Accountant's Path To Financial Freedom

Welcome to today’s newsletter 🙂 

I hope you’re having a fabulous week so far.

I posted a video last week about my thoughts on financial freedom.

Financial freedom is a very loosely used word that people use and floats around on the internet.

As a CPA that used to work with many high net worth individuals (very very very rich people)… here are my thoughts.

Some things you can do to become financially free

• By definition, financial freedom occurs when your assets generate you enough passive income to cover your living expenses

• Set your own financial freedom goals. For many people, being able to quit their 9-5 job and hit 10k/mo would allow them to be financially free.
  

• Be aware of limiting beliefs that you have about money & success (“this doesn’t work, I can’t do this, it’s X’s fault”). None of these things are true. When you change the way you see things, the things that you see change.
  

• Be aware of financial habits and thought patterns that you picked from your parents. They may love us and want the best for us, but that is completely independent of money habits.
  

• Passive income math truly only works once you have a significant amount of capital. This capital is usually generated through business. Saving money from employment for investing is a painfully slow route.
  

• Practice good money management and saving money. No matter how much you earn, you cannot earn poor money management.
  

• Set goals with intent. I personally practice manifestation even though I am a hyper logical and data driven person.
  

• Build daily momentum to work towards your goals. Momentum breaks very easily if you get distracted and lose focus.

Stay tuned for tomorrow’s post on personal branding, which is one the biggest opportunities today that can help people achieve financial freedom.