How Is Financial Freedom Achieved? One Step at a Time

[arve url="https://www.youtube.com/watch?v=w_TuFh2VEnA" mode="lazyload" align="center" /] You can't achieve financial freedom in one big step, in one big leap. What it takes is a lot of little steps. So what you need to start doing is looking for little actions you can take to grow your financial freedom. 0:00 - I didn't achieve financial freedom all at once, it comes one tiny activity at a time 0:41 - How do you achieve something big? One tiny bit at a time 1:48 - Don't focus on your goals, focus on your daily actions 2:50 - It can start with something really small 4:02 - Building any skill takes time, it is no different with investing 5:52 - What I don't like about people who talk about investing, they don't talk about growing as a person (mineself included...awkward) 8:17 - You have so much potential if you apply yourself and challenge your brain 10:11 - Focus on who you need to become to achieve the wealth you want, then start progressing towards becoming that person 11:43 - You're focusing on two things - ACTIONS and BECOMING 13:35 - How I'm applying this idea to my life 14:35 - Don't be a mindless zombie investor 16:21 - Become a person where financial freedom is easy and inevitable $1,000 Project Book Review - https://www.youtube.com/watch?v=HEVkseXw2H8 Recommended Videos How I Achieved Financial Freedom at 28 - https://www.youtube.com/watch?v=FmrwiK3Itnw Transcription: It took me about a solid 10 years of working online before I achieve financial freedom through my online businesses, but I didn't achieve financial freedom all at once and it wasn't one thing that led to my financial freedom. Financial freedom actually comes one tiny activity at a time. If you can hear the echo, I am actually moving house and as you can see there's a fair bit of mess and not a lot of furniture left. It's been a big job trying to clean up this house by myself and it reminds me of a saying that my old manager gave to me, which is how do you eat an elephant? One bite at a time. Now I'm vegetarian, tiny animals. I wouldn't eat an elephant, but I really like that analogy. How do you achieve something big one tiny bit at a time. You just take the next step and move towards that. Now this echo is going to really annoy some of you and I bet the mess behind me is annoying. A lot of you as well. So I'm just going to move into another room. Alright, so the echo is probably a little bit better now, but the rooms just as an se, so let's go ahead and shut these doors and pretend that everything's okay and everything's clean so you can't achieve financial freedom in one big leap in one big step. It comes through a lot of little actions that you take in order to achieve that goal. And so what you need to do is to start looking at what are the little actions that I need to take to actually achieve that goal. So myself and with the way that I look at it with the way I look at financial freedom with the way I look at growing my wealth and growing my business. I have my big goals of financial freedom, how much income I want my business to generate. I set those goals. I'm passionate about those goals, those goals ground me and drive me forward. But rather than focusing on those goals, I kind of put those goals in the back of my mind and I focus instead on what are the things that I need to do in order to achieve this goal. So rather than wishing and dreaming and hoping for this particular thing, I'm actually using that to drive me, yes, but my focus then becomes what do I need to do and who do I need to be in order to achieve that big goal that is granting me and that is pushing me forward. And so if your goal is financial freedom, there's so many different ways that you can go about achieving that, but you need to work out what are the little steps that I need to take? What are the daily actions I need to take? What is the type of person than I need to be able that I need to become in order to achieve that goal? And it can start with something as little as creating one passive income stream. So right now you might be working in a job and you have source of income, but it's on a passive income because you have to keep going to work in order to earn that money. And if you start going to work, then the money is going to be cut off and you won't receive it any more. So what you might need to do to get yourself started is to say, okay, I got a big goal that was out here. Now it's in the back of my mind. That goal is financial freedom. What do I need to have in order to achieve financial freedom and it's have multiple sources of passive income, and then who do I need to become? I need to become someone who can create assets that generate passive income, become someone who can make a lot of money. So I've got free money to invest to buy assets that create that income or I to be someone who can invest really well and then reinvest my profits to grow it from there. So you look at the steps that you need to take. You need to start acquiring passive income strains and the person that you need to become is someone that is good at earning money. Someone that can create assets or someone that can purchase assets and so rather than instantly going out there and trying to look for a way to get rich, think of this as a journey towards becoming that person. Then you need to become to achieve financial freedom when it comes to any skill, whether it be making money, whether it be investing or whether it be something as simple as playing a sport. You build up that skill over time, you become better over time and to build up a skill, you need to focus on one small aspect of it, develop that and then move on to the next aspect and the next aspect. For example, if you're learning to play tennis, you'll start with being able to hit the ball back and forth. You will learn how to serve and then as you improve, get an overall grasp of the game, but you won't be very good. This is like when you're investing, you start investing to generate passive income streams, keeping passive income as your focus. You'll invest, but you won't be very good. You won't get great returns. You won't be very good at creating passive income assets. You won't be very good at leveraging and growing those quickly. You'll have an overall grasp on it. You'll be doing it. You'll be moving in the right direction, but it be really slow because you just won't be very good at it. The same with when you start playing tests, if you try to compete against better people, you're going to lose because you're just not very good, but by continually applying yourself and continually practicing, you're going to improve your skills and investing. You're going to improve your skills at making money. You're going to improve your skills at creating assets and so by focusing on doing the daily actions that are going to make you become this person who can make lots of money, but realizing that it's a process and that you had to start small. You have to learn small. What I don't like about people when they're talking about investing in the share market and things like that is that they have one particular strategy which I think is a great initial strategy. Obviously you want to time the market cycles and things like that, but looking at investing in things like dividend paying stocks. That makes huge sense in the beginning and stock market tends to perform pretty well over the long term. Getting that passive income from dividends is great as well, but if that's all you're doing, it's going to be a very slow process. In order to become financially free. It's going to be a slog. It's going to be difficult. You're slowly invest. You might invest a thousand dollars here, a thousand dollars there, $5,000 here, and you're slowly grow your portfolio and slowly grow your passive income, which is great. If you haven't read it yet. Do check out the book, the $1,000 project by Canna Campbell, which I'll link in the description down below. I've also done a review on that book which I'll link up to as well, but she talks about saving chunks of money in a thousand dollars and then investing that into the stock market or using it to pay off debt. And I think that is great and that obviously compounds over time, but what I don't like is that set. That strategy is so simple that you're not developing yourself. So if you're just doing that and you're not looking at ways of expanding your income, then you're going to be on a very slow path to financial freedom. If that's your simple investment strategy, great. You don't need to think about that anymore. You're not using your brain in order to invest in that to pretty simple strategy. So then what you want to do is apply your brain to how you can earn more money. Now that might be earning more money in your job by getting a promotion, by getting commissions, by whatever it may be, or it may be applying yourself to making money on the side. Maybe you're doing value arbitrage where you're purchasing stuff for cheaper and then on selling it. Maybe you're creating a side business, offering a service, but take time. Use your mental energy to focus on how to make more money because that will then speed up the process of growing your investments. Because if you're a slowly investing and you're just earning the same amount of money every year and it's not quite enough, you're going to get there eventually, but it's going to be slow. But you have so much mental capacity, you have so much power in your brain, so much creativity. Your mind will solve problems if you can apply yourself and put your mind to the task of solving these problems so you want to be challenging your mind and asking your mind hard questions. How can I make more money for me rather than investing in stocks rather than looking at earning more money through my job rather than even looking at earning more money directly through my business.