The Financial Freedom Formula
While the financial freedom formula incorporates many
practical strategies for creating wealth, it differs from most wealth
creation models in that it focuses on the big picture.
Before you begin your journey to financial freedom, ask yourself the following
- Do you have the right mindset for financial
success? Are you focused, confident, determined, energized and fully
committed to becoming financially independent?
- Do you have the financial education necessary to make
intelligent financial decisions? Are you well informed about financial
planning, investing, stock trading, business management or real estate?
- Do you have a money channel or money vehicle in place? In other
words, do you have a job, career, profession, business or investment
structure that money can flow through?
When you can answer YES to these three questions, you'll be well on your
way to financial success. If you've discovered a lack in one of these areas,
you now know where to place your attention. You need to address what's missing
before you can move on.
Together, these three components form a financial success
system that virtually guarantees a positive outcome.
The world's wealthiest people have reached their goals through building a
solid foundation based on these three principles, and their continued success
relies on maintaining an edge in all three areas.
4 Ways To Use The Financial Freedom Formula
Although most people embarking on a wealth creation project are aware of the
need to educate themselves, many are too impatient to take the time to do it
thoroughly. There's a balance between under-preparing and over-preparing and
you need to get it right.
While many people argue that you shouldn't delay in taking action, there's a
time to prepare and a time to act. A second-year med student doesn't complain,
"I'm bored with working on cadavers - it's time to try a little brain surgery
on some live ones. Learn as you go, they say!"
On the other hand, an artist may procrastinate indefinitely rather than
exhibiting her work. It's a matter of weighing up the risks and perhaps
electing to start slowly. You don't want to risk your life's savings when you
first start trading options. But you'll learn more when your own money's on the
line, as opposed to paper trading. It's a matter of taking calculated risks and
knowing when you need to pull back and do a little more study. The NLP concept
of 'chunking down', or taking small steps, is useful in this context.
The three building blocks of financial success don't have to be acquired in any
particular order. You can choose your starting point, your subsequent steps and
your ongoing activities.
- SCENARIO 1:
You realize from your past experience with moneymaking ventures that you
have some major internal resistance to succeeding.
You decide to give yourself a specific time frame (2-3 weeks) to work your
way through the wealth mindset techniques.
You're choosing to build a firm psychological foundation before you start a
new wealth creation venture.
- SCENARIO 2:
You know what kind of wealth creation vehicle appeals to you, i.e., your
own business, the stock market or real estate, and you're ready to
investigate some practical strategies in that arena.
You plunge into studying your subject, but after a time you find yourself
stuck in research mode.
You acknowledge that some kind of fear is preventing you from taking
You sort through the mindset techniques and find the best method to
pinpoint the obstacle and dismantle it.
- SCENARIO 3:
You've chosen a vehicle, done your research and are now taking action to
achieve your goals.
You find yourself getting stuck at a particular point in your game plan, or
you find yourself making a series of costly mistakes.
You decide to try some techniques to get yourself through the impasse.
- SCENARIO 4:
Your path is a combination of the first three scenarios.
You use the techniques whenever you need to.
You remind yourself that any aircraft reaches its destination in a zigzag
pattern, not in a straight line. You take time out to use the techniques
whenever you need a course correction.
None of these scenarios is right or wrong. As the song says,
Take what you need and leave the rest
The point is to get to your goal in the shortest and most
enjoyable way possible.
Specific Wealth Creation Strategies
There are numerous ways to become financially successful, although they all
fall into three broad categories:building a business, investing in
the stock market and investing in real estate.
Regardless of your age, education, skills or current financial situation, you
can use the financial freedom formula to:
- start your own business
- create your own web site
- buy your first investment property
- trade stocks, options or futures
- publish your own e-books
The vehicle you choose is totally up to you. It makes no difference to
your ultimate success, providing it is something you enjoy doing. Your
financial success depends on the time you invest to learn new skills, the
amount of research you are willing to do, and the cultivation of a 'wealth
mindset', which will keep you on track when you get distracted, discouraged or
When you find the right techniques to keep your motivation high, any reputable
wealth creation program will work, providing it ties in with your personal
Financial success depends on your being able to maintain your focus, educate
yourself, choose the right vehicle and above all, enjoy the journey.
Your Next Step:
- While you may not feel it's necessary at this point, it's a good idea
to begin developing a wealth
- Commit to your financial
education by selecting books that appeal to you or attending
introductory seminars in your area.
This will help you choose your money
- Our recommended reading list will give you a starting point. You can
find it on the financial
You can also search for additional books on financial freedom at the
Amazon web site:
This site is purely educational and we make no claims or
guarantees with regard to the information presented.
Please consult a certified NLP practitioner for
individual coaching in the use of NLP techniques. We
strongly advise consulting a financial industry
professional before embarking on a wealth creation
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