Financial Freedom Roadmap: The Final 2 Hidden Destinations Revealed – 5 Minute Formula

Financial Freedom is thought of as the coveted holy grail of financial well-being and rightly so. Who wouldn’t want to be in a position to exercise the choice of being financially free enough to never have to work again to earn money? Sounds good to me anyway!

Now, if I asked you to quickly write down on the back of a napkin how much money you’d figure you’d need to be totally financially free, it would be fascinating to see what number you’d come up with. It’s actually a pretty tough exercise for most people to do with any level of accuracy. Not to worry, help is at hand with this 5 minute formula!

In a previous article, we used this 5 minute formula to work out the exact sum of money you’d need to reach the first 3 destinations on the road to wealth creation 1. Financial Protection; 2. Financial Security and; 3. Financial Independence). Here we’re going work out exactly how much money you’d need to reach the final 2 destination: Financial Freedom and then just for the hell of it, Absolute Financial Freedom. Here goes, hang on to your hat!

1. Financial Freedom

You will have achieved it when you have accumulated a sufficient critical mass of capital to provide enough income for you to live the lifestyle you desire (accounting for inflation) without ever having to work again for the rest of your life. The keyword here is ‘desire’. This is what differentiates being financially free from being financially independent, which is defined more by what you ‘require’ to live reasonably comfortably.

In essence, this would include having and enjoying all the luxuries in life such as:

Second Home in the Sun ($700,000) – $3, 500/month
35 Foot Boat ($150,000) – $1,500/month
Mercedes Benz ($100,000) – $1,000/month
1 Luxury Holiday ($12,000)- $1,000/month
Harley Davidson ($20,000) – $400/month

The additional monthly unearned income needed for these luxuries comes to $7,400/month i.e. $88,800/annum. Therefore the total cost of being financially free is the $51, 600/annum figure needed to achieve Financial Independence (which we worked out in a previous article) PLUS an additional $88,800/annum = $140,400/annum

Again, using the benchmark of an annual 8% return on investment would mean you’d therefore need a critical mass of capital amounting to $1, 755,000 in order to be financially free. So, as you can see it’s a decent sum of money but I believe within the realms of possibility for anyone who sets about achieving it and re-thinking their approach to income generation and financial planning.

2. Absolute Financial Freedom

When you think absolute financial freedom, think total rock star lifestyle! You can pretty much remove any financial limitations and pick up your air guitar for this one!

You will have achieved this financial level when you can pretty much do whatever you want, with whomever you want, as much as you want – without ever having to worry about money or work again.

So, assuming we’d still like to keep everything we have/do from our list, we now add all the new dream capital items we’d love to have that are not in our previous list. For example:

35-Yacht ($500,000) – $5, 000/month
Ferrari Testarossa ($250,000) – $2, 500/month
Piper Cherokee 140 or Cesna 172 Private Plane ($30,000) -$3000/month
Own desert island ($7,000,000) – $14,000/month

Additional monthly unearned income needed for these dream luxury items comes to $21,800/month i.e. $261,600/annum. Therefore the total cost of absolute financial freedom is the $140, 400/annum needed to achieve Financial Freedom PLUS an additional $261,600/annum = $402,000/annum

Again, using an annual 8% return on investment would mean you’d need a critical mass of capital amounting to $5, 025,000. So, by today’s standards it’s a very significant sum of money/capital. In order to have built up this level of personal wealth, you most likely will have become a noteworthy business owner and quite a sophisticated investor i.e. you’ll be a total money master!


So, there you have it! Financial Freedom and Absolute Financial Freedom defined in terms of an absolute sum of money required each year. So, now you know EXACTLY what it’s gonna take for you to eventually quit working for money and finally have money working for you; to escape the daily grind and retire to Margaritaville…should you want to! Check out my other articles on Personal Finance, Business and Wealth Creation tips to help you reach the financial freedom finish line…fast!

