Tuesday, March 27, 2007

Financial Dependency to Financial Freedom

Since birth We are all brought up within systems of dependency. When we are young we depend on our parents to learn right from wrong. When we go to school we depend on our teachers to guide us in the learning process. When we leave school and get a job we depend on our boss to tell us when to be there and what to do.

For most people, if these systems of dependency are removed they would not know what to do for themselves. Consider how each of the following might be a system of dependency preventing you from reaching your full potential...Your job, saving for retirement, welfare, medicare, social security, seniority, pensions, money, education, and banks.

What it really comes down to is independence. People unwilling to stand up and take responsibility for, and control over, their own situation are forced to depend on all of these systems of dependency that exist just for them. Even when people DO decide to take control and make a change, there are a few obstacles that usually prevent people from making real progress. They either do not have a plan, they follow a slow plan, or they fail to follow their plan.

You are either a master of money, or a slave to it. People who rely on different systems of dependency usually end up self-satisfied. This is not a deep satisfaction, rather a lack of being concerned over the state of their immediate situation. You do not the feel urgency or motivation to invest your time, learn a little bit, and improve your plan (if you even have one). Without severe and immediate consequences, people are generally unwilling to invest their time learning what they need to learn to improve their long term situation.

Improving your long term situation and gaining your financial Independence means never having to work for money (earned income) again. As you learn, your plan will become faster and more efficient. As you begin to fully understand fundamental money concepts, you realize it is very realistic to retire in four years instead of forty years, even if you are working at a $7.00 an hour job. So don't be content existing within these systems of dependency. Keep your focus on the true prize: improving your financial knowledge, your financial situation, and achieving your financial independence.


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