Cash Flow Per Share Vs Free Cash Flow Per Share Why I Will Be Financially Free in 5 Years

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Why I Will Be Financially Free in 5 Years

If you know me at all, then you know that I always have crazy dreams and ambitions. When I was in high school I wanted to get married by 19, I got married at 20. I also wanted to have children before I was 23, I will have my first child right after my 22nd birthday. I now have a crazy dream/ambition to become financially free within 5 years. So I plan to be able to retire by the time I’m 26.

This wouldn’t be so hard if I was making over $100,000 a year, but I’m not. It would also be easier if we didn’t have a baby on the way, but we do. In fact, I plan to achieve this by starting with $20,000 in consumer debt and earning a total pre-tax income of around $40,000 per year. Not much to begin with.

I know people who have made over $100,000 their entire lives (30+ working years) and they are still not financially free. So why do I think I can do it when so many other people have failed? Well, let me explain why I think I will be able to become financially free in just 5 years (by the time I’m 26).

1. I don’t think it’s net worth in terms of cash flow

Many investors think in terms of net worth. They want to have a net worth of over $1,000,000 or if they buy $10,000 worth of stock, they want to sell it a week later for a profit and increase their net worth. I, on the other hand, think in terms of cash flow. When I buy something, I don’t care if it goes up or down in value, I care about the cash flow it throws off.

If I buy a house and it makes me $30/week, then the value goes down 20%, I don’t care as long as it still makes me $30/week. That’s $30 a week that I don’t have to work hard to earn, and it’s money I can live on or reinvest. I’m not trying to push the real estate market up and save myself from going down, I’m trying to generate as much cash flow as possible.

I know it doesn’t sound like much of a difference, but many people fail to become financially free because they focus on making money instead of generating cash flow.

2. I am always learning

You can almost always ask me “What book are you reading now?” and I’ll get an answer about some money or real estate or stock book I’m reading. You can also ask me “What did you learn this week?” and I will almost always have an answer for you. I am always using myself and learning more and more.

The more financially educated I am, the richer I will naturally be. When you know better, you do better and that creates better results.

I currently do not have the financial education to become financially free right away. But for the next 5 years I have to study and study and all this knowledge adds up and eventually I become smarter about money. Therefore, I know that I have the accumulated knowledge of 5 years of study ahead of me, and I know that this knowledge will definitely help me become financially free.

3. I’m not just willing to take risks, I want to take risks to learn

Many people are too afraid of losing money that they never make money. A true investor wants to learn something from every business he ventures into. I am not afraid of risk and I know that by taking risks and taking steps of faith you learn. As long as I learn from every risk I take, I will be able to make a lot of money in the long run.

If I do a real estate deal and end up losing $50,000, I’ll be a little upset, but I’ll be okay with that as long as I learn something. It may cost me $50,000 now, but this learning experience will probably make me millions in the future.

4. Financial intelligence attracts money and people with money

Financial intelligence attracts money and people with money. I’ve been studying money for maybe 2-3 months now and I’m already attracting people with a lot of wealth because I know what I’m talking about. Many people have a lot of money but don’t know what to do with it. Some inherited it, some got lucky so they are really good at their jobs, but most of them don’t know anything about investing and making your money work for you.

Financial intelligence is the intelligence to use money to gain more freedom and happiness for yourself and others. This is usually achieved by making money work harder for you so you can earn more and work less. I know how to find positive oriented real estate, most people don’t. I know how to leverage bank money to increase ROI, most people don’t. I know the basics of tax law and how to legally earn more and pay less tax, most people don’t. I know how to make money work more so you can work less, and people don’t know that.

Knowing what I know naturally attracts money. Everyone has fear and greed when it comes to money. My knowledge taps into their natural greed for more money (which isn’t always a bad thing) and reduces their fear of risk (because I’m educated about what I’m doing). So, even though we only make $40,000 a year together, with my financial intelligence, we can attract much more than that.

5. I will use leverage

Leverage is basically doing less with more. I plan to use other people’s money and time to get rich. I will start with other people’s money, I will use the banks’ money to buy my investments. I can give 10% and the bank will pay the remaining 90%. My tenants will then pay all my expenses and neither the bank nor my tenants get any profit from the investment. I pay 10% and get 100% profit. So if I put $10,000 on a property worth $100,000 and the tenant pays my expenses. If this property increases by 5%, I earn $5,000, which is 50%/year of my initial investment.

Leverage can significantly increase your ROI and this is why I will be able to become financially free in 5 years by making more with less with leverage.

6. I Love The Game

I really enjoy the money game. I enjoy learning about money, I enjoy using money, I enjoy investing money. I enjoy business, corporations, investments, property, stocks and anything else that has to do with money. Some people play poker as a game, some people play golf as a game. Money is my game, I love it and I want to win.

My love for the game drives me to learn more and get better, it drives me to practice and be good at it. The love of the game will push me hard until I’m financially free, and then push me even harder to keep getting better.

7. I know my “why”

I sat down and talked to a few people about their investments. I always ask the question “Why do you want to invest?”. The funny thing is that most people don’t have a clear answer to this question. I have a clear answer to my why, and that clear answer guides my investment decisions. My why is:

So I can have as much free time as I want to spend with my family and have a platform from which to speak about people’s lives.

I want to be financially free so I don’t have to work but I can spend time with my wife and kids. I also want to have a lot of money because people automatically want to listen to you. If I were a billionaire, you would want to hear what I have to say, because everyone wants to be rich. When I become rich, I get a platform to speak about people’s lives and make changes for the better.

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