenty who want true freedom, prefer entrepreneurship to the 9 to 5 grind and are hungry for mentors who give them the real deal. Grant Cardone and his millennial protégé, Jarrod Glandt target the under 35 crowd with the tips and insights they need to succeed in any economic climate.
Freedom to Jarrod Glandt is the ability to produce something. Something that people will actually pay for. What will you take to the marketplace that people will buy? Find that and multiple it.
What I love about the Young Hustler’s show is that they are not afraid to get raw and dirty. They address the topics of finance in a way that most do not. Their show embodies the holistic view of how to really obtain financial freedom. Let’s explore the Young Hustlers team of financial freedom a little bit more.
If you’re not the number one producer where you’re at, then you don’t need to worry about going and getting a new gig yet. You need to master where you are at first. . .
1. Make the Decision to Become Wealthy
You must sit down and make the decision to embark on the journey of wealth. You cannot just wake up one morning and say that I want a lot of money. It takes a good strategy to obtain wealth.
2. Set Targets and Create a Plan
What can I do to hit that target? The target will give you a vision. If you know where you want to go and how to get it makes it more realistic to hit the goal. Additionally, you can set benchmarks that lead you to accomplishing your goal that keep you motivated.
3. Commit to Becoming a True Professional
Become an expert in your field! Once you become an expert you can accelerate your income. It’s important to understand that people are going to pay for two things:
1. Specialized skill, knowledge or ability
2. People who can go out and collect things, like business or money
If you have a specialized skill or ability you need to commit the time to develop that skill to its full potential. The disparity between the average income and the top CEO’s is the commitment to being a pro. For example, the average CEO reads 5 books per month and the average American reads less than 1 book per year. You have to determine what are you going to commit to accomplishing? It’s also important to consume new information. The key is continuously developing yourself.
4. Become Relentless
None of the steps above matter if you do not have a good work ethic. When you are clear on your purpose, it is easier to be relentless and committed to your goals.
“If people aren’t telling you that you aren’t doing too much, you’re not doing enough!”
You have to get dumb, stupid, crazy about your goals! Figure what you need to do to get to the next level. If you’re going to do it, then do it big then!
Financial freedom is important, but it all starts with a decision to go after it.
What does financial freedom mean to you? What are you committing to do in order to have financial freedom?