Most people are looking for the latest ideas to achieve financial freedom. People want to better their lifestyles and they want to look out for the future. They want to be able to spend more time with their family and less time working. They want to be able to live the life of their dreams but unfortunately, most people don’t ever realize their dreams in life, not because they don’t want to, or because they are lazy, but because they don’t know how. Before I get on to the list of the latest ideas to achieve financial freedom, let’s first look at what most people are doing in life today, yet are not likely to gain financial freedom.
Ideas that just don’t work:
1. Saving money
Yes, you can get wealthy and become financially free by saving money, the truth is this method takes many, many years. Now, I am not saying don’t save money, in fact if you study successful people and principles, you will see that one of the steps to wealth is in fact to save money. What I am saying is that saving money on its own will not likely be enough to gain financial independence. There are a couple of reasons for this. Firstly, most people spend what they earn; they don’t have money left over every month to save. Secondly the rate of inflation is usually higher than the interest rate banks give, so in the end you are actually losing out. For this reason I would not consider saving money as one of the latest Ideas to achieve financial freedom.
2. Being an employee
The biggest problem with being an employee is that you trade time for money, and we all only have 24 hours in a day (caught in the Rat Race). There is a minute percentage of employees that actually earn enough money that they can save/invest it quicker than they spend it. These people however are not the average person. They are people with three or four degrees and were always the ‘A’ student. These are the really brainy guys. Also, another big problem with being an employee is that you don’t get paid your full worth, you can’t get paid your full worth because your company has to make a profit from you.
3. Self employed
Being self employed is better than being an employee because you don’t have a boss, and you are a little bit more in control of what you do day in and day out. Again,new invention idea however, the biggest problem with being self employed is that you trade your time for money. If you don’t work, you don’t get paid. The reason the above methods are not considered latest Ideas to achieve financial freedom and unlikely to make you financially free is because they all lack leverage.
Now let’s look at some of the Latest Ideas to achieve financial freedom that do work:
1. Start your own Business from ground level:
If you have a passion for a particular product or service, or if you have identified an unfulfilled gap in the market, then potentially you could start your own business. new invention ideaI say potentially because you would need to do full due diligence before jumping straight in. Most multi-million pound corporations were started by a single person with an idea, from very humble beginnings in a garage or spare bedroom. Some examples of such companies are Microsoft, Virgin, Dell and EBay to name but a few. If you see an opportunity and you have faith and determination, you can make it really, really big! So do you have the next of the latest ideas to achieve financial freedom?
2. Network Marketing / MLM
Starting your own business from scratch can be very daunting and costly if you have no previous experience running a business. This is where network marketing is the perfect training ground. You buy into an established ‘system’ for what is relatively very low start up costs and you earn while you learn. Network marketing is not like being employed. If you work your business, you can turn it into a million pound organisation. Similarly, if you don’t work at it, you will not succeed. Network marketing is unfortunately one of the latest Ideas to achieve financial freedom that people are very sceptical about; People dismiss it as a pyramid scheme without understanding the difference.