How much money and how soon do you want to make it? What are the ways you see yourself accomplishing this? What are the things that come to your mind when you hear the words financial freedom, do you think it's a myth?

There are people making money in ways that you can not understand.

How and How soon?

It is very important that for everything you want to accomplish you set a target so that you can check the time and the distance and calculate if you are failing or not. It also helps you start to think of the fault.

What does a financial goal sound like?

To me it sounds something like this, “I want to save up X amount of money to do X in X amount of time”. The amount of money is just as important as the reason and the reason is just as important as the time.

I think the bigger the reason, the better. Even if the reason is as big and vague as “financial freedom”. You need to define what financial freedom means to you. For some it’s the ability to enter and out of the club, that is a terrible reason but it is a fantastic motivator if it works. I find that those people who come up with reasons like that do not have responsibilities. If they had children or a sick mother the financial freedom will define itself for them. You can’t have a child who is starving and depending on only you to take care of and you question what it means to be financially free or your mother in the hospital, immediately it comes to your mind, “I need to take care of them.”

So define what the goal is

If it's something as unspecific as financial freedom, then make it specific. How much did you spend this month on feeding? What other bills do you have to pay? How can you have enough not to worry about that?

Also, notice how it is easy for you to think about these things when you have nothing to worry about.

A clinical psychologist in his book 12 rules for life explained how when you are in the lowest place in society you put yourself at risk. At risk to yourself and risk to others. This is the period when young men can get talked into crime or women can get talked into prostitution. It becomes significantly harder to bring yourself out of the wrong kind of rat race.

How fast? As fast as the laws will permit unless you plan on breaking the law.

You notice how in the last examples I gave the quick money came at the expense of the law. But what if there were ways to make money that were legal that did not require you to sell your soul? This is why you need better friends. Not to sound like a dad or anything but if your friends seriously bring up crime as an option to make money you need to find better friends.

Your Friends

Your friends need to know things you don’t know and be doing them continuously so they can shorten the time you make money. Learning something new is always hard.

Most people say that your goal has to be realistic, but how do you know what "real" is if you have never gone as far as you can go and done as much as you can do? If you tell yourself what "real" is to you, so it will be. If you redefine real as you become better so it will be also.

If a person says they need to make X amount of money in a month and they start the timer. They need to check within a day and ask themselves how well they did with the day. Even if you did not make the 30th of what you wanted on the first day your goal should be to somehow climb up to that and not change the goal to what you think is “realistic”.

Of course, at the point when you are able to make the 30th of the money, you will need to make even more than that to catch up, but see if you can make more while trying to make the 30th. If you run out of time, you'd have learned how to make a 30th of whatever money you had in mind and you can start working on a bigger goal.

How much does it cost?

Don’t speculate on the price of anything. Go and find out. Some people are so scared of knowing the price of things because they are afraid it will open the wound of how poor they are. They’ll look at their accounts and realize they can not afford it.

These people will run away from responsibility because it scares them. But for how long can you run away before you have no place to go and you are trapped doing what destroys you? Find out exactly how much it costs to feed yourself for the month, find out how much it costs to pay your bills, and find out how much it will cost to live your life.

What are the aspects of this problem you can control? What is out of your control?

Conclusion

If you want to make changes in your financial state, you need to know the change, why you want to change it, how long will it take to change it and how you want to change it. Until you start to try to make these changes you will not see good results and you will be stuck on something that is either bad for you or you’ll be waiting for good luck.

Credit: Dr Ebingo