Financial Freedom: Obvious Ways to It

We all want freedom. Every day and every hour people on the bus, in the offices and at homes across the globe are thinking to themselves: How can I be free? For some, this means not working, for others, freedom means having time to spend with loved ones. Anyway, all types of freedom require financial freedom. To do the things we love we need an income, so for that we need financial freedom. Today life is much more expansive than it used to be and more and more people, that could live of a meager pay 30 years ago, need to search for a job. Recently people start to realize that they work for 20 or 30 years and not even able to save any money for old age, not mentioning spending time with family. What a cruel world it is?

So, what is financial freedom? Well if you Google it, you will get thousands of answers, between buying your house without a mortgage and going to the supermarket to buy only those absolutely necessary groceries. In most cases those writing articles about financial freedom are right when they give you tips and advices about buying cheap or save more. However, they are only marginally touching core of the matter: Financial freedom is basically about earning more and spending less. Yes, I know it’s a radical idea but think about it. If you earn X each month and spend X-Y then you will be left with REAL MONEY in your bank account. This is what is most important, and basic, about financial freedom: That in every waking (or sleeping) moment you will have free money in your account. Achieving this will insure that when the day comes and you do want to spend money on something, you will be able to do it.

How to gain financial freedom you ask? Well, it’s basically thinking your life over and making some hard choices. Use this tips that I got of goggling “Financial Freedom” and combed through the hundreds of well written and thought through articles of tips and advices of financial freedom.

1. Financial freedom is about a debt free life. So, look at your debts (yes all of them) and see what are your debts are and how you can get rid of them. Start paying off your shortest debts first. By doing that you will be able to rid yourself of more debts in the shortest time.

2. Financial freedom is about setting up an account for debt. Set aside some money, let’s say ten percent of your monthly income into a special account will ensure you that you will have a fall-back option during emergencies, rather than going into debt. If you can resist the temptation to spend then you can even have a special box or an envelope with cash for emergencies (It’s not for groceries!).

3. Think hard (I mean really hard) on what you need to be happy. Can you go without a new gadget or a pair of shoes? Most people don’t know what will make them happy so they think that spending money will achieve that. Most of the times buying things will eventually make you sad or depressed. After a while you will start to feel ashamed or annoyed because you spent money unnecessarily. So why not avoid it? Start thinking what will make you truly happy and do that instead.

4. Start to think about ways to earn more money. Earning more money equals more money you can spend when the time comes. Look for programs that can teach you about making money online. It’s not a hoax. There are some good programs that can help you make extra cash. However they are not “Click here and earn thousands of dollars instantly” kind of programs. You need to work a bit to make them successful. But that means they are real – there is no free cash. When you see a program that promises you the sky, avoid it! Check at the resource box for a link to a review of one of those programs.

Financial freedom is not about rethinking your mortgage or your grocery list, it’s you way of thinking. It is how you think and how you act that will affect your life for years to come. Sit with your family, or alone, but be true to yourself. That’s the key to financial freedom.

How to Gain Financial Freedom

What it means to be, “Free.”

The sense of financial freedom for the vast majority of people in the world varies. It’s the notion of no longer worrying about financial responsibilities or doubts. Maybe it means you have no more debt and you were able to take an impromptu vacation with your loved ones without having to tell your overworked under paid boss and having him tell you, “No!”, because the company needs better numbers. Maybe you have fears about bills stacking up and dodging bill collectors by telling them that you get paid next week just so you can have your phone stop ringing 100 times a day. Some people might feel financial freedom as being able to buy that fancy car, the home of their dreams, or buying exotic luxuries. Being fiscally free is the feeling of security presently and in the future. You can achieve this by investing to create a comfortable bundle of wealth. Ultimately, what it means to have freedom varies from person to person. People spend money at different rates. Everyone uses money and all manage their money differently, and because of these disparities is why financial freedom is achieved in different ways, and the idea of financial freedom rest on quickly growing your knowledge about finance. This knowledge is gained by reading well written informative articles about this topic.

