Achieving Financial Freedom

Once you got a million in the bank, you’ll never be broke again. How true is the above statement? And do we really need a million dollar in achieving financial freedom? What is the difference in achieving financial freedom with 500,000 and 1,000,000?

How much will you need to prepare for retirement?

What do achieving financial freedom means to you?

Achieving Financial Freedom

In very simple term found in Robert Kiyosaki book, financial freedom is when your income is always more than your expenses, forever, without sacrificing your current living standard.

Financial Freedom = Income > Expenses, Forever

I always remind myself that in building our financial freedom, 3 important career criteria must exist, that are:

1) Repetitive
2) Accumulative
3) System oriented

When we know we are in career business of building financial freedom, mental strength is very important.

This mental strength involves mental focus and mental perspective reaction.

When we encounter challenges, mental focus in career activities will channel synergy in career development.

Mental perspective reaction means how we react when we encounter challenges, whether we treat it positively and perspectively.

For mental perspective self help, you may check out the Think and Grow Rich eBook (where you’ll get some insights of the think and grow rich secret) or Wallace Wattles The Science of Getting Rich.

Achieving Financial Freedom

From above definition and simple statements about the components in achieving financial freedom, it brings to another question: How much is enough in achieving financial freedom?

Does anyone really need 1 mil ? 2 mil ? 10 mil ? or even a billion dollar to be financially free?

Not necessary.

How much money is enough ? Check out the answers here: http://www.howtze.com/blog/?p=74

How Much Money Do I Need To Retire?

In summary, it depends on the lifestyle you are looking at when you retire.

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