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S3E17: Financial Success vs. Financial Freedom
Manage episode 361619860 series 2971928
Contenuto fornito da Murray Miller. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Murray Miller o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
In this episode Murray exposes the BIG LIE as he dissects the typically subtle differences between Financial Success vs. Financial Freedom. Not recognizing the difference could trap you in a financial cage!
Financial Success vs. Financial Freedom
Many of us focus on financial success, especially when we are first starting out. Do you believe that being successful means making a considerable amount of money? If we were to take a look at some of the wealthiest people in the world what we will learn is that a high percentage of them make money from multiple streams of income.
The difference between these two mindsets to me is drastic – I call one financial success and the other financial freedom.
Financial success requires our ongoing participation to generate revenue on a continual basis.
Financial Freedom to me is not having to work for money and having the freedom to do what you want when you want – your income continues regardless. Think of Financial Freedom as the ultimate destination – and everything else is a stepping stone on the way.
In this episode, we discuss the difference between the two to understand how to achieve the latter. Join in as I walk you through the ways and means to become financially independent!
Value points:
- When you get a raise, you start making more, your business takes off, you’re in a new sector — but all of a sudden, your expenses shoot up, luxuries become necessities.
- You can’t outwork an income-producing asset.
- Case study – It’s not always about the product! How McDonald’s’ success stemmed from providing an average product and mastering a system of delivery to the online consumer and doing it better than their competitors.
- For long-term financial freedom, the industry you’re in must be enjoying a positive growth trajectory.
Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.
Join the conversation on Social: Facebook, LinkedIn, Instagram, YouTube, Twitter, TikTok
The post S3E17: Financial Success vs. Financial Freedom first appeared on The Family Business.
The post S3E17: Financial Success vs. Financial Freedom appeared first on The Family Business.
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