become financially independant

I’ve learned that money doesn’t buy hapiness and it certainly isn’t everything in life but it does free up a person to be more effective in life in various ways. For example, as I sit here at my desk (while I’m supposed to be working), I am a part of an organization that helps people rid themselves of drugs and alcohol. I am very happy to work within this organization but my abilities are limited here. I feel I am more than just a worker. I am an innovator, a designer, a planner and ultimately a creator. We as humans have fallen into the trap of employer/employee where we have told ourselves that our abilities are limited only to the job that we are assigned to do. That’s just not true. I’ve come to realize that this job is not my life but a means to get money (for now). I’ve learned from various sources that people don’t take the lead in their own life because of three reasons: They don’t have the knowledge, they are lazy or they are too scared. Mine is that I just don’t know how. That is what I am working on at this time.

My vision is to leave my business behind as I cruise 2 weeks across the country on my chopper or take my family away to our summer home and escape the Florida summer heat. Being a race fan I would love owning my own race team one day and enjoy suto racing from the other side of the fence. I’d love my wife to wake up every day and smile knowing that she can watch our son grow up without having to leave for work. All this and many other reason why I am no longer making excuses for my life anymore.

on this one

To become financially independant.

I’ll just use an example from what I read below. Buying and selling a house. Financial stable yes, independent, no.

Having to move, buy, sell, pay taxes, fix, borrow, spend is not my definition of independence.

I want to be free from action to receive my income. I should have called it residual income.

I want to increase my property investment portfolio. In 2009 I want to sell our current home for a $100K + profit and build a new home which I hope to make another $100K +.

I want to be in control of all aspects of my life. By achieving financial independence, I will have more options and can make choices based on want rather than need.

As in, 7 forms of passive income, working smarter rather than harder, if it is to be it is up to me!

I already feel I’m a pretty adamant saver, so really the final step to this goal is to actually have a source of income. I could’ve written down ‘get a job’, but hey there’s other ways more preferable methods too, like own a business, etc.

Well… I live on my own now, I can slowly pay for going back to school, and my freelancing work seems pretty steady and reliable.

For me, financial independence is simply earning more than you spend, and not having to ask people for handouts.

At least for the last 6 months, I’ve been able to do this, which means I think I’ve reached my goal.

I bought 10 ride train passes and netflix instead of pay-per-view

getting some discounts there and having a fixed rate to pay will help me from impulse buying and also make it easier to budget cash out. It’s little stuff, but I bet I’ll see a difference!