How To Achieve Financial Freedom Faster Through Business

Published: Nov. 4, 2018, 8 p.m.

b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/achieve-financial-freedom-through-business\\\\/#arve-youtube-q-33_haggx0659a0b2d0eaf3335032774","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/Q-33_HAggx0?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\n\\n\\nYou can accelerate your way to financial freedom by having a successful business. How? That\'s what we talk about in today\'s episode.\\nTranscription:\\nWorking in a job and investing in property is a great way to achieve financial freedom within a relatively quick time frame. We\'re talking 10, 15, 20 years, still earlier than most people achieve financial freedom, but you can actually accelerate that through having your own businesses. And this is something that both me and Ben did. We achieved financial freedom through using business and so we want us to talk today about how business can help accelerate your financial freedom or give you financial freedom. So we want to talk about the reasons why businesses good for financial freedom. Yeah. I think as you said, in terms of a get out of jail or I get out of a job that you absolutely hate. Scenario. Achieving financial freedom through a business can be a lot faster just because the short term cash can be significantly higher than, as you talked about before, like waiting that 15 year period to wait for your property to do it.\\n\\nSaying yes and so waiting for the property to go up in value, waiting for the cash flow for the property to go up as you pay off the debt or as the rent goes up does just take time and there\'s no two ways about it. Obviously you can do renovations and you can add value and things like that, but generally speaking, that is a time factor that you need to wait out and property. Whereas business you can take a lot more action to increase your income and to get to that financial freedom faster. So let\'s just talk a bit about the ways business can help people achieve financial freedom. So we\'ll give you guys some food for thought because I bet a lot of you out there haven\'t thought about starting your own business, haven\'t thought about starting your own side business, so this will just kind of get the wheels turning in your head.\\n\\nGet the cold\'s going as something to start thinking about. So looking at business, Bro, a lot of people think, oh, I might or might not be able to do that and it can be confronting for people to get the confidence to do it and the way that I think you and I did, it was really nice. You know, I started my own little businesses on the side when I was still working for someone else. So there was effectively absolutely no risk for me in starting something and that gave me the confidence with those short term wins, um, that you get from starting your own business and trial and error over time to enable me to now do, you know, full time business for myself for the last five years or with you and to just, you know, excel at it. So I think putting your toe in the water in terms of starting a business can be a great idea and there\'s probably plenty of things that you do day to day or week to week on unique knowledge and skills that you have that you could easily apply to starting a business.\\n\\nYou know, if you\'re a project manager, then you could take on small projects outside of your full time job. If you\'re an it engineer, then you can, you know, pick your time, I suppose on the side or you can like start responding to stuff on air tasker or high pages if you\'re trading on the weekends and start building like a passive cashflow completely outside of what you\'re doing in your actual day to day life, which just can be put back into investing or it can be put back into savings and you can use that savings to obviously go full time into business and speed it up or just do what I did.'