{"id":722,"date":"2020-06-30T05:00:25","date_gmt":"2020-06-30T10:00:25","guid":{"rendered":"http:\/\/blog.harveker.com\/?p=722"},"modified":"2020-06-30T05:00:25","modified_gmt":"2020-06-30T10:00:25","slug":"financial-freedom-formula","status":"publish","type":"post","link":"https:\/\/www.harveker.com\/blog\/financial-freedom-formula\/","title":{"rendered":"How Much Money Do You Need To Become Financially Free?"},"content":{"rendered":"

Most of us dream of achieving financial freedom<\/a><\/span> \u2014 that moment when we don\u2019t have to worry about how we\u2019re going to pay the bills or make rent, when all our basic needs are provided for. <\/span><\/p>\n

When there\u2019s enough left to set aside for whatever we desire, whether that\u2019s paying off debt, recreation, or a long vacation.<\/span><\/p>\n

But what is<\/i> financial freedom, really?<\/span><\/p>\n

Simply put, financial freedom is having enough income coming in to not have to trade your time for money anymore. <\/span><\/strong><\/p>\n

Most people believe that working until you retire or getting rich is your best bet for becoming financially free.\u00a0But being rich doesn’t necessarily mean you’re financially free.\u00a0<\/span><\/span>In fact, 95% of people have <\/span>this misconception<\/span><\/a>.\u00a0<\/span><\/strong><\/span><\/p>\n

So today, I\u2019m here to tell you there\u2019s a better way. <\/span><\/p>\n

That way, you build\u00a0yourself a stream or multiple streams of <\/b>pass<\/b><\/span>ive income<\/b><\/span><\/span> that can pay for your expenses and more<\/b>\u2026 without the need for constant, tiresome work.<\/span><\/p>\n

In this article, you\u2019ll learn:<\/strong> <\/span><\/p>\n

    \n
  1. What passive income is and why it\u2019s the best way to achieve financial freedom.<\/span><\/span><\/span><\/span><\/li>\n
  2. How much money you need to be making to become financially free (in 2 simple steps).
    \n<\/span><\/span><\/li>\n<\/ol>\n

    By the end of this article, you\u2019ll be able to identify how to earn passive income and how much money you need to be earning passively in order to be financially free.<\/span><\/p>\nHow Much Money Do You Need To Become Financially Free? <\/a><\/span>Share on X<\/a><\/span>\n


    \n1. What Is Passive Income<\/strong>?<\/h2>\n
    \n

    Passive income is exactly what it sounds like <\/span>Money that comes in whether you\u2019re actively working or not. <\/span><\/strong><\/p>\n

    It may sound strange at first, but it really does make a lot of sense.<\/span><\/p>\n

    There are two main ways to make passive income:<\/span><\/strong><\/p>\n

    1. Investments working for you <\/span><\/h3>\n

    The first major type of passive income is an idea most of us are familiar with already: investments<\/strong>. <\/span><\/p>\n

    These investments generally create monthly income with a fixed or standard rate of return attached to them. <\/span><\/p>\n

    This would include vehicles like bank and government bonds, corporate bonds, t-bills, rental property income, etc.<\/span><\/p>\n

    2. Business(es) working for you <\/span><\/h3>\n

    The second type of passive income is the one that\u2019s harder for most people to wrap their heads around: passive business income. <\/strong><\/span><\/p>\n

    Many people assume that running a business means you need to be constantly working in order to achieve any real success. But that\u2019s actually not true at all.<\/span><\/p>\n

    Instead, what you need to do is create a business that has the potential to be systemized so that it can work without you.<\/strong> That way, rain or shine, money will continue to flow in whether you\u2019re putting in the hours or not.<\/span><\/p>\n

    The reality is that you want to have BOTH investments and business always working for you.<\/span><\/p>\n

    Watch this sneak peek video of my free video training, “The Fastrack To Freedom,<\/em>“<\/a><\/span> and you’ll see why:<\/span><\/h4>\n