Thursday, October 30, 2008

Starting a 'Financial Vehicle' to Freedom, 3 Points NOT To Miss!

By Hayley Weatherburn

Everyone wants to become financially free - well at least be able to spend more time doing what they want rather than what they don't want. Most people are searching on the Internet, keeping their eyes out for the escape route from the rat race, their vehicle to take them towards financial freedom. There are three things to think about your money making vehicle, before plunging into the deep end. Only to find you can't swim in that pool - it's too deep for you.

1. Be Passionate about your financial freedom vehicle, whatever it may be. No one will make money on a long term basis doing something you hate! I learnt this very quickly. My friends told me about the stock market, and tried to teach me - I even forced myself to study it, but the more I pushed myself the more I hated it. I could have been stubborn and ignored my own likes - just in order to make money, but this is not sustainable. The number one key in finding a vehicle that will make you money in the long term, you have to have a vested interest or passion about it. Be proud of your property investing or home based business.

Ask yourself - can you learn to love the money making vehicle you choose? Are you passionate about the way you are going to make money, if so - that is the first point checked off the list!

2. The system needs to be proven. Has the financial vehicle been researched, statistics shown and the proof evident? If it hasn't and you can't find previous examples of success - then be wary. Don't fall for the fluffy possibilities that are only sales tactics, do your research and ask other professionals in the industry whether they have heard of this financial freedom method working. If it's the a stock market system to success - ask a broker have they heard of it, if it's a home based business - research for more information on the Internet.

Investigating that your money making business or investment actually works, will save you time, money and stress!

3. Lifestyle and Freedom Goals are the reason you are looking at a financial opportunity - so make sure you know what they are! Don't get caught up in the excitement of the potential success you are going to have, until you have checked that this opportunity will give you exactly the lifestyle you want. I mean it is all well and great if the property investment scheme is going to give you money in 10 years, but if you wanted an opportunity that will help you escape the rat race now, then you need to look at the next one. This also goes for home based businesses - you may be looking to be at home with the kids, but if you have to be in your home office from 8am until 8pm, then that won't work either.

List the top ten lifestyle goals you want to achieve. Then match them up to the opportunities you are looking at - eliminate the ones that won't work and then start researching the others. This will save you wasted years, when you realise the new opportunity only took you back to the same place you left from!

With these 3 things in mind, and your lifestyle goals written out; with determination and commitment; your money making vehicle will pick you up in no time and deliver you to financial freedom destiny. Good Luck - and choose the "Freedom to live your own lifestyle NOW!

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