10 Ways To Financial Freedom

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Use any of the 10 following ways to become financially free.
In an informative article, find pro’s and con’s for taking any
of the “10 routes” and practical advice for doing so.

THINK BIG AIM HIGH!



10. WIN A LOTTERY – okay,okay I know a lot of Internet Guru’s,
life-skill advisors and writers who will cringe when they see
this. But there are ways of increasing your chances. At the time
of writing, the odds of winning the U.K. lottery are around 14-
million to 1.

There are a number of ways to improve your chances of winning –

a) Play regularly, the more you play, the better your chances.
b) Join a syndicate, the more lines you cover the better the odds.
c) Use the same numbers, a great number of people who win cash
in the lottery use a fixed set of numbers e.g. birthdays of
family members, memorable dates, phone numbers etc.
d) Try wheeling pairs, you can find more information about this
technique at http://www.thelotterysite.com/predicting.htm.

Pro’s –
You can become extremely wealthy or be a Millionaire overnight.
Con’s –
The cost, each line has to be paid for, the odds are still very
high. If in a syndicate you will have to share your winnings.

This shouldn’t be viewed as a good route to take for anyone that
wants to be financially free, but if you have a few quid spare,
you can be lucky. Maximum return for a minimal investment.
Somebody wins every week, you are as lucky as anyone else.

9. MARRY FOR MONEY – Oooh, that’s gonna go down like a fart in
a lift! Highly unethical, not recommended, but are you dating?

Does it matter how much your partner is worth? 70% of people end
up in dead-end relationships, unhappy and broke. You have the
choice of marrying anyone you decide to. 37% of people marry for
convenience, children, because they get pressured or for legal
reasons.

Before you marry anyone, find out if they can support you.
Don’t just settle for second best, if you are NOT totally in
love with the person you choose to marry, make sure they are
loaded. That way at least whatever problems you have to put up
with in your marriage, money won’t be a worry. If you get
divorced, you can expect to receive a reasonable settlement
figure that will help to insure that you are catered for
financially.

Pro’s –
If your partner is elderly you are likely to receive a majority
of your spouse’s estate, Money makes Money, if you marry a
wealthy person the chances are you’ll have good opportunities to
make your own fortune.
Con’s –
You make your bed you have to lie in it, whatever happens you
are responsible for the decision you made. You may be pressured
by family members if they “get wind” of what you are doing. You
may be asked to sign a pre-nuptial agreement voiding your stake
in any fortunes.

8. SECONDARY INCOME – These days it’s not uncommon for people to
have a second job in order to boost their income. Most people
struggle to pay every day bills and expenses let alone afford to
have savings or money to spare. Your second job should also
generate a large enough income to justify the extra hours you
work, but not effect your main income source.

“ I had a good friend who worked 2 shifts daily at a paper
factory, at the end of each month he took home over double a
normal wage”. “I also used to be a retained firefighter and in a
month could earn anything up to £1000.00 in addition to my
normal monthly wage”

Pro’s –
With a second income, you should earn enough to ensure a
financially secure future and be able to afford a few luxuries.
Con’s –
How long you can keep a second job going. You will be exhausted
And have very little spare time at all. You could be liable for
higher taxes which would not make it viable. Your employers may
object to you having 2 jobs, you may loose one or both of them.
7. AIM HIGH – You want to be the boss, are there promotion
prospects at work? You could work every extra hour available,
be dedicated and if you are successful you may even be head-
hunted.

“ I employed a sales rep for £18,000 per annum, after 2
successful years he was headhunted by a competitor who eagerly
paid him £25,000 per annum + car + bonuses + pension. Another
year later he was promoted to assistant manger earning over
£35,000 per annum + bonuses etc”.

You should be frugal with your money and invest in multiple
pension plans over the next few years. You should pay off your
mortgage early (if you can afford to pay a little extra each
month you will pay less interest) and be more financially secure
by the time you retire.

Pro’s –
If you are headhunted, you can expect higher wages with superior
benefits, e.g. company car, pension, bonuses etc. If you work
your way to a top position within a large corporation your
remuneration package should be substantial enough to make you
financially free.
Con’s –
There will be strong competition from colleagues, by the time
you are in that sort of position you will be highly stressed,
burnt out and will have had to sacrifice most of your spare
time and family life.

6. BECOME SELF EMPLOYED - How well do you know your job?
could you do it better on your own? Your bosses have a lot of
every-day overheads, any profits are for them or the company’s
development.

You can give their customers the same service for
less. There are many organizations set up specifically to help
people get started in business for themselves (this helps your
government keep unemployment figures down)

e.g. “ I left a company I worked for after 14 years, became
self employed and at least 20 of the company’s customers gave
me their business after only one phone call, because they
already knew me and it cost them a lot less for my services”.

Pro’s –
You will be your own boss. You will keep all profit. You work
the hours you want, overheads can be minimal, you only have to
work with who you want to.

Con’s –
The buck stops with you, it can take a little time to adjust and
establish your business, If you don’t work you don’t get paid.

5. START YOUR OWN COMPANY – Once you are self employed
or, you have some capital (e.g. inheritance, lottery win etc)
why not employ others to do your work for you. You may reach a
point where you have too much work and you will have to choose
to turn down addition work or take on more staff.
Run properly, a larger company can provide comfortably for you
and your family for the rest of your lives. Once established
with a good customer base, it can be sold for large sums of
money.

