Financial Intelligence - “It's missing from our curriculum, no teacher, no lecturer, no classroom offers it as a course, but its what we spend the most part of our lives pursuing..."how to be financially free!" I am dedicating myself to set up a system to help 1,000,000 families on the journey to financial freedom by 2020!”...
To Do List
Financial Audit
Current Snapshot
Goal of 5yrs
Invest in Financial Intelligence.
Increase your income streams.
Reduce your expenses.
Open an Escrow account.
Start seeking for opportunities to build your asset column.
Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind” - Seneca
Quick Question
What would you do with your time and life, if you earned enough passively to take care of all your expenses?
Basic F.I Audit
1. What is your current financial net worth?
2. How many income streams do you currently have? How many sources of income do you have? 3. What is your total monthly income?
4. What is your monthly Cashflow?
5. How many of your income streams are active and how many are passive? Do you enjoy any passive income currently?
6. How many years from now do you desire to be financially free? Don’t be in a hurry to fix a small number, think deeply about this and set a target that is reasonable but stretches you a bit.
Paradigms That Must Shift!
- Your goal is not financial security!
- Many things you think are assets are not!
- How much you earn is not important!
- Money, Hardwork, Savings are not it!
- Economics is not all true!
- Savers are not better than debtors!
- Your greatest problems are not enemies!
- You cannot achieve without a map!
On a Survey list of 100 people at 25 in US on a career path till 65. At 65 -
- 54% are dependent
- 16% are still working
- 24% are dead
- 5% are Independent
- 1% is Free
The Medium
The Rich
Amazing topic
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