10 Simple Steps to Achieve Financial Freedom - Learn How to Build Wealth Quickly!

After watching this video, if you follow the steps shown, you will be able to find financial freedom with yourself!
#financialfreedom #buildwealth #makemoney
Timestamps
0:31 - Equity/Ownership
1:24 - Good Debt
2:15 - Ownership Vs. Hourly Wage
3:30 - Growth Mindset
5:25 - Intrinsic Value
6:13 - Entertainment
6:50 - What's freedom?
7:15 - How much do you need?
7:42 - Learn to manage finances
8:13 - What's a Liability?
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1. Gain equity/ownership
The things that gain monetary value are things like business, stock and real estate. What loses monetary value are things like cars, clothes, and cash. Some cars and clothes do gain value, usually they're limited edition or special to the market. But cash, no matter how you put will forever lose value because of inflation, if you have cash you better be using it to gain equity / ownership of something that increases in value. With inflation and stimulus checks passing, it caused the dollar to drop quickly in value. As you can see as of May 2020, it has dropped down a lot. After stimulus checks were given big corporations became wealthier, why? Because they gained equity in stock, which caused the stock market to rise and their equities or things they own increase in value too. Cash is trash and equity is king.
2. Get good debt to get equity
Good debt is debt that's used to get equity in something. When you gain ownership you begin to have control and not your situation controlling what you can do. The way it works is you get a great credit score so you can get low interest loans that match or are lower than inflation at around 2-3%, and the real magic happens here. Your cash debt can have the same value or even decrease in value, while the equity that you purchased increases in value.
3. Ownership over Hourly Wage
What do you prefer? To get a good hourly rate or to own something? The answer may seem obvious. But most of you guys prefer to have trashy cash now and a lot of it quickly, because ownership doesn't guarantee that you get paid a certain amount or even at all. There is risk to it. But the advantage is the control that you have, instead of bowing down to the almighty cash, and working 40 hours having no control of anything and all you get is a piece of paper that decreases in value. So what's more risky? Giving up time for paper or giving up paper for ownership?
4. Growth mindset
Instead of imposing limitation, which tends to happen when you give yourself up to cash. Meaning all your time is sacrificed for a wage. But if you begin to understand that you have absolute control no matter what. You will begin to realize that the limit is self imposed. The oppression we put on ourselves, the insecurities that don't let us go above and beyond. To be free and financially independent takes adaptability because the market won't wait around for change.
5. Understand what's intrinsic value
Intrinsic value is the value something holds on its own. Think about real estate for example. The intrinsic value value of it is that people can live in it, work in it, and much more. In order to make a building it takes labor and planning. What's the intrinsic value of a dollar bill? A dollar bill is just made out of cotton and linen. A dollar in itself is like a piece of loose leaf paper. The only value it holds on its own is nothing.
6. Entertainment
Entertainment from its Latin roots means to hold together and maintain in place. When you're watching entertainment try not to dive to deep into it because the whole purpose of it is to keep you in place.
7. What it means to be free
This is up to you because freedom can be different for many people. Whether you see freedom as travel, staying home or even working as much as you'd like. Once you have established what freedom means to you. You have to create a path for yourself so that you can make it happen for yourself.
8. How much do you really need?
Whether you'd like to live off dividend investments, real estate or a business. You need to calculate how much you'd need on a month to month basis to sustain the lifestyle you have always dreamed of having.
9. Learn how to manage your finances
There is no point in getting the assets you need to live freely you can't be managing everything.
10. Understand what's a liability
A liability is anything that doesn't add any monetary value to your life, the opposite of this is an asset which adds monetary value.
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Disclaimer: Please consult with a professional before taking any financial decision, I am not responsible for any financial decision that you take after you watch this video. This video and its contents is made for entertainment only.

[@MariaTorres-xm5un]

Damm got me rethinking my life plans

[@JelfriTorres]

Got to do it!

[@darreniquetodd8308]

So basically this is for jus ppl on the states

[@JelfriTorres]

That is true!

[@aCeLiFyVS]

dam so much editing

[@JelfriTorres]

Yes it’s a lot of work!