Achieving financial independence is a perfect possibility. Unfortunately, many fail to achieve it, because they don’t have enough desire. Many people are comfortable with mediocrity and they allow external factors, like companies and bosses, to dictate their decisions. Many people are unwilling to put in enough effort, because they are actually uncomfortable about the thought financial independence. They could say that wealth and financial prosperity isn’t for them, and things are already good enough for them. In reality, desire should be considered as the first step to gain financial independence.
Financial independence is in reality more about proper mentality than the amount of money in our account. It is about having the freedom to choose what we should do and not worrying about financial issues. We are always able to pay the bills and we can take risks or overcome fear. Financial independence is often associated with passive income, but top employees may also gain financial independence, if they gain more than $300,000 each year in salary, bonuses and commission. Unfortunately, many people don’t have the proper mindset to make them worthy of financial independence.
That’s the reason why we should act and think differently. Financial independence can be produced if we understand about the basic laws of success. Thankfully, we can change! With a combination of consistent action and knowledge, we should be able to realize our dreams, goals and financial independence. If we want to gain independence, we shouldn’t fall victim to the usual employee mentality. It means the we should stop thinking about 9 to 5 work schedule, relationships between employees and manager, significant work responsibilities and others.
We should also be aware than common financial programs like 401(k) and IRA are actually not the recipe for financial independence. In this case, we shouldn’t convince ourselves that our financial future will be taken care of if we have our money to an organization, no matter how trustworthy it is. In many cases, they are more interested in making money on their own by collecting our money and by doing so, some people on the top of these organizations have achieved financial independence themselves! So, it is clear that obtaining financial independence is about taking direct actions on what we should do.
It should be noted that leaving our job to start our own business isn’t always the answer. We should be aware that establishing a new business isn’t a guarantee that we will gain financial independence. It is about making necessary changes in mentality. Although we shouldn’t fall victim to the thought of consistently being employees, we should also be aware that running a business requires enough preparation. By being mentally prepared, we are already on our way to gain financial independence, even if it means we need to keep our job, at least for a while. It is important to be fully prepared and we could start by starting the business at a smaller scale as part-time job.