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 questions:
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.
- 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?
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.
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.
4 Ways To Use The Financial Freedom Formula
- 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 action.
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 restThe 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 fearful.
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 preferences.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 mindset.
Now would be a good time to take advantage of a free wealth creation workshop like Chris Howard's
"Breakthrough To Success - Wealth & Power" Weekend.
Multimillionaire T. Harv Eker is currently offering a free weekend workshop if you purchase his latest book. To get more information, visit
Secrets of the Millionaire Mind.
The techniques you'll learn can shave months, even years, off your wealth creation journey.
- 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 vehicle.
- Our recommended reading list will give you a starting point. You can find it on the financial resources page.
- You can also search for additional books on financial freedom at the Amazon web site:
(If the Amazon box doesn't display any book titles, just click on your browser's "Refresh" button)
Disclaimer: 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 journey.
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