Financial Freedom Roadmap: The Final 2 Hidden Destinations Revealed – 5 Minute Formula
Did you know that financial freedom is available to anyone who adjusts their approach to earning income and makes it their business to accumulate a specific dollar amount of money/capital,jordan retro 5? Well, if your goal is to reach the financial freedom finish line (and it should be!),retro 5 grapes, then just like any goal setting, one of the keys is having absolute clarity on what your end goal looks like,grape 5s realese date 2013. So, what does financial freedom look like? Read on to discover the visual reality of financial freedom using this 5 minute formula,air jordan 5 grapes! Damn, she sure is mighty pretty! 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,Retro Jordan 8!Now,air jordan 5 retro 2013 grape, 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,jordan retro 5 sale online, 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 financial freedom ( 1. Financial Protection,jordan 5 online; 2. Financial Security and,order grape 5s online; 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 FreedomYou will have achieved financial freedom 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 financial freedom from its predecessor, financial independence, which is defined more by what you ‘require’ to live reasonably comfortably.In essence, Financial Freedom would include having and enjoying all the luxuries in life such as:-Second Home in the Sun ($700,000) – $3,nike air jordan 5 retro v, 500/month-35 Foot Boat ($150,grape 5s,000) – $1,500/month-Mercedes Benz ($100,000) – $1,000/month-1 Luxury Holiday ($12,000)– $1,grape 5s for sale,000/month-Harley Davidson ($20,000) – $400/monthThe additional monthly unearned income needed for these luxuries comes to $7,400/month i,new jordans.e. $88,800/annum. Therefore the total cost of financial freedom 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/annumAgain,jordans 5 grape, 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 secure financial freedom. 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,jordan 5. Absolute Financial FreedomWhen 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 absolute financial freedom 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,retro 5 grapes.So, assuming we’d still like to keep everything we have/do from our financial freedom list, we now add all the new dream capital items we’d love to have that are not in our financial freedom 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,pre oder grape 5s,000,Foamposites 2013,000) – $14,cheap grape 5s for sale,000/monthAdditional monthly unearned income needed for these dream luxury items comes to $21,800/month i.e. $261,600/annum,Retro 5 Grap. Therefore the total cost of absolute financial freedom is the $140, 400/annum needed to achieve Financial Freedom PLUS an additional $261,air jordan 5,600/annum = $402,000/annumAgain, using an annual 8% return on investment would mean you’d need a critical mass of capital amounting to $5, 025,000 in order to secure absolute financial freedom. So, by today’s standards it’s a very significant sum of money/capital,cheap air jordan 5. 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!ConclusionSo,grape 5s 2013, there you have it,cheap jordans! 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,jordan retro 5 2013! Check out my other articles on Personal Finance, Business and Wealth Creation tips to help you reach the financial freedom finish line…fast! Author’s Bio:
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