Make Your Financial Freedom Day Happen

Make Your Financial Freedom Day Happen

Do you live day to day, hoping that at some point you’ll be out of debt and able to save? When you think about retirement, do you just figure that somehow it will all work out in your favor? But stop, has wishing and hoping really ever gotten you what you’ve wanted? If you’ve ever seriously dreamed of being wealthy and are willing to actually do what it takes to make that happen, you must take action today.

I’m a multi-millionaire myself, and I’ve helped hundreds of people to become millionaires. There’s one thing I know for sure: millionaires always have a plan. You’ve got to have a clear sense of direction of where you’re going in order to be able to reach your financial destination. Millionaires determine their financial goals and take action to make them happen. You’ll never find them sitting around crossing their fingers. We’d all be millionaires if that were the case, right? Millionaires don’t wait for wealth, they create it.

Bridging the Gap

There’s a gap between where you are now and where you want to be. We’re talking about the first two here, but here are the five things you need to define and plan your way to Financial Freedom. I review these in detail in my first bestseller, The Millionaire Maker:

1. Your Financial Baseline—where you are financially today
2. Your Financial Freedom Day goals—where you want to be in the future
3. Wealth Cycle™ activities—how you’re going to reach your Financial Freedom Day
4. Leadership of your team—these are the people who will help you get there
5. Financial conditioning (mental/emotional)—why it will work

You need to measure the gap between your Financial Baseline and your Financial Freedom Day—where you are today financially and where you want to be down the road. One of the first steps I instruct my clients to do is identify their Financial Freedom Day. The actual day when you are to reach your financial goals. To define yours, you need to first have a vision.

Your Vision Directs Your Future

Your vision is your ultimate picture of how you want to be living sometime in the not-too-distant future. People who lack a clear vision are like ships without rudders: they sail aimlessly and without a final destination. They may head toward opportunities that appear on the horizon, but then veer off course, unable to reach them.

In order to keep you motivated, your vision must:

· Be exciting enough to fuel your energies
· Be realistic enough to be doable
· Never compromise your values

Most importantly, you need to exercise what I call “no-limit-thinking”. To practice no-limit-thinking, you have to imagine what your life would look like if it were impossible to fail.

Declaring Financial Freedom Day

Your Financial Freedom Day is your vision defined as a measurable goal. This allows you to map out a strategic plan that will get you there. There are three things you need to decide in order to declare your Financial Freedom Day:

1. Your desired monthly cash flow
2. The total net worth you want (real estate, stocks, oil, and other investments)
3. The specific day, month, and year that you want this to occur

I know very well that if you start writing down numbers, they can get a bit discouraging. It’s one thing to say that you’d like to have a net worth of $3 million and a cash flow of $30,000 a month by the time you’re 50 years old. But if you’re 40 years old, currently making $35,000 and are $20,000 in consumer debt, it may seem impossible. But really, it’s not.

Getting from here to there is what my proprietary Wealth Cycle™ process is all about. No matter how far away you may from your Financial Freedom Day it may seem, with commitment, focus, and the right guidance and support from a team, you absolutely can become a millionaire.

At this early stage, take baby steps. This is where a wealth coach or other mentor can guide you.
Talk to my team and members of our Live Out Loud community. We’ve got tons of success stories and wealth building tips to share. The key is to view every hurdle as an opportunity to learn a new lesson and make a better choice.

The very first thing you should do is make a decision and a commitment to take action. Your plan starts there, so start it today

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