Financial & Time Freedom Like Riding a Bike

By Mike Johnson

Financial freedom is merely a process of maintaining balance between income and expenses.

Time freedom is merely a process of earning that income without working a schedule.

If you can ride a bike, you understand the concept. Tilting right? Lean left. Increase income. Tilting left? Lean right. Lower expenses. Find the equilibrium and maintain it.

Now start researching ways to quickly generate PASSIVE income. For most people, this will involve buying a business or rental property that has a manager running it. Thanks to low interest rates and creative financing, this doesn't have to require lots of money.

Banks will loan 70% to 80% of the appraised value. Many sellers will loan as much of the rest as the bank will allow. If the property pencils out to afford both payments, the property is "free" because the existing income stream pays for itself.

The time you save by nixing your work schedule never has to be repaid.

Now you're riding that financial & time freedom bike one-handed. You use one hand to maintain balance and use the other to reach for more deals or other dreams.

So now it's just a matter of making a decision.

Do you stay in a Huffy or trade up to become a Schwinner?


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