How did you become financially secure?

How did you become financially secure?

Posted by:- Thinking Boxx Team

How did I attain my financial security gold laying goose you ask?

Ok, my path is not easy and it is not for everyone, as it is unique to my skills. I will share an easier way to financial security.

The easy way:

1. No debt to start anything with.
2. Get a job. Divide the income 5 ways:
1. Living expenses.
2. Life goals savings. (marriage, car, education,etc)
3. Emergency savings.
4. Investments options. (let it compound)
5. Start an online home business. Divide the income 5 ways:
1. Living expenses.
2. Life goals savings. (marriage, car, education,etc)
3. Emergency savings.
4. Investments options. (let it compound)
5. Start an online business. Divide the income 5 ways: ( well, you get the idea)
3. Quit the job once you have 3–5 stable online businesses. Then:
1. Sell one business and buy real estate and rent it.
2. Create new online business and wait for it to mature. Then:
1. Sell one business and buy real estate and rent it.
2. Create new online business and wait for it to mature. Then:(you get the idea, repeat)
4. Now you have 3–5 real estates. Use their rent to buy more real estate.
5. Now you have
1. Financial investments portfolio compounding.
2. Real estate rents.
3. Online businesses income.
6. Sell all remaining online businesses and put the money in the financial investments portfolio and let it compound.
7. If you have 5–10 real estates you can retire on the rents. Let the financial portfolio compound.
8. When the financial portfolio matures take half the profits every year and add it on top of the rent money and live like a king.

This process can take anywhere from 5–15 years to finish. The key is to

1. Stay out of debt so you can try as many times as possible with online businesses, no matter how many times you fail you can try again next month, unlike with debt. after next 5 years.
2. Create as many sources of income as possible, not just to increase the revenues, but to dilute the risk of losing one source of income or another.
3. When in doubt.. compound. The whole point is reinvesting most of your revenue and spending less than one source of income.

P.S: you are allowed to use debt when your online businesses are big enough to hire a financial manager.

Thank you for Reading 😊 😊 😊 🙏