Economic Independence

Economic Independence

Economic IndependenceMany of my clients have wanted to achieve economic independence their whole life and failed.

Financial freedom or economic independence what ever you want to call it, it is a much sought after idea that many people simply can not achieve. Here at FearlessPursuits.com, readers will learn what it means and what it takes to reach economic independence. Along the way, I will expose my evil plan for world domination. Just kidding. This is your resource for learning from a successful community of just how to achieve your goals of being financially free.

First off, economic independence is many things but first I want to address a major reason why most will not achieve financial freedom.

[rad-hl] Simply put…they don’t want to do what it takes.  [/rad-hl]

Let me give you an example. Years ago when I was a personal trainer and nutrition coach, I would see failure and success daily. Why did people fail? Was it me? Well after all I was the trainer and coach. Actually, no it wasn’t me. The scenario was all too common where a client would work very hard in the gym then go out into the real world and eat a doughnut. They were given a set of rules and knew the formula to succeed but their other wants won over.

What do I mean? Well, let me put to you this way.

The real world that we live in every day can create sabotage in so many of our goals. You can’t get away from someone selling something to you that you didn’t know that you wanted in the first place. It’s temptation that creates failure. These people will not do what it takes.

We have a million books out there that teach people about how to eat in a healthy way but the obesity rate climbs yearly.

Now I don’t want to go on a tangent about weight loss here because that’s not what economic independence is about. You see the analogy is the same though. We have countless books and training programs out there that teach us how to be financially free but why aren’t more people experiencing financial freedom?

Christmas is another example of temptation. We don’t need to spend so much money but we want to. Well, it’s not big news here but if you go into debt to make Christmas special then you are NOT doing what it takes to be financially free. It’s yet another example of temptation sabotage. This is a mindset trap that more than 65% of all Americans fall into.

Tiny steps could mean BIG profits!

Let’s take a look at one tiny aspect. Paying yourself first. This is not a new concept and it’s not rocket science yet why are Americans having such a difficult time saving money? It’s the stories we tell ourselves. Yes, that’s right these are not truths or even realities in most cases. They are just stories. Stories like I can’t afford it or I have to have that house. It’s a fast-food society and we all want-what we want…right now. As long as we have this mindset, we won’t be able to afford to pay ourselves first.

What is economic independence?

[callout template=”sunset”]Economic independence is more than having copious amounts of the green stuff. It’s the opportunity to be who you truly are and do what you truly need in life.[/callout]

For me, I get to stay home and homeschool my kids. I get to do what I love and make a great living. Having economic independence means I don’t have to rely on the government to help me. Single mothers like myself, have a high likelihood of making less money once they go it alone. It doesn’t have to be that way. That isn’t my story against the odds and it doesn’t have to be your story either.

Let’s talk for a moment about identifying how to be fiscally free. You need to identify what it is that is holding you back from making the necessary changes. What is it that causes you to stay complacent? There is no doubt a process of self-growth here that seems to be necessary and at the same time seems insult people. Time and time again, the realization that someone is making a mistake or needs improvement will make them angry. Imagine admitting to the world that you aren’t doing what you need to do. That’s a tough pill to swallow all on it’s own but telling people is even tougher. Many people come around to real change while others don’t.

Why?

  • Pride
  • Weak-minded
  • Won’t follow the steps
  • Wrong mindset

What does economic independence mean to you?

This is an interesting question. It seems, if you ask different people, that the answer to this question receives different responses. This could mean that a person has enough money to pay for their expenses while another person has financial freedom if their passive income pays for their lifestyle. What does economic independence mean to you? How about this, what does freedom in general mean to you?

You can clearly see there is a mindset shift for many of us which explains for certain success or failures. What’s more is that the clarity of the financial mindset changes over time. We tend to spiral one way or the other. The force of taking action will push one person where the continued negative behavior will make another spiral into failure. You can want something all you want but if you don’t take steps in the right direction, you simply will not win!

The reality is there really are specifics that need to be outlined in a persons financial lifestyle and that is what we will uncover here in more depth as time goes on. You will begin to see other ideas which could make all the difference in encouraging you to set a new goal and ultimately take action. Learning something new which could help you reach economic independence is part of the plan too so stick around and lets just see how bad you want it!

Photo; (Thanks Rocky Lubbers)