Financial freedom is the ability to do what you want when you want without worrying about the bills. It’s the ability to live the life you want to lead. I believe that everyone has the potential to do this, yet some people are their own worst enemies. I hear a range of lies and excuses all the time about why people can’t achieve financial freedom.
Here’s my rebuttal.
“I Want to be Rich to be Happy”
Money is only paper and its only numbers on a screen. By itself it means nothing. Money is valued in what it allows you to do. Becoming rich is an admirable goal, but you need to think about why you’re doing it. Money for the sake of money is only going to take you so far. To stay motivated you have to consider what that money represents and what it’s going to allow you to do.
Take my top Millionaire Trading challenge student as an example. He’s made over $4 million, yet he still wears t-shirts and gym shorts every day. The money has simply allowed him to travel. He hasn’t done this just for the sake of becoming rich. He’s the same person.
“You Need Money to Make Money”
This is one of the biggest lies in the entire world of business and finance. I won’t deny that it’s easier to make money when you already have a lot of money, but it’s far from necessary. Many of my top trading challenge students have begun with $10,000 or even $5,000 or $1,50. You can’t be broke, but you also don’t need to start with a huge amount of money. Not all businesses require a huge investment. My trading scheme, for example, requires little money to get started with. It’s the ultimate low-cost scheme to help you achieve financial freedom.
I won’t say it’s easy, but anyone can do it if they really want to put the effort in.
“Trading is Too Risky”
Trading does come with risks. However, what most don’t understand is that successful traders are taking calculated risks. They’re not wagering everything they have on a single trade. They know how to manage money. I always tell my students that they must practice good money management no matter how much or how little they have.
Everything in life comes with risks. Crossing the road during rush-hour is a risk. But if you can mitigate those risks you’re going to succeed often.
“I’ll Lose All of My Money”
Again, this is fear that stops people from doing what they want to do in life. You will always miss 100% of the shots you never take, a great man once said. Financial freedom doesn’t come easy and if you’re not willing to take even the slightest risk with your money you’re never going to succeed.
Losing all your money and blowing out your trading account only happens when you’re not practicing good financial management. Like I said in the last section, you need to know how to mitigate your risks and to trade responsibly. That’s what I teach and that’s why my students succeed.
Do You Want to Achieve Financial Freedom?
Take the first steps today. Don’t give in to fear and skepticism. Step back and assess what’s in front of you. Remember, not every risk is a bad move.