The Untold Secret About Money: How To Achieve Financial Freedom Fast
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What is the untold secret about money? What is the best way to achieve financial freedom fast?
Did you know that 0.7% of the world’s population controls 45.9% of the world’s wealth? 70.1% control just 2.7% of that wealth.
So what's the secret about money that 99% of the world is missing? How do you build wealth and how do you get your personal finance at the top of your given potential in order to create total financial freedom and time freedom for yourself and your family?
How to be financially free...
Much of our problems with money are inherited from our poor educational system and the lack of knowledge of our parents and teachers when it comes to financial freedom. If no one taught them how to be financially free, it is only natural that we ended up with zero knowledge on that topic as well.
The other issue is that money has become a taboo topic in our society. The rich are very often looked down on, instead of learning from their experience and applying the right techniques in our lives. Hollywood has also gotten into this habit of portraying the rich as greedy, corrupt individuals which leads to creating limiting beliefs about creating wealth and becoming financially free.
The untold truth about money is very simple - there is a mathematical equation that can help you become financially free in 7 years. You just need to follow the steps.
Financial freedom has to do with two key numbers - how much you save and invest and how much you spend. The famous Trinity Study shows how once you reach a portfolio of assets equals 25 times your annual expenses, you'll be able to withdraw 4% of that portfolio for life without ever running out of money.
And there are ways to achieve financial freedom even faster:
Step 1: Save more and avoid expensive mistakes
There are many great money saving tips in the video. Check them out.
Step 2: Earn more money and invest the surplus
Step 3: Invest long-term
You'll enjoy some of the best tips by Warren Buffett here.
Make sure you start drafting your financial freedom plan today.
Don't skip this video without taking the necessary action that will help you get financial freedom.
Here are the simple steps to financial freedom:
The Untold Secret About Money - 00:00
Part 1: Why Financial Freedom Is A Must - 02:00
Part 2: Why 99% Of People Fail - 05:07
Part 3: The Formula For Financial Freedom - 07:47
Part 4: How To Achieve Financial Freedom Fast - 10:22
Part 5: You Have Two Options Now - 13:56
The Books To Achieve Financial Freedom - 16:36
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All materials in this video on how to become financially free are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are the copyright owner of materials used in this video and you believe your rights have been violated in any way, please get in touch with me via email: simeonivanov.com
This short movie about money and financial freedom was inspired by an amazing YouTuber named James Jani and his short movie - The Untold Truth About Money: How To Build Wealth From Nothing. Go and check out his channel here: https://www.youtube.com/channel/UCT0dmfFCLWuVKPWZ6wcdKyg
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Some of the links above are affiliate links, which means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. I recommend these resources because they are useful and because I've used them. Please, do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
These 100 apples represent all the money in the world.
And these 100 people… all the people in the world.
Right now, 70% of the world holds just 3 of these apples or 3% of the world’s wealth.
21% hold 11 apples.
8% hold 40 apples.
And 1% holds almost half or 46 of the apples.
To be exact, 0.7% of the world’s population controls 45.9% of the world’s wealth.
70.1% hold just 2.7% of that wealth.
Where are you in this statistic?
You’re most likely working your ass off on a job or a business that you hate just to be able to cover the bills.
You are spending 80% of your waking hours traveling to the office, working in a dark cubicle, then travelling back home, waiting for the Fridays and hating on the Mondays, seeing how the clock is ticking and your expiration date is quickly approaching.
Your savings look funny compared to your rent or mortgage payment.
Or maybe you just started university, going deep into debt, being promised that this diploma will land you a safe and well-paid job…
And if you’ve worked long enough, you’ve probably already got kicked out of one of these “safe” jobs.
Back in the struggle, running the rat race, struggling to keep up, frustrated, stressed out, feeling like this hell is never going to end……..
You’ve probably heard the saying – “Money doesn’t buy happiness.” I’m pretty sure the person who said that didn’t really have money problems.
Because when I was going broke, and I didn’t have money to buy Christmas presents for our newborn twins, I sure didn’t feel like the happiest man on the planet.
And yes, that person was right. Money doesn’t buy happiness. But for a person who doesn’t have any, it’ll solve 99% of their problems. Problems like being able to put food on the table, being able to live in a safe neighborhood, being able to take great care of their family, not having to work their ass off for a miserable salary on a job they hate.
And here’s the bigger picture.
The problem with not having enough money is not that we can’t buy a Lamborghini or expensive clothes. The problem is that without Money Freedom, we can’t get our Time Freedom either.
Not having enough money and not being financially free is the one sure way to always be stuck in the rat race and to never have the freedom to experience life the way you really want to.
But what if I told you that it doesn’t have to be this way?
What if I told you that there’s a mathematical formula that can help you become financially free 7 years from today, no matter where you are starting on this journey?
What if I told you that if you follow simple steps you can not only get to a point where you’ll never have to worry about money a single moment of your life, but you’ll also be able to afford all the things you’ve ever dreamed of?
Well, you can!
And by the end of this video you’ll have an exact action plan for making it happen.
But I want to warn you.
