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No it is not “the secret”.

But, something entirely more pragmatic.

The only sure-fire investment, no matter the market trend or the economic situation, is yourself. If you want to achieve financial freedom and independence, then you need to start relating to yourself as a business.

You need to invest in yourself. You need to market yourself. You need to differentiate yourself from your competitors. And you need to “grow”.

You are your number one, biggest, factor in achieving financial freedom.

But, very few will achieve it before they retire, from work alone.

Break free

If you are in the generation X one of the commonalities you share with your fellow man is the desire to be free. The wish ot have a greater work life balance.

You probably are REALLY looking forward to retirement.

I know I am. I know my wife is.

We are working because we like our jobs, and because we want to set a good example for our kids. But, if we had the means to retire today, we would not hesitate. We would LOVE to break free.

How much do you need?

Working as a financial planner I saw a lot of different people’s financial situations, and plans. One common thread though, was that most people were unclear how much money they needed to retire.

This is important to work out.

If you want financial freedom you need to know when you have achieved it. You need to know what you are striving for. You need to be clear with yourself about what your goals are, for you to achieve them.

Start a family business

There. I only made you wait 2 paragraphs for it.

The little known secret to financial freedom is business. EVERY family, EVERY individual, should be racking their brains to decide what their family business is going to be.

What can you do?

What skills do you have (what skills can you aquire), look at your passions, what can you turn into a business?

The Best kept Secret

This is, absolutely, the best kept secret by financially successful people.

Because, it is dead easy.

Also because we are not talking about business ventures that are going to replace your primary source of income, here.

Wealth Gurus

Most wealth “gurus” when they talk to you about creating wealth tell you that you want to find a way to take yourself from “salary” cashflow to “business owner” cashflow.

You want to be able to earn money without having to work in the business to get it.

However, all the positive self-talk and empowering affirmations in the world are not going to sure-fire create that situation, or create it quickly.

Multiple streams of Income

The pragmatic approach to creating wealth and freedom financially, is to begin establishing multiple streams of income. That takes care of the freedom part.

If you have more than one source of income, it takes the pressure off. And will often free you up to be more creative.

Anyone can create additional income sources

Write a blog.

Sell stuff on ebay.

Freelance.

Consult.

Start a market stall.

Make clothes.

Child minding.

Cutting lawns. Fixing taps.

The ideas are endless. And if you are not trying to replace your primary source of income you will find you can think of quite a few things you can do to make some money.

Sure-fire recipe for financial freedom

A sure-fire recipe for financial freedom this is not. We have already discussed that one here. This is the best way to put yourself in the running for early retirement.

Absolutely.

Irrefutably.

Either that, or it gives you the opportunity at a better lifestyle along the way.

Think about it. You have time. Even if you are married or partnered and have a family to inspire and care for. You spend time on hobbies and passions.

All I am saying here is put some business thinking into your passions. And make them into your family business.

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