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What are you working towards
The path to self-sustaining wealth starts with knowing what you're working towards in the first place
Start at the beginning
Ask yourself, “why do you want financial freedom?” Is it because you’re constantly worrying about money? Because you want to take a lower paying job that you absolutely love? Because you want to stop working? Because you want the flexibility to travel more? Knowing why you want to achieve self-sustaining wealth is equally as important as actually achieving self-sustaining wealth. Why? Because while money can help with happiness, it cannot alone bring happiness.
In this week’s newsletter we are going to take a different approach, we are going to give you a preview to the first email in our Week to Wealth course.
Question 1
What is your specific ambition for achieving self-sustaining wealth?
How to answer: Your ambition is your specific goal. It could be retire by 40. It could be having the flexibility to spend half of the year traveling. It can simply be the ability to pursue your dream career, or work a lower paying job that gives you more satisfaction.
Question 2
What is your purpose for creating self-sustaining wealth?
How to answer: When thinking about this answer, visualize what you truly want to do in life. Not just your dream job (or no job at all), dream vacation, or simply the satisfaction of having enough money. Many people find satisfaction without achieving self-sustaining wealth, so what it the reason you truly want to reach the highest level of financial freedom? What is the best outcome the fulfills your spirit the most
Question 3
What is your key result?
How to answer: A key result is the indicator proving you accomplished the goal set in your ambition statement. One example would be that in order to retire by 40 that you are consistently earning more than 5% per year on my assets so I don’t have to withdraw the principal.
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Saving is the gap between your ego and income
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