What do you do (workwise) currently that makes money?

Maybe you work at a job that pays you a fixed salary every week/month. Perhaps you are self-employed, working as a freelancer or entrepreneur.

Making money from a job is not enough to achieve financial freedom. You can never become wealthy by doing so.

Even if you do it somehow, it will take a long time. You will be old by then, and you won’t be able to enjoy your wealth.

The Dream to Achieve Financial Freedom

You dream of having financial freedom. You want to travel the world, own expensive things, and enjoy life without caring about money.

Working at an office all your life sounds miserable. Thinking that you will earn money, retire, and enjoy your wealthy life at 65 is just sad.

It is not worth it if you cannot enjoy your wealth while you are young and have the energy to do so. Your goal should be to achieve financial freedom in the next few years rather than decades.

The Only Path To Financial Freedom

Passive income is the first thing that you’ll need to become wealthy. It means that you need to earn money even when you don’t work, perhaps in your sleep.

Owning a piece of a business is your only path to financial freedom. It will make passive income and provide a chance to mass-scale your income.

What does owning a business mean? Does it mean you have to start your own company and sell products and services to people? Sure, that would be great if you could do it.

But, there are other ways to own a business without working directly for the company. It is by investing in companies. Buying company stocks is an example. When you own stock in a company, it means you are a part-owner of it.

Rich People Own Businesses

Warren Buffett owns stocks in many companies. Similarly, Jeff Bezos, Elon Musk, Bill Gates all have businesses that they own.

Some rich people work directly for their business, while others (like Warren) own company stocks. You can do either or both.

Another way to look at owning a business is by creating a system. As MJ Demarco says in The Millionaire Fastlane, money grows on trees if you plant money-growing trees.

Of course, he did not mean it in a literal sense. But, what he meant is that if you build a system (perhaps a business) that generates money continuously, you can become wealthy fast.

Every wealthy person you know owns a piece of a company. You need to start looking for businesses to buy if you want to become rich.

What next?

So, what should you do next? Should you start a company? Or invest in other businesses?

If you have the skills and determination to start a company and become an entrepreneur, do it. Don’t wait for the right time because it will never come. The right time is now.

On the other hand, if you don’t think you can start a business of your own, you have the option to invest. Learn and invest in stocks, bonds, and other financial assets.

But why not do both? Sure, that would be the best. Most wealthy people do both. They have their own company and also invest in other businesses and companies.

Summary

Everyone dreams of financial freedom. But, most have the false idea that you can do so by working hard at a job. You think you can work hard, save, and become wealthy.

If you have such a belief, you need to change it now. You will never become rich by working and saving money. You must own a piece of a business.

Either start your own business or invest in others’. Do both if you can. A business is the only path to financial freedom. There is no other way. You have got to buy and sell stuff.

No rich person ever becomes so by working a 9-5 job. They owned businesses and assets that made huge money. So, as I said, if you want to become financially free, own a piece of a business. Learn about investing; put your money to good use; make money with the money you already have.

As Robert Kiyosaki says in Rich Dad Poor Dad,

“The rich don’t work for money.”

 

“The poor and the middle class work for money. The rich have money work for them.”

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