(Note: This post contains some affiliate links, which means that if you click on one of the product links and decide to buy I will get a tiny bit of compensation for your doing so. I want to stress that in no way does me including affiliate links affect my opinion of a product good or bad and I would never bother linking to an item I didn't deem worthy of being checked out by me or my readers. I never want anyone to waste good money they've worked hard to earn!)
WHY DO YOU NEED TO CHANGE YOUR MINDSET TO MAKE PASSIVE INCOME?
So in this video I wanted to talk to you about 5 mindset changes I had to make when I started out on my financial freedom journey!
Like I think most people, I came from a social economic background that's taught me that in order to earn money, I have to hand over my time, skills and energy each and every month by trading "myself in" for my monthly income!
Ohh yes, I now realize what a crappy trade that was!!!
But once I discovered the power and freedom that can come from building 'passive' income streams and creating assets that can earn money for me even as I sleep, I began to realize that I'de been hardwired to 'AVOID' my own financial freedom and instead keep myself in the constantly dangerous situation of having *ME* as my 'ONLY' financial Asset and Source of Income!!
I know I like to put pressure on myself... but damn!
I'm not going to lie, it's taken me time and required me to drastically improve my financial education and understanding to really shift my mindset towards focusing on slowly building up my assets rather than constantly scrambling to create more and more 'active' income, but once you start to see the drastic difference building 'passive income' can make to your financial situation you'll never look back!
In this video I want to talk to you about 5 Essential Mindset Shifts I think you'll either need to experience or you'll already be experiencing if you're on your passive income journey and why it's super important that you work towards expanding your mindset when it comes to building sustainable income streams that will help you reach your financial freedom goals in the long run!
3 awesome RESOURCE TO HELP you expand your money mindset:
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Lets talk about the bigger picture -
why does having passive income even matter?
Right now my blog is focused on helping you take practical steps to 'starting' your financial freedom journey because I totally know how frustrating it can be to be ready to jump in, get your head down and start scaling your own pot of passive income but have absolutely no clue how or where to 'start' building your FIRST passive income streams especially if you're completely new to the subject!
However, I also want every single one of my awesome blog readers to truly understand that becoming financially free and completely self-reliant takes alot more personal growth and education then simply setting up a bunch of low-input online business or investing in the stock market...
It's takes a complete mindset shift to learn how money REALLY works, what you should REALLY be doing to make the most out of every penny you earn and most importantly WHY you need to ensure that you're completely financially savvy and competent even if it's a subject that you've never taken SERIOUSLY before!
Why am I so serious about this??
My dream is to help as many awesome women (and men of course) as I possibly can gain a healthy, strong and completely accurate understanding of personal money management so that I can prevent as many amazing individuals as possible from falling into the soul destroying trap of handing over their precious time, their energy and lets be honest the most special years of their life to endlessly work for the worst of all bosses - money itself!
As Ann Wilson and so many other amazing financially free individuals often say - "Money can be a great servant but it's a terrible leader!"
That's why, on Evaknows I want to start sharing with you the BIGGER PICTURE of the financial freedom journey itself and why it's so important not to let money lead the way in your life!
Over the last 2 years i've been climbing my own personal journey to financial freedom and I have become overwhelmingly aware of how much I let myself (through lack of financial education) become led and controlled by the myth that I had to hand over 'me' each and every day to 'earn' money to support my lifestyle.
No one had sat me down and told me there was another way! No one explained anything about assets, liabilites, expenses and how I was meant to go about building a financial future that I could truly love and enjoy...
A future in which money wasn't my boss/leader but instead was my servant!...
(This is something I would love to start including in my blog in the next few months if you guys would be interested in me expanding my topics to talk more about my own experience with 'personal money management' and how i'm putting processes and steps in place to ensure that every drop of passive and active income I make, I keep working for me to either create more assets or I use to help build a rich juicy lifestyle I love!)
...So for the past 2 years whilst I was building my passive income I also started my own 'mini personal school of financial education' and i've read, watched, researched and applied as much knowledge as I possibly can about money management to my passive income journey to ensure i'm doing to the very best I can to create a financial future I'm proud of!
