Why Is It Important to Be Financially Independent?
Why is it important to be financially independent? The truth is, financial independence is important because job security is an illusion. It’s a myth for the average person.
I’m Ted Thomas, and I’ve been an entrepreneur for over 30 years. Entrepreneurs think differently; they are willing to take risks. However, being your own boss is worth the risk according to most entrepreneurs.
Want to learn how to achieve financial freedom? Would you like to buy mortgage-free homes for pennies on the dollar? Or earn double-digit interest rates secured by real estate? Then you don’t want to miss this FREE Mini Course.
Achieve Financial Independence and Be Your Own Boss
Today I’m answering your question, “Why is it important to be financially independent?” Well, as I’ve stated, being your own boss is a vision and a dream for most people.
I’m not a psychiatrist or a counselor, however my observations reveal that many will take action, become an entrepreneur and ultimately create financial independence if they’re just given a chance.
As we grow, we elevate in status those who strike out on their own. We have respect and admiration for these pioneers because they take action on their dreams and visions.
Financial Independence Means More Security and Control
At this point, I’m going to tell you, and I don’t sugarcoat this, I have seen thousands of entrepreneurs get started and move from a 40-hour-per-week job to going home and working a 60-hour-a-week job without knowing if they’re going to get paid.
Is that good or is that bad? Only the newcomer can choose.
Why is it important to be financially independent, and what are the benefits of financial independence? The short answer is people want more security and control of their own life.
Don’t Try to Become Independent of Your Job Too Soon
Let’s start with a few rules. These are what I call the Thomas Rules and are not written in any college course, but they are valid.
Rule #1 – Don’t quit your job.
Envisioning and dreaming are fine, I get it. The boss is a pain in the assets, and it’s a bear 5 days a week. The problem is you don’t know what you don’t know.
That brings me to Ted Thomas Rule #2 – Don’t quit your job unless you have enough money to take care of yourself, your family and business.
Why is it important to be financially independent? Because job security is a myth, and you need to take care of yourself. If the economy moves in the wrong direction, you could be affected. Then, what would you do if you’re not financially independent?
Becoming Economically Independent Requires Work
Most people want to be freelancers, or they have the vision of being an entrepreneur and that vision is travel, lots of weekends off, and work when you feel like it. All I can say is count me in! I have the same dream.
Many of you have a vision of supporting yourself on very little money. I can assure you, that’s going to be difficult.
Freedom of choice is important, and financial independence allows you to make all the choices you want. However, that doesn’t mean that you won’t have to work much harder than you’re working now.
You choose to work or play. A lifestyle or to have lots of money? I can assure you having both is going to be difficult.
Entrepreneurs may work at night; they might work ALL night, and no one cares. They are unique, and their personalities are stubborn and determined. These are all traits of entrepreneurs and people who want to be financially independent.
Become a Financially Free Investor
I found a business, and it’s simply this, but first, let me start with a question.
If you could buy a slightly abused home for a 60%, 70% , or 80% discount and you had the funds on hand, would you do it? If I told you that you could sell it for any price above that 20 to 40 cents on the dollar, would you do it?
Sounds impossible doesn’t it? Well, there’s actually a whole world of this, and it doesn’t fit the corporate mold.
30-years ago, I discovered a little-known but highly lucrative underground part of the real estate business. It was just like traditional real estate, homes, vacant residential lots, small apartments, and small farms, except the properties were taxed defaulted. The owners had walked away and not made their property tax payments.
I have a free gift for you, a special Master Class that will show you how to profit with tax lien certificates and reveal the secrets of tax deed investing. Get your FREE gift today.
How to Become Financially Independent by Investing in Real Estate
The government does not want abandoned properties littering the landscape. So the legislature passed laws that say if the owner doesn’t pay the property tax, the county will confiscate the property and sell it for pennies on the dollar to put it back on the tax roll.
The local government does not want these properties, so to sell them quickly, they discount the properties 60%, 70%, even 80%.
Imagine you buying a property for an 80% discount. Could you sell it and make a profit? Of course, you could if you learned how!
For 200 years, local governments have continuously auctioned real estate properties which others defaulted on and didn’t pay taxes. This is not a new business, and it’s available in all 3,000+ counties.
A Strategy to Achieve Financial Independence
Today I’m answering the question, why is it important to be financially independent? The major reason is, you want more security.
Imagine a $200,000 property at auction for 20 cents on the dollar, that’s $40,000. The margin between the purchase price and the tax assessed value is $160,000.
Then, what if you only sold the property for $100,000? Your asking price would attract hundreds of people.
Your margin between the purchase price and your sales price is a year’s pay for most people. Can you envision yourself on the way to financial independence?
We hope you enjoyed Ted’s lesson, “Why Is It Important to Be Financially Independent?”
You can’t trust in job security or an uncertain economy to keep providing for you, and your situation could quickly become precarious if you aren’t financially free.
For over 25 years, Ted Thomas has been teaching people how to become financially independent via tax delinquent real estate investing.
If you’d like to know more about tax delinquent property investing, Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching with certified coaches.
You can learn how to reap the huge rewards from tax lien and tax defaulted property investing! Get started today by taking advantage of Ted’s Free Master Class! Act now, it costs you nothing and will give you a big head start!