My Strategy For Long Term Financial Freedom
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\\\\/my-strategy-for-long-term-financial-freedom\\\\/#arve-youtube-v3j_z6etv94659a0b2c0fe83921615310","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/V3j_z6etv94?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\n\\n\\n\\n\\n\\n\\nLast week I got real and raw and talked about how I got into debt, now I\'m looking forward and sharing exactly how I plan to achieve long term financial freedom. Get you free property strategy session - https://onproperty.com.au/session/\\n\\n\\n\\n0:00 - Introduction\\n0:36 - What is unique about my circumstance that means I\'ll likely be financially free in 1-2 years\\n2:50 - Step #1: Build up my income (businesses)\\n4:19 - Step #2: Pay off bad debt and live conservatively\\n6:59 - Step #3: Invest in property using the 2 Properties to Financial Freedom Strategy\\n9:40 - Step #4: Focus on paying off debt on my properties and own them outright\\n11:18 - Bridging the gap between pseudo financial freedom and real long term financial freedom\\n12:18 - What I love about my strategy\\n\\n\\n\\nRecommended Videos: How I Got Myself Into Debt - https://www.youtube.com/watch?v=0lHQ-7LjR0w How I Will Pay Off My Debt - https://www.youtube.com/watch?v=TPuX7B6BPFY\\n\\n\\n\\nTranscription:\\n\\n\\n\\nSo last week I got pretty vulnerable with you and talk to about the myriad of things that caused me to find myself in the current situation that I\'m in, where I\'m in debt. So we looked into the past and now we\'re going to look into the future towards the plan that I have, the how I plan to achieve longterm financial freedom. And the goal here is that I\'ll take you on the journey with me so you can see as this adapts and changes as time goes on and whether or not I actually achieve this and get out of debt and go on to achieve the financial freedom. So what is the strategy in a nutshell? Well, something that\'s really interesting about my circumstance that\'s probably different from most people is that yes, I run my own business so I don\'t have a job. But the income that I earned from my business is still, the majority of the income is still passive income.\\n\\n\\n\\nSo it\'s income that I\'m not working for. And so while I no longer consider myself financially free, as in a business doesn\'t generate enough passive income in order to pay my expenses. So I need to work the work that I do actually generate more passive income. So the work that I\'m currently doing to grow my business is actually growing the passive income of my business. So what that means is that in a period of six to 12 months, not only will I be paying off debt, but I\'ll also be growing my passive income to the point where ideally in six to 12 months time, maybe 12 to 24 months time, I will achieve that pseudo financial freedom again. So I\'ll be effectively financially free through my businesses and they\'ll generate me enough income that I won\'t need to work anymore. Now, the decision that I made in the past when I was 28 and this happened in the past, was that I would stop working and then I would try and find what made me happy in life because I was very disillusioned achieving financial freedom and I didn\'t know what motivated me to work.\\n\\n\\n\\nAnd I find I\'m there in a very different situation. Now I work because I need to work. Yes. But I also know so much more about my internal motivations and what makes me happy. And so I know that when I achieve financial freedom, financial freedom is no longer the goal. Even longterm financial freedom is no longer the goal. The goal is to be present in my life and to enjoy the work that I do, enjoy the people in my life, enjoying my kids and my family. And that\'s what I do. And so my internal motivation is for consistent growth and consistent learning and that just tends to outwork itself through my business.'