Favorite Links

Sunday, March 12, 2017

The Surprising Difference Between Being Rich & Being Free

The Surprising Difference Between Being Rich & Being Free 
(And Why They Are NOT The Same Thing)
T. Harv Eker

I recently did a call where everyone participating had a traditional 9-to-5-like job.

I’ve never had that before in a teaching situation. I’m normally involved with a lot of entrepreneurs. But on this call I hardly knew how to talk to them.

After a little resistance to what I was saying, they finally started to open up about their collective biggest concern — they were all worried about their financial future and God, they should be! They wanted to know the fastest way to financial freedom.

I said to them, “Listen, the biggest mistake most people make is equating rich with free.

Everybody I’ve ever talked to wants to be financially free. I’ve never talked to anybody that doesn’t want that.

But what you must understand is that you don’t need to be rich in order to be free.

If you set your sights on becoming rich, it is not necessarily true that you’ll become financially free. They’re not the same thing.

You Don’t Need To Be Rich To Be Free

Here’s what 99% of people don’t understand:

If you want to go for what you want, go for it as directly as possible. Don’t beat around the bush.

A lot of people say, “Well, I’m going to do what I need to do to be rich and then the end result of that is I’m going to be financially free.”

Maybe yes, maybe no.

Believe it or not, there are a lot of rich people who aren’t free. They have to work their asses off to keep their wealth because they didn’t set it up properly — that is, they didn’t systemize their businesses to run without them needing to be there. They didn't learn or model from others who have succeeded before them.

The road to financial freedom is different than the road to riches. They’re fundamentally different strategies.

First Free, Then Rich

So here’s how I would recommend going about this: First free, then rich.

It takes a lot less money and therefore less time to be financially free than it does to be rich.

If someone says, “I’m a millionaire,” I go, “Great, where do you live? Because where I live we barely can buy a house for $1 million.”

You see, to be rich you probably need to be in the multi-millions.

Rich is rich, but you can be free by earning, depending on your lifestyle, $65,000 a year. You can live a decent life, depending on what you’re doing and your wants and needs, especially if you have your mortgage paid and debt already handled.

It’s a whole different world to try and get to $20 million versus $65,000.

It is the biggest problem for most people who are confusing the two. They’re doing what it takes to get rich, which could take forever, in order to be free.

Free can take a very, very short time… if you know what you’re doing.

Just make sure you know the difference between being rich and being free.

1 comment:

  1. Thank you for sharing such valuable and helpful information, tips and knowledge. This gives me more insights on this. I would love to see more updates from you.

    Australian Shares to Buy