5d • Resource Letter
What Is Financial Freedom?
We hear the term "Financial Freedom" thrown around a lot, but what does it mean?
Quite simply, it means that your passive income(that's money you make without working for it) exceeds your expenses (you know what those are).
That's the first thing to understand, but the the second is how to actually create passive income.
The only way to create passive income is to invest your resources (time, money, and energy) into assets that create passive income.
And that's where a lot of us entrepreneurs get it wrong. We invest in ourselves, in technology, in our businesses, and all kinds of other great places, but none of those create passive income.
It's great to be able to make more revenue, but if that revenue doesn't to passive income assets, you'll never be financially free.
💸 How Can You Become Financially Free?
I didn't always know this. I learned it from Penelope Jane Smith and her team at Real Prosperity Inc, and I encourage you to learn from her as well.
She has a great ebook called The Financial Freedom Formula, in which, in a few pages, she explains these concepts much better than I can.
Not only does she explain them well, but she explains them in simple terms that you don't need a finance degree to understand.
Normal language for normal people.
Get your copy of The Financial Freedom Formula now, and take the 10 minutes to read it, because the ideas in it could revolutionize your financial future.
-Michael Whitehouse
The Guy Who Knows a Guy
P.S. If you'd like to take your financial education to the next level, I invite you to attend Financial Freedom 101, November 7th to 9th. In just three days, you will learn financial concepts that will change everything for you.
Regular tickets are $1497, but for my community, I have arranged that you can get a full scholarship to the event. They only ask you to put down a $97 seat deposit, which you get back when you attend.
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What Is Financial Freedom?
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