Figuring Out Freedom

Some might not be able to define financial freedom. By reading various articles in the areas of interests can narrow down your search so you can get closer to your individual goals. You can find many articles on sites on the internet that can be of great value on showing you how to come up with innovative ideas to help finding financial bliss and determining what your personal idea of what it means to being financially independent.

Well written informative articles can cover wide range topics. A lot of articles will just describe what financial freedom is and why just about everyone in the world is striving to achieve it. Other writings are tutorial, by where they give you the guidance to discovering your own intrinsic idea financial freedom. Reading and applying what you read in good informative articles will help you negate any qualms that you may have and give you the fortitude and determination to achieving a financially free lifestyle

Achieving the Freedom

Achieving the desired monetary freedom may seem unattainable at first, but after educating yourself with good informative articles you will be able to start on the road to vast wealth. I bet a majority of the people in the world have acquired the freedom on their own without the aid of old money pass down from grandpa or some kind of new money trust fund. I believe any average Joe can achieve financial freedom. It just comes down to finding and deciding on the right path to take you to your future fortunes.

It is an arduous journey to reach financial freedom without discovering a great opportunity that will teach you and point to the path paved in gold. These types of informative financial articles will give you particulars of various programs so that you can find that suits you because not all programs are made equally. You should concentrate on finding a program that is a good fit for your financial situation and needs.

This coveted idea of monetary independence may seem like a far off dream. But, the more you read the more information you gain and the confidence in deciding on what avenue you want to go down to acquire your dream of financial freedom. My advice about starting out on a becoming financially independent is to be as informed as possible. Reading good well written informative articles will help you achieve your dreams of being financial freedom

Finding Financial Freedom

Do you ever get this in your email box: Find Financial Freedom! Make $150,000 from home in the next 90 days! How about 10 times a day?

Every time I get one of these, I think to myself, “Hmmm, Financial Freedom. I already have financial freedom, even though it doesn’t look like what these emails promise me.”

Financial freedom is a buzzword for our generation. It is the pursuit of literally millions of people. So what is it? Is it that elusive? Can anyone get it?

Let me start by saying that this article will not be about how to earn money, or even more money. Rather, it will be about how to find financial freedom, which may or may not involve making more money.

Financial freedom – here we go!

The first step in finding financial freedom is to realize that financial freedom has absolutely nothing to do with how much money you have or make. What? Exactly. Financial freedom is something that goes on inside of you. This is why someone who makes very little can be happy and someone who makes a ton can be extremely stressed out over his or her financial situation. So the first step is to realize that financial freedom is more about our attitudes toward money than about the amount of money.

“Okay Chris, I’m with you. So what are the attitudes that provide financial freedom?” Here are a few that keep me in financial freedom.

I do not have to worry about money. I used to catch myself saying, “If I had more money, then I wouldn’t have to worry about …” But do you know what? I don’t have to worry anyway. I can control my income. I can control my outgo. I can make choices that can alleviate any of my worries. I also realized that things always work out. So why worry? I choose not to worry.

I can be happy regardless of my financial state. I know people who are worth hundreds of millions of dollars and I know people who don’t have two nickels to rub together. Some are happy and some aren’t. And none of the people who have a lot of money say to me, “Chris, I’ve become so happy since I got money.” They were happy before they had money and they are happy now that they have money. Their happiness has nothing to do with the money. I think it was the Billionaire David Geffen who said, “Anyone who says that money will buy them happiness has never had any money.”

Money will be a means to an end, not the end itself. Another way to look at it is that money will be a tool to build the house, not the house itself. I would set some financial goals if I were you, but go beyond that to know what greater purpose there will be when you reach them. What will the house be that you will build with that tool?

I am free. I am free to earn – some people think it is bad to earn more money. It isn’t. I am free to save – some people believe it is bad to save. It isn’t. I am free to give money away – some people feel they will be better off hoarding it. They won’t. I am free to spend – some people believe that they can’t spend anything on themselves. They can. We are free to make choices. That is financial freedom. One of my favorite quotes is from Charles Wesley, “Earn all you can, save all you can, give all you can.” That will keep you in financial freedom.

