The Trap That Keeps You from being Financially Free

money_trapYou’re probably familiar with the old saying, “Be careful what you wish for because you might just get it.”

Bigg success is life on your own terms. The terms we use to define our bigg success are incredibly important.

When we get what we wished for, it better be what we really wanted!

___

___

For example, we may seek financial security. How do you define financial security? Is that what you really want? Or is there a better term for what you seek? Are your actions consistent with your definition?

These are a few of the questions you might ask about a term which is a goal.

Financial security

Financial security means safety. You have a refuge from any storm. This is the reason a lot of people like having a regular job. They feel like it gives them some sense of security.

We often confuse financial security with financial stability. One of the reasons we like that job is it provides a steady income. That’s not security; it’s stability.

This highlights the importance of understanding what a term really means to you.

Does a job or a career offer you financial security? We think it doesn’t.

You have to create financial security for yourself. But that’s just the first level. You may really want more than just safety.

Financial independence

You may seek financial independence. You want to be self-reliant. You don’t want to depend on anyone or anything to meet your financial needs.

You’re able to live a comfortable life. You may have a job but you also have investments or other sources of income in case something happens with your career.

Financial freedom

The next step up is financial freedom. You’re free to live the life you really want to live. Your income exceeds your lifestyle costs by a significant margin.

The trap that keeps people from financial freedom

Randy Jones, author of a book we highly recommend to you, The Richest Man in Town, wrote about the trap that keeps many people from reaching financial freedom on his blog a while back. He said:

A stable salary can be addictive: like a drug, it feels good, helps you cope with the ups and downs of life, and it is very hard to give up. But dependence on a salary is a major impediment to becoming the richest person in town. The regular fix of a paycheck from the other guy makes you risk-averse, and the ability to take risks is one of the qualities that defines an RMIT.”

So if you want to be free from money worries, you have to take risks. Risk is the opposite of security. But you have to take those risks to reach the level of financial freedom.

And by our definitions, a person who reaches the level of financial freedom is also financially secure … and then some.

No job can make you financially secure. No business can do it. No investment can do it. You have to do it by putting all the pieces together.

It starts by defining bigg success and then going for it!

You’ve heard our terms for money. What are your terms?

Share that by leaving a comment below, e-mailing us at bigginfo@biggsuccess.com or calling us at 888.455.BIGG (2444).

___

Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Thanks so much for the gift of your time today. Please join us next time when we talk about an old-fashioned tool that increases your productivity. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00481-091509.mp3

Related posts

Freedom Or Security – Which Do You Choose?

6 Paths to Financial Freedom

(Image in today's post by nusrin)

3 replies
  1. Lori Davila
    Lori Davila says:

    Great comments. I find, even for myself and my husband, if you have financial freedom, it’s hard to let go of those successful business ventures or income sources that you built and still make you lots of money. It then becomes a question of lifestyle and how much is enough? People tend to hang on, defer retirement or change, even when they have more than enough. It’s an interesting phenomenon.

    Reply
  2. George Krueger
    George Krueger says:

    Great point, Lori. I watched my businesses go from nothing to something so I always had this underlying fear that it could all go to nothing again. It was quite liberating to finally realize how unlikely that was. Thanks for your thought-provoking comment!

    Reply

Trackbacks & Pingbacks

  1. […] often cite the stability of a salary as a reason to work for someone else. With more than one source of income, it’s likely that […]

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *