How to Achieve Financial Freedom Through Investing

To be truly successful: to be free to do what you want, to live where you want, go where you want and have what you want, you need to start investing to become financially free.

In order to be financially free, in charge of your life and your time, you need to be the boss of your own profitable business or you need to set up passive revenue streams that will bring in enough money to live on.

Entrepreneur vs Investor

In order to be your own boss you need to work incredibly hard and have a great idea.

In the beginning, most of us probably don’t have that great idea all figured out yet and most of us probably aren’t in the position to give up our regular paying jobs. I know I’m not ready to jump all in and risk everything.

Even for those who do have that great idea brewing away, it’s important to remember:

According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn.

So, while it’s a great way to financial freedom, starting your own business is perhaps not the best place to start. From my own perspective, it’s something I aspire to do, but it’s something I need to prepare a lot more for.

On the other hand, developing a passive income stream through investing is a much easier proposition. By investing your disposable income, you have the potential to free yourself and build a base that will help you to develop your own business in the future.

So, to begin with, my fiancée and I decided to become financially free and that our best course of action would be to start with investing.

Read on to learn how to become financially free through investing.

Continue reading “How to Achieve Financial Freedom Through Investing”

How to Invest with Purpose: 5 Big Lessons I Learned About Investing Time and Money

When I first started out on this journey to success, I learned that one of the key habits of very successful people was reading – a lot of reading. I had a lot to learn, so I began to do a lot of reading.

The very first book I bought was Investing with Purpose, by Mark Aardsma. This book taught me a lot about investing, but more importantly, it taught me about living with purpose and investing so I can achieve the kind of life I want.

The big lessons I learnt were:

  1. Remember the Big Picture
  2. Be aware of your resources. 
  3. Become the master of time.
  4. Chose investment over consumption
  5. Understand ROI.

Continue reading “How to Invest with Purpose: 5 Big Lessons I Learned About Investing Time and Money”