In spite of all the negativity about the condition of the economy, we’re actually living in a time when it’s easier than ever to achieve financial freedom and all of the rewards which come from it.
However, much like during the past transition from the agricultural age to the industrial age, the building of wealth and financial freedom requires a change in mindset.
In this article, we’ll be looking at one of the most solid strategies for increasing personal wealth and building financial freedom…one which is simple to get started with.
The Most Important Investment You’ll Ever Make
Have you ever thought about what the most important investment is that you can ever make? Many say that it’s your own education, and I agree…but these days you can take that a lot farther than you used to.
Starting your own business with your own signature product or service has never been easier than it is today. Between the internet and the global economy, freelance entrepreneurs and small business owners now have a wealth of options available for creating and selling their own products and for marketing their personal services.
Most of what you hear about large companies downsizing is only a part of the story. What you’re not hearing as much about is the skyrocketing number of small businesses which are being founded and people who are earning a living as a professional freelancer. This has also created the opportunity for people to start their own business and invest in that business, rather than sending their money into stocks and mutual funds which go towards building other people’s businesses.
Not only do you have more control over your investment when you invest money into your own business, you can potentially create wealth which will help you to earn money over and over by the selling of a product. As you are reading this, many other people who have invested in creating their own products are collecting commissions or royalties off of that product. There’s no reason why you can’t also be one of these people.
How to Take the First Step to Financial Freedom
Okay, so what’s the first step to building an investment strategy which is focused on your own signature product?
The first step is to stabilize your financial position and start creating the time that you need to work on your new “investment.” If you’re like most people, the majority of the things which you need to do to get started in your own business require more time, not more money. By creating a simple plan, like the four buckets system, for managing your personal finances, you can also develop a strategy for using some of your money to buy back your time.
This is done by paying someone else to do minor tasks around your home which are eating away 5, 10 or even 20 hours of your time every month. Then you can use this time for creating your business idea which you can invest in and use to create financial freedom.
There is more…Click here to receive your free ebook on Personal Wealth Building and learn more…
Image made available by Marian Kraus Photography Inc.
