become financially independant

I’d like to make and entry about this, as I can see that the term “financial independence” is being used by some folks to mean “I earn my way with my own hard work”, while others are using it to mean “I don’t need to work any more”.

My goal is the second one. I’d urge anyone to read Robert Kiyosaki’s “Rich Dad, Poor Dad” and “Cash Flow Quadrant” to get clear about this. It’s like a secret hiding in plain sight.

I’ve been independent for years, but it’s only in the last few months that I’ve understood what financial freedom means, and how I’d need to change my thinking to achieve it. But I have changed my thinking, I’m acquiring a new education, and it’s paying off. I’m building assets that will continue to put money into my pocket when I’ve stopped building them, and I’m looking into giving up work (swapping my time for money) by the middle of 2008. In other words, I’ll have achieved more in 18 months that I did in the previous 30 years.

Taa-daa!!!

My major means of creating passive income is kicking in. My network marketing business is now making more money than my property investments.

To give you some idea, it took me thirty years to save up the money I’ve got invested in property. It’s taken me six months network marketing. Every cent I saved for property was money I had to find from somewhere. Every cent I’ve put into network marketing is money I was going to spend anyway! I seriously wish that I’d paid attention when I was first shown network marketing in 1981! Doh!

I’m about to commit to making an investment through some colleagues. It’s exactly the kind of property deal that I’m interested in. I provide a bridging loan to some people reccomended through advisors I trust, they pay me back in six months or less with a large chunk of interest attached. In the meantime, I’m getting on with creating other income streams that require me to be present, at least to get them rolling.

Well, I’ve stopped relying on hope! Instead, I’ve been reading and reading and reading, and I’m now spending time listening to CDs. Next, I’m starting to hang out with others who have the same things in mind. This is going to become a hobby for me.