The truth behind becoming financially free is so simple that most people will disregard it and after watching this, they’ll simply go back to doing what they always do, not taking any action, locking themselves forever in the Matrix.
But when I say Financial Freedom is simple, I don’t mean easy. No. Not at all.
It’ll be hard. Life is hard. It will punch you in the face. It will knock you down. And when you feel like things can’t get any worse, it’ll kick you in the stomach one more time.
On this new journey you are about to embark on, you’ll be laughed at, not understood by the people closest to you, you’ll be ridiculed and dismissed over and over and over again… until… you make it.
But at the end of that journey… at the end of that journey, my friend is almost everything that you’ve ever dreamed of. At the end of that journey is FREEDOM.
So… are you ready?
Why are most people still struggling with money if achieving financial freedom is so simple?
Think about the following – what did your school or university teach you about money and financial freedom? What did your parents teach you about money and financial freedom?
Did you spend most of your time at school learning mathematical equations that have zero practical value in your life, or did they actually share with you the formula to becoming financially free?
Of course, they didn’t. Why? Because that was never their goal. It is simply not part of the curriculum.
And because nobody taught our teachers or our parents how to be financially free, it’s only natural that we ended up with zero knowledge on this subject as well – making us part of the sad statistic. Keeping us stuck in the Matrix.
The main lesson that we usually get from our environment is that we need to fit in. And fitting in usually means keeping up with the Kardashians. Buying stuff that we don’t need. Spending more than we earn.
There’s a great saying that goes like this.
The rich stay rich because they live like they’re poor.
And the poor stay poor because they live like they’re rich.
But things get even worse. Not only are we not taught how to be financially free, but MONEY has also become a taboo topic. Successful people are very often looked down on as if they’re some evil monsters who steal from those less fortunate.
Hollywood has grown into the habit of using manipulative stories which portray the rich as greedy, corrupt villains. It just always makes for a good movie. But these movies shape such beliefs like money is the root of all evil.
And such limiting beliefs kill our chances of becoming financially free before we have even tried. Think about this. Money doesn’t change us. It just makes us more of what we already are.
The key thing we must all understand is this - Achieving financial freedom is not about the money, the cars, the private jet. It’s about one thing and one thing only – freedom.
And that’s always a goal worth pursuing.
Are you ready to learn the simple formula to financial freedom? Here it comes.
PART 2: THE SIMPLE TRUTH ABOUT MONEY AND FINANCIAL FREEDOM
The only difference between those stuck in the rat race and those who have achieved total financial and time freedom is this. They know the mathematical equation and they’ve taken steps to put it into practice.
The equations is simple, it’s commons sense, but as usually the case – common sense is very rarely common practice.
So, let’s look at some numbers before I share with you the exact formula.
The simple math behind financial freedom has to do with two key numbers:
How much you save and invest and how much you spend.
You need to invest money that makes you money. And when your investments earn you enough to cover your annual expenses, you have reached your goal of becoming financially free.
So once you know these two numbers, you’ll be able to calculate with good precision when you’ll be able to become financially free.
If you spend 100% of what you make, you’ll obviously never be financially free. Most people even spend more than they earn, so things look even worse for them.
If you somehow magically found a way to spend 0% of the money you make, it means you are financially free right now.
And here’s where the math gets pretty funny. Most financial gurus out there preach how people must invest 10% of their annual income. They say that’s great. But is it? Because at that rate, it’ll take you over 51 years to achieve financial freedom. And that’s a long time.
If you invest 25%, it’ll take you 32 years.
50% - 17 years.
And at 75% - it will take you 7 years to become financially free.
The Trinity Study suggests that you can spend 4% of your investment portfolio every year for life without ever running out of money once your portfolio becomes 25 times your annual expenses.
So if you spend $20,000 a year, you’ll need to have $500,000 invested to be financially free.
If you spend $50,000 a year, you’ll need to have $1,250,000 invested.
If you spend $100,000 a year, you’ll need to have $2.5M invested to be financially free.
That’s the simple formula that 99% of the world has been ignoring for way too long.
Here’s how you can speed up the process of getting to total Money and Time freedom.
STEP 1: SAVE MORE & AVOID EXPENSIVE MISTAKES
The best way to approach saving is to put all of your expenses on a spreadsheet and see what you can cut down on without it affecting your quality of life. If you haven’t done that, you might be surprised that simple things like Starbucks coffee are costing you over a thousand dollars per year.
But also take a look at your big ones. Housing is usually the biggest expense anyone has, often consuming half of our income. Some smart people, especially at young age, do house or rent hacking, meaning they’re buying or renting a bigger place and they’re letting out a room or part of this place to tenants, which allows them to literally live for free, instantly saving 50% of their income.
And remember, if you invest 50% of your income, you can get to financial freedom in 17 years.
Ultimately, you want to be spending smart and only spend on things that bring you happiness and quality of life. Start questioning the value of every single purchase that you and you’ll soon get into this new habit that will not only get you sooner to financial freedom, but will also free up a lot of physical space in your home and a lot of mental space in your head.