That's why once you make the amazing decision to get started on your passive income journey, I also think it's super essential to get truly educated on not only the right ways to make money to create your financial freedom but I also think it's super duper important to get clued up on the realities of personal money management and how exactly you should be building the RIGHT 'cash-flow' to help you reach your financial freedom 100 x faster.
It didn't take me long on my own journey to realize that i'de only touched the tip of the iceburg when it came to my financial literacy when I decided to start building passive income and I soon uncovered a whole world of amazing financial knowledge once I really began taking my money and my future seriously.
Below i've listed just 2 absolutely amazing 'introductory' financial education books that have really helped me gain insight into the huge mistakes I was making with my own money and my cash-flow.
I personally think they're definately worth checking out if you're looking for 2 ultra financially savvy authors to help guide you in the right direction when it comes to gaining your financial freedom.
As I mentioned above it's so essential to encourage your mind to look at the bigger picture when it comes to your overall financial situation before you dive right in and start building your own passive income businesses, investing in the stock market or anything else you decide to give a try...
Simply because before you're about to embark on possibly one of the most long, tedious, focused, amazing, rewarding and most importantly profitable personal growth journeys of your life (building the financial future you dream of through passive income) and to it right I personally think you need to have everything in place mentally to not only remain persistant in your BIG goals over the years to come but also to ensure you are doing everything you possibly can to MAKE THE MOST of every penny of income that you create along the way.
In one of my absolute favorite money management books Ann Wilson - The Wealth Chef, she articulately breaks down not only the right way to create and scale your income but she also goes way more depth then I possibly can in this blog post into the BEST ways for you to utlilize every penny of passive and active income you earn to help you reach your financial freedom goals so much faster.
If you're a complete newbie to building assets and creating wealth then I personally think The Wealth Chef is an amazing book to help broaden your mind and bust some of the worst myths about money management - I'm not going to lie I read this book from cover to cover in 2 days and it still sits on my bedside table now!
I also truly love Tony Robbins book - UNSHAKEABLE and think it's an awesome read to inspire you to think bigger, broader and most likely out of your comfort zone as it's centered around the cold hard myth busting truth that you actually can't 'actively earn' your way to FINANCIAL FREEDOM!
I've read a number of Tony Robbins books and personally think this is my favorite by far!
As much as I love the concept of improving your mindset in general when it comes to believing in yourself, achieving happiness and generally becoming a more content person as a lot of Tony Robbins books centre around, in truth I'm not really one for reading a book cover to cover if there isn't alot of PRACTICAL guidance and advice on how exactly i'm going to achieve my BIG goals so that I can actually really apply them in the physical world!
Ohh yes, as much as I love motivation, inspiration and all things intangible - I studied Biological Science for 4 years and because of that i'm one heck of a PRACTICAL kind of girl!
The geek inside me likes a whole lot of methodology and step by step guidance on exactly what it's going to take to achieve my financial goals and I personally found UNSHAKABLE an awesome resource to help me shift my mindset to the world of investing and using the money I earn to help enhance my financial future instead of letting it gather dust in a low income saving account or simply spending it away!
When I sat down and started reading UNSHAKEABLE I personally found so much practical value and financial information crammed into the pages and this book alongside the Wealth Chef has helped me scale my mindset and opened my eyes to so many false beliefs I've carried around with me about not only how I should be 'earning' my money but also what I should be doing with it once it hits my bank account!
MY FAVORITE MONEY MANAGEMENT BOOKS:
📚 ANN WILSON: The Wealth Chef - How To Make your Money Work Harder, So You Don't Have To!
📚 TONY ROBBINS: Unshakeable: Your Guide to Financial Freedom through investing!
So there you have it 3 hopefully helpful resources to guide you at least a little closer to your goals on your own financial freedom path.
I hope you enjoyed the video and defiantly share it with anyone else who's also working on their own financial situation if you think it can help them at all.
I truly welcome anyone on my blog no matter their current financial situation or were they're at in their own passive income journey - the more amazing like minded women and men here the better ;)
Thankyou so much guys for taking the time and energy to read my blog post and watch the video.
It truly means so much to me that so many of you are as motivated and inspired as I am to build a better financial future for yourself and you're checking in with me from time to time to listen and read about my personal journey to improve my financial situation!
I wish you so much luck in achieving your own financial freedom goals...
You got this girl, go get the financial future you want and deserve!