I bet you all remember the really smart kid at your school when you were growing, the one who was “destined” for great things in life. Well, I bet you twenty years later that the most successful person in the class is not that smart kid but the person who took action, a few risks and was bold.
If you want to reach financial independence, yes you need to build up your financial knowledge, understand different asset classes, understand tax laws and get yourself in the right mindset…but all of this information which makes you knowledgeable is only worthwhile if you take action with this information. That statement is so important I will repeat it again, a person will only be successful if they take action based on the knowledge they have developed. That action could be buying your first rental property, having the confidence to go into a shop and buy your first gold or silver coin, or buying your first share.
Yes, the action may feel intimidating at the time. It may feel as though you are risking a lot and there is a big downside…but if you have done your research and reading, consulted suitable mentors then the chances are that everything will work out. If you’ve been bold and taken action and things haven’t worked out, then dust yourself down and try again with the new knowledge you now have! This is the way things have to be, playing it safe will not get you to financial independence.
The magic ingredient in all of this is finding the trigger that will stick that rocket up your backside and get you taking action now. That rocket has to be something which comes from you. One way I have found to do this, and sorry for sounding depressing, but it really works, is to think about how you want to be remembered. What would be written on your gravestone…do you want to be remembered as a success, someone who lived with no regrets, was able to fulfil all his dreams…if so live with passion, take action and a few risks along the way and I’m sure you will reach financial indendence sooner than you think.
Just remember, life is finite, seize the moment, carpe diem…most importantly take action. Fortune favours the brave and financial freedom will find the action takers! Get off that fence and make some decisions.