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S3E17: Financial Success vs. Financial Freedom
Manage episode 361619860 series 2971928
Το περιεχόμενο παρέχεται από το Murray Miller. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Murray Miller ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.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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