Some other principles for financial freedom…

Debt is the primary freedom killer. Want financial freedom? The first thing you should do is to get out of debt. That is priority number one. One of the reasons I have financial freedom is that I have no debt other than my house payment. And I work hard to manage myself and our home to keep us that way. For years I drove an old junker car, and while I looked bad, I had financial freedom that others who were in debt didn’t have!
There is an old proverb – The borrower is the servant of the lender. Who has freedom? The lender. Who doesn’t? The borrower. Develop a plan to get out of debt!

Embrace delayed gratification. Here is the principle: Buy it now and struggle later. Another principle: Delay it now, invest the money, and have all you want later on! And you won’t even have to touch the principal! We tend to think that having it now will bring enjoyment, but unless you can do it and not cause yourself financial stress, you will actually get more from waiting to buy it later!

Have more by managing better. The fact is that most of us earn enough. What would be beneficial would be to set our priorities and live by a budget. As we get control, our budget will loosen up a bit and we will find ourselves enjoying it more. Money that is already there can be your answer if you put it to work for you.

Spend some time thinking through your attitudes about money. You may be surprised at how you can change a few, look at things a little bit differently and begin to enjoy true financial freedom!

4 Tips To Reach Total Financial Freedom Sooner Than You Ever Dreamed!

STOP and picture what it would be like to have TOTAL Financial Freedom, or to be Rich or Wealthy and have FULL CONTROL over your life. Certainly financial freedom is something we are all striving for… right!?! I mean who wants to work for the rest of your life and have nothing to show for it?

…or… Who is happy living paycheck-to-paycheck and having someone else control how much money you can make?

…or… Who likes being told what time you have to wake up every morning, what you must do everyday, and what time you can go home in the evening?

…or… Who enjoys earning just enough to pay off your bills, but never having enough left over to build savings or even to ‘splurge’ on fun things like vacations or traveling?

…or… Who can care less about having enough money in your retirement ‘nest egg’ to enable you to enjoy your ‘well deserved time off’?

You see, you’d have to agree, I think the answer to each of these questions is the same, “DEFINITELY NOT ME!”

So what does it take for you to achieve TOTAL Financial and Time Freedom where you don’t have to work anymore and you don’t have to worry about how much money you are earning? And, is it even possible?

WAIT. Yes it is possible! There is a “Proven System for Financial Success and Getting Ahead” that wealthy people have followed for generations to build financial security and wealth.

If you’re still reading this article, then you’re interested in learning how YOU can set yourself free and gain control over your life, your financial destiny, and your future. I’m going to share some practical tips that can help you gain your freedom.

The main thing to understand before we get started is wealthy people DO NOT Work For Money… Instead, they have Money Working For Them! If you follow these 4 tips I reveal in this article, you’ll be able to reach financial freedom sooner than you ever dreamed.

1. You Must Change Your Values From ‘Poor’ to ‘RICH’!

To become wealthy, you have to think like the rich think. Adopt ‘rich values’ and have a positive attitude towards money. You deserve to be financially free and to have as much money as you need to live the life of your dreams. You need to get educated about how to create multiple streams of income for yourself.

Eliminate ‘poor values’ which is thinking like an employee or a small business owner.

Employees wait to be told what to do and they expect everyone to ‘take care of them’ (ie: their company, their boss, their union, the government, etc). Thinking like an employee keeps you very ‘weak’ minded and ‘needy’.

Small business owners very rarely become wealthy because they think they have to do it all by themselves. They believe, “If you want it done right… you got to do it yourself.” That’s why they start their small business so they can have some level of control and dignity over their life. Sadly, thinking this way has massive limitations for your financial growth potential.

