The Importance Of Financial Independence

Words and phrases become fashionable from time to time and the buzz words right now are “Financial Independence” – specifically the importance of financial independence.

Actually it’s a very important subject and to help explain the background to this and why everyone is talking about it again we re-visited the video from Jim Rohn where he talks about the Importance of Financial Independence and what he learnt from his mentor Mr Shoaff

The Importance of Financial Independence Video

Mr Shoaff has this simple philosophy …

How far should you go? As far as you can.

How much shouldyou learn? As much as you can.

How many books should you read? As many as you can.

How much should you earn? As much as you can

How much should you share? As much as you can

What should you accomplish? As much as you can

That’s a good philosophy

Financial independence is a worthwhile goal and the only way to get money out of the way is to have plenty. If you’re working eight to ten hours a days that’s about it. You can’t put in more than about eight to ten hours a day. BUT ….. If you utilise that eight or ten hours better and you doubled, tripled, quadrupuled your income then that would be much better wouldn’t it?

In the video the importance of financial independence you will hear Jim Rohn talk about a book we love – The Richest Man in Babylon by George Clason

The theme of the book is how to live on seventy five percent of your net income and about paying yourself first and about taking care of the goose that lays the golden eggs …

We’ve put together the transcription of The Importance of Financial Independence so if you would like it do leave us a comment and we’ll get it across to you

We’ve actually been running a series of webinars teaching the importance of financial independence

Visit our Live Stream to watch

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We’re former accountants of a certain age with 5 great kids and 3 grandchildren. We love skiing and traveling the world and have achieved a fabulous life helping others to start and build a successful business online and now speak on international stages following that passion. Our worldwide educational business is centered on online marketing business education and wealth creation and a desire to help you create financial freedom online through entrepreneurship whatever your age or experience.

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How To Become Wealthy : Pledge To Be One of The Four Percent

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Who Are The Four Percent

To explain who are the four percent we need to back up a little and talk about the 80/20 principle – known as the “Pareto Principle” named after the guy who discovered it – an Italian Economist Vilfredo Pareto, who, in 1906, found that 80% of the land in Italy was owned by 20% of the population. …

Bear with us here as finding out who are the four percent relies on this principle. You see what was most important about Pareto’s finding was that this 80/20 distribution occurs extremely frequently…

In fact it applies in virtually every area of life.

So let’s look at who are the four percent in the business or entrepreneurial world

Who Are The Four Percent

Let’s explain who are the four percent then. Say if 100 people want to become financially free (say their goal is to create a $10,000 per month income) – 80% of them (80 people) will just talk about it. They will take no action. 20% of them (20 people) will take “some” action.

What most people don’t realize is that there’s the 80/20 within the top 20% as well. So out of these 20 people now here’s what will happen: 80% of them (16 people) will dabble, kick the tires, try things out. They might even work hard and come across as being “busy” trying to do stuff. In reality these folks never get the result they want. Why? They do what’s “convenient” and nothing more. They also have no strategy for getting where they want to go. 20%, however, (4 people) will do whatever it takes to achieve their target – $10,000 per month. These folks (the four percenters) are super dedicated and don’t tolerate average. They don’t make excuses. They don’t look for reasons why something might not work. They MAKE things work. They work very strategically and create their own economy. Research shows that these four-percenters earn around 95-97% of all the income that’s being earned in any given industry.

These folks have the most amazing life styles and also contribute the most.

So that’s who are the four percent

Isn’t it about time you joined the four percent?

Download our PDF to find out more and pledge to become one of the four percent : Who Are The Four Percent

And register for our BIG Webinar where we will introduce you to the way in which you can become ONE of the FOUR PERCENT