Other expensive mistakes to avoid are getting into high interest credit card debt, student loans and any debt that you are not certain you can cover on time. The rule of rules here is to never finance things that you can’t really afford to pay back and only leverage debt that makes you more money.
STEP 2: EARN MORE AND INVEST THE SURPLUS
There’s always a way to earn more money. And even better, there are ways to earn more money and work less at the same time.
But what’s even better than that, there’s obviously a way to increase your income and keep your expenses at the same level, so that you can reach financial freedom much faster.
So, if you were making $50,000 a year, you were spending $25,000 and you were investing $25,000 it would take you 17 years to become financially free.
But if you found a way to start making $100,000 and you kept your expenses at $25,000 and invested $75,000, it would only take you 7 years to become financially free. That’s 10 years less.
That’s a pretty realistic and inspiring goal to have.
STEP 3: INVEST LONG TERM
Warren Buffet is famous for these three simple amazing lessons about investing:
If you aren’t willing to own an asset for ten years, don’t even think about owning it for ten minutes.
No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.
The only value of stock forecasters is to make fortune tellers look good.
The lessons in these quotes are simple. Invest long term, diversify, and never try to time the market.
And when it comes to investing, I don’t know anyone better to listen to than Warren Buffett.
So, what do we do from here?
You have two options now. You can click out of here and forget about everything I just shared with you like it has never happened.
You can close your eyes to the truth, and go back to the rat race, working those long hours at a job you hate, slaving through life, not taking responsibility for your future and the future of your family.
You can keep on investing in other people’s dreams and watch them experience their lives the way they want to on social media. You can keep on just dreaming, never experiencing, until your time expires.
But there’s another option. And this option will ask from you to step up. To take action. To take responsibility for your life and your future. This option will ask from you to open your eyes to the painful truth, to accept that you’ve made mistakes in the past and to make a bold decision to start doing the right thing right now.
This option will be more difficult to accept today. But it is the only option that will shape the life you want to experience. It’s the only option that will give you the freedom to live life on your own terms. To spend time with the people you love. To be able to experience the things you’ve been dreaming of for so long.
This is the option of courage and action. This is the only right option.
The choice is yours, my friend. Pick wisely!
You already know what giving up on your dreams feels like. I want to invite you to try something new.
I want to invite you to take 1 hour right now, to sit down in a quiet place, and to start drafting your action plan towards your financial future.
You can always go back and revisit the formula for financial freedom and the 3 simple steps we spoke about earlier. You can ask for help in the comment section below. You can share your experiences and your tips on making this a reality for more people even faster.
Because together, we are smarter and stronger. Together, we can achieve much more.
My friend, it’s time for you to take action and start shaping your amazing future.
It’s time to escape the Matrix and create the Freedom that you deserve.
It doesn’t matter what you did yesterday, last year or 10 years ago. All that matters is what you do right now. The past is gone, the future will come. Focus on the present moment.
My friend… it’s time!
My friend, this is the simple formula to achieving financial freedom. But stay with me because I have some amazing free books to share with you that will help a lot on your journey to financial freedom.
This topic is so dear to my heart. As you probably heard at the beginning of this video, I went through a period in my life when I was barely able to provide for my family because of a series of financial mistakes I made in the past. That’s when I made it my goal to reach financial freedom in just a few years so we can experience an extraordinary life and never have to worry about money again.
It hurts me so much to see how most people out there are struggling in their own lives by making these same mistakes, by staying prisoners of their jobs and their businesses, never really able to experience the life they are dreaming of.
We all deserve to have the freedom to follow our dreams, to spend quality time with the people we love, and to feel confident about out financial future.
If this video has brought you value, make sure you give it a like and thumbs up in the comment section below. Also make sure to share with a friend who needs to hear this message right now.
As I said earlier, don’t let simplicity fool you and do make sure you take the time to do the work, to plan, and to put everything into practice because that’s the only sure way to actually make this happen in your life.
Of course, personal finance and investing are vast topics which can’t be covered in a short video like that, but I believe we must focus on mastering the basics in order to reap a huge portion of the potential results.
Here I’m obliged to tell you that I’m not a certified financial advisor and you must do your own research before making any decisions about how to handle your money, which is pretty obvious either way.
And I also want to share with you a few amazing books of people who know much better than me when it comes to finance. The books on personal finance that I recommend you read are “I will teach you to be rich” by Ramit Sethi and “Total money makeover” by Dave Ramsey.
And if you are interested in increasing your income, I believe the three best books you can read today are “DotCom Secrets”, “Expert Secrets” and “Traffic Secrets” by Russell Brunson.
You can find links to all books in the description below.
And if you want to read my book which is called 0.1% Join the club of the richest, healthiest, happiest, you can get a free copy of it from the link in the description below. I do ask anyone who wants the book to cover a few cents handling fee that we use to feed 5 people in need in our goal to feed 100 million people around the world.
My friend, thank you so much for staying with me until the end, if you enjoyed this video, make sure you subscribe and hit the notification bell, so you can be one of the first to learn when I release the next video.
Until next time, remember, you are always just one action away from extraordinary!
I’ll see you soon.