Pro’s –
Successful business can result in almost anything, e.g. look at
Richard Branson’s empire or Stelios from Easy Jet.
Con’s –
There are many con’s against running a larger company.
“ In the 14 years I worked for the same company, 1 employee
left, setup on his own and took clients TWICE , the company
secretary was stealing from the business for over 5 years,
Your employees do not have the same interests as you in your
company and you will have to clear up any problems they create.
You will need to be the first one in and the last to leave and
work every hour you can if you want to be successful.

4. INVEST IN PROPERTY – This can be in your country of residence
or overseas. In the U.K. alone at least 35% of people have
considered or are actually purchasing investment property.

In today’s unstable investment market, property can be one of
few proven methods for a good return on your money. Many
overseas locations offer the chance for second homes at
reasonable prices. e.g. “At the time of writing, it is still
possible to purchase a property and land in France for less than
€20,000.00 ”. In the U.K. you cannot even expect to buy a small
building plot for less than £50,000.00.Prices are still rising
which makes it possible, for anyone, with money to invest,
to reap substantial rewards.

Pro’s –
You have the chance to own a permanent holiday residence in a
desirable location which can generate a good income if you rent
it out over the holiday periods. Development potential, many
landlords in the (U.K.) buy large townhouses and convert them to
flats and bedsits. Houses rarely lose value. You can purchase
property at auction and resell making good profits just by being
in the right place at the right time.
Con’s –
There are many things to consider before purchasing property.
If you are buying overseas, ensure you are aware of all the red
tape and bureaucracy. You can be misled by estate agents, If you
do not know the area in which the property is located you may
have problems selling. If there is civil unrest in the location
of your choice, you may lose everything. e.g. recent problems
in South Africa and Zimbabwe.

3. BECOME A WRITER – There are many people today making huge
amounts of money writing. You do not have to be Jeffery Archer,
Barbara Cartland or an award winning journalist in order to make
a living from writing.

Anyone has a number of things to write about, life experiences,
work related topics, sport, hobbies etc, etc. Again there are
literally hundreds of articles and good resources on this
subject available on the internet. Author J.K. Rowling is now
amongst the richest women in the world due to her Harry Potter
novels. She has been writing since the age of six, but never
actually published the first Harry Potter novel until 1996.
Somewhere, someone will be interested in what you have to say.

Pro’s –
Both fame and fortune could come your way, you can earn from
many different sources including magazines, newspapers, news-
letters, television and radio.
Con’s –
It can take years to be recognized, writers block can be a, a,
a uhmm, a oh you know what I mean!! Knock backs can be very
disheartening and regular. You must persevere.

2. MULTI LEVEL MARKETING BUSINESSES– Why is it, MLM has such a
bad reputation? In Japan over 40% of all business is carried out
using MLM techniques. Just type in Multi Level Marketing in your
search engine and there are currently 2,840,000 listings on the
subject in Google alone. Here’s a quick idea of how it works.

e.g. Normal business.
Manufacturer sells product to Distributor
Distributor sells product to Wholesaler
Wholesaler sells product to Retailer
Retailer sells product to Consumers

Lets say the product costs the manufacturer £5.00 to make.
The distributor pays £8.00 but must buy in lots of 1000 units.
The wholesaler pays £12.00 each in lots of 500 units.
The retailer pays £14.00 and can buy in lots of 50-100 units.
The consumers normally only want 1unit and pay £20.00 for it.

Obviously if the manufacturer wants to increase sales he can
Sell to more distributors who in turn sell to more wholesalers
who sell to more retailers etc, etc.

MLM principles are very similar but without middle men,
wholesalers or retailers it is possible for an agent to buy
directly from the manufacturer in low volumes at the same price
as a distributor (e.g £8.00) the agent sells direct to the
consumer and makes a good profit.

If the agent decides, they can “sign-up” people to mirror their
business and the company will pay commissions to the original
agent on any sales made by their downline. This means you can be
earning money without any effort on your part, other than
enlisting other agents. Imagine introducing 2 agents who in turn
introduce 2 agents who then introduce 2 agents, you get the
picture? It is possible to build enormous downlines of agents
all earning you money, almost with unlimited income possibilities.

Pro’s –
It is possible to build an almost unlimited income from a MLM
business opportunity. MLM techniques can be used to market an
existing product being distributed by “normal business” means.
Overheads are low, agents are self sufficient businesses
themselves, not employed.
Con’s –
There are hundreds of different types of MLM opportunities. Some
work, a lot don’t. If you want to market by MLM, you must fully
understand the techniques and procedures involved.

1. HOME BASED INTERNET MARKETING BUSINESS – This is without any
doubt the best proven method of attaining financial freedom. It
is easily possible to build a hugh network of automated websites,
have hundreds of top quality products without even spending a
penny. Some of the top “Internet Guru’s” are earning six figure
incomes and have army’s of affiliates all selling their products.
Once established websites can generate “multiple streams of
income” 24hrs a day, 7 days a week, 365 days a year from a
customer base of approximately 600 million people. There are
unlimited resources and support from experts all over the world
to help you advertise for free and guide you to successfully
reach your ultimate goal and be financially free for life.

Pro’s –
Ever increasing customer base, endless availability of powerful
tools and products. You can start an internet business on a
shoestring budget in your spare time as a secondary income, be
your own boss, all the advantages of an MLM company, few
small overheads, almost unlimited streams of possible income.
Free advertising, Free Websites, Free products.
Con’s –
It takes time and effort to build an internet business, In the
early stages development can seem slow, you will need to become
computer literate and learn as you go. It can seem daunting but
if you take your time and go step by step the results can be
unbelievable. There are initial costs with any business but
these can be kept to a minimum if you are careful with your
choices.