Thursday, February 16, 2006

You Can Create Time and Money Freedom

You want to be free to do what you like, when you like, right?
You want to be free to go where you wish, when you wish, and to be able to afford to buy what you want. Ayn Rand said, “Freedom is to ask for nothing, to expect nothing and to depend on nothing.” Sounds good to me. But, to many people, this just seems like an impossible dream.

In fact, you can create this freedom in your own life to a large extent. It won’t happen overnight, but it can happen. You can consciously and systematically create this free lifestyle. I have. And you can, too. This is a technology, not some “Pie in the sky” scheme. It’s not MLM or Network Marketing. It’s proven and it works. Here is a simple plan to create freedom in your life: more than enough time and money and independence for you.

We should remember that Robert Kiosaki, in his “Rich Dad, Poor Dad” book, told us that you don’t need millions in the bank to retire. What you do need is more passive income than you need to live comfortably on. That’s not what some “financial planners” will tell you; they want to sell you lots of risky stocks and bonds and they tell you that you need millions in the bank. So, if you need $5,000 a month to live on and your income exceeds that, plus you have a little financial cushion stashed away for unexpected costs, you’re looking good!

And we all know that it’s better, by far, to have multiple streams of income than just one. That way, we reduce our risk, don’t we? Not all your eggs in one basket. Have many baskets, so you can afford to drop some and still survive. Spread the risk. That way, you don’t lie awake at night, worrying about losing your income because of a crash in the stock market, a grumpy boss or a dishonest business associate.

So, step by step, this is what we need to create time and money freedom and peace of mind, and all the quality of life that brings with it; ten simple steps:

Reduce and remove debts and overhead. Most people buy things they don’t need and can’t afford, with money they don’t have, to impress people they don’t like. We need to reduce our monthly expenses and cut away the fat. Do you really need two cars and all the flash? The less you need to live on every month, the easier it is to get free. Take a good, hard look at your expenses and lifestyle. Do your things own you?

Make sure you are properly insured against lawsuits and unexpected loss. Get many quotes and be very careful which salesperson you talk with. Remember, the salesperson wants as much commission as he can get out of you. A healthy dose of skepticism is a good thing here. When I was offered dental insurance and I looked at my benefits and costs, I decided to do without. It has saved me thousands of dollars. Read the small print; insurance companies really don’t want to pay you.

Incorporate your business for protection and definitely have a business – the tax breaks are excellent, especially if you’re a Joint Venture Broker as there are many more deductibles, including trips, entertainment and the like.

Remove unnecessary costs and especially regular costs from your life.

Visit your bank manager and the competition bank manager and an accountant. Look at refinancing and reorganizing your debts, line of credit, credit cards and mortgage – this exercise alone can save you a fortune and radically reduce your monthly costs.

Simplify your life as much as possible. What can be cut out? What is working, and what is not working? Are you attending a club or group out of habit, but not really getting any benefit anymore? And it’s costing you money? How much time and money will you save by leaving?

Educate yourself. Read Robert Kiosaki’s books. Read Ayn Rand’s “Atlas Shrugged”. Read “Think and Grow Rich” – again. Attend courses. Don’t go out and spend a fortune on schemes and dreams and “get rich quick” schemes. Be very careful. Attend free seminars but don’t buy stuff when the speaker turns into a used car salesman at the end and the mindless herd goes scurrying to the back of the room to buy his overpriced products. Sleep on it first. Don’t get emotionally whipped up. The more you learn, the more you earn. Understand money and debt. We don’t have money problems; we have thinking problems.

Align yourself with winners, not whiners. If we mix with people who are richer, wiser and more successful than we are, we will earn more as we learn more. Be open-minded and get that ego out of the way. People who are free can teach you how to be free. You don’t learn by talking; you learn by listening and then applying the new information.

In everything, maintain the Joint Venture Broker mindset: “No Money, No Risk, Very Little Time.” You don’t have to pay for things when you understand Joint Ventures. You can trade, barter and JV.

Become a Joint Venture Broker and create multiple streams of increasing, passive income. Maximum potential, unlimited opportunities, no geographic limitations, no industry limitations. Anyone can do it, regardless of education, age or background. All you need is access to a telephone. If you have internet access, even better. Work from home, a car, a beach, a forest, a hotel, an airport, or a wheelbarrow if you like. And you don’t have to go out and buy a business, sell stuff, sign leases, employ people or buy inventory. You can use existing resources – everything you need is available through other people and other businesses.

For more information, free podcasts, free teleclasses and seminars and much more, visit: and

Copyright Robin J. Elliott