LOOK! If you remember only one thing from this article, remember this…

The richest people in the world build networks… (ie: ‘TV networks’, ‘Telephone networks’, ‘Computer networks’, etc.) and everyone else looks for work. Money doesn’t make you rich — business skills do. You can always use business skills to make as much money as you need or want.

If you believe you need ‘job security’ or you need to ‘play it safe’ and don’t take risks, then you are falling prey to FEAR.

You will never become wealthy working for someone else because you cannot have Job Security and Financial Freedom… You must choose… which is more important to you?

If you desire financial freedom, then start by learning how to control your fear. Everyone of us has a ‘little coward’ inside of them and a ‘courageous person’. Gain control over your fear and don’t let the coward win – let the courageous person win!

LISTEN… Building A Business makes you rich. “If you want to be rich, MIND YOUR OWN BUSINESS!”

2. The #1 Asset A Person Can Build Is To… “Build A Business”

This IS the Secret! You are ready for total financial freedom… aren’t you? Well, you must build your own business in order to achieve it.

3 out of 4 American adults (over the age of 18) want to start their own business. Sadly, few ever do.

The Reasons: Most people can’t afford to invest 5-10 years for their business to become successful… Or they can’t afford the amount of money it takes to build a business.

Face it, the statistics are frightening… this fact is verified by the U.S. Small Business Administration (SBA):
50% of small businesses fail in their first year and…

95% of small businesses fail within their first 5 years.

Above all, people have a fear of failure and this is why most people don’t start a business for themselves. Instead, they go for “job security” and play it safe.

WAKE UP RIGHT NOW… “Job Security” is a JOKE!

You are well aware of the massive number of company layoffs that are happening today. Why would anyone commit so much of their time to working on something they have NO control over.

The truth of the matter is that you don’t own your JOB, it owns you. You’d have to agree that working a JOB (or a career) is like a form of slavery.


You don’t have control over how much money you can earn, what time you have to wake up every morning, where you have to be each day, what you have to do while you are there, what time you can get off…

By knowing this information, you can learn how to regain control of your life, your time, and your paycheck.

Something else you should consider is how risky your retirement program really is.

If you believe that your 401K and your Mutual Funds are going to take care of you… you also probably believe in the Easter Bunny and the Tooth Fairy.

Please don’t get angry at me, someone sold you that bill of goods. Mutual Funds are not safe and not smart and you should never bet your financial future on the stock market.
They are extremely risky for your financial future.

Today, most importantly, you want to own your own business to get your dignity back and take back control of your own life.

WARNING: Don’t start a business that “owns” you either. This is a death trap too. If you are a sole-practitioner, you’ve basically created a business that controls you and not one that you control.

Remember, you are striving for TOTAL Financial and Time Freedom and if you have a small business that requires 110% of your time and energy, this is no better than having a JOB.

Let’s face another harsh reality… when you trade your time for a paycheck, you are nothing more than a ‘slave to the clock’ and you will never become wealthy.

3. Have Courage & Strength To Fight For Your Freedom.

By now you should begin to realize that this is a life or death battle in the fight for your personal financial and time FREEDOM.

It takes courage and it requires strength to win this fight. If you’re an employee you’ve given up your choices… someone tells you how much you make, when you go home, if you get downsized, etc.

You are fighting to be in control of your own choices.

Think about it this way, your boss or your supervisor is a bully telling you how to run your life.

And, the more security you “need”, the less freedom you have. I hate to be blunt, but if you are needy, you are weak. And if you’re weak, you won’t have the strength (nor courage) to win the fight for your freedom.

We already discussed how FEAR is the main reason why more people don’t start their own businesses.

I challenge you to get the courage to not care about what others think. To gain the mental and emotional toughness to withstand the world of ‘big business’. You must learn how to make the yourself stronger.

If you want to be successful today, you have to develop the mental, emotional, and core toughness and get the necessary education for running a ‘big business’.

You deserve your freedom, that’s what the American Dream is all about. Fight for your rights and stand up for yourself. Don’t let others decide your choices or your lifestyle for you.