Do you know the difference between
financial confidence versus financial freedom?
You see I used to believe in this;
That financial freedom is what I wanted.
Right? Cause I have read so many books that talk about
"Oh you want to be financially free?"
Hey do you want to be financially free?
Then do all these things.
Now the definition of financial freedom
might change. Sometimes some people might say
that always when your passive income exceeds
your personal expense. Then you no longer have
to work for money, then you are free.
Or you have a portfolio of investments
or a large sum of money
then you are financially free.
Now today I am gonna go deep.
Let me debunk that for you,
this is what I have learned the hard way.
This is coming from experience,
speaking from experience to you right now.
Here is what I believe in;
first of all lets look at the two words: Financial, Freedom.
Lets just look at the word freedom first.
Comment below "how do you define freedom for you"?
Some people may say that well, freedom of speech,
that I can say whatever I want.
Well do you have that right now?
Some people might say that its freedom of mobility.
That I can co wherever I want.
Do you have that right now?
You see if you are in North America
or you are in most of the countries in the world.
unless you are in some other countries.
Chances are you have quite a bit of freedom in your life.
You are kind of already free.
You see what I am talking about?
But yeah most people they set this goal
and say that "hey I need to make a certain amount of money.
I need a certain amount of money coming in.
Then I will be free.
That's not what I am talking about
because when you talk to most people.
When and if I sit down with them I sit down with you
and I ask them go ahead define financial freedom for me.
Chances are they will say something
along these lines; "where you can
do whatever you want, wherever you want,
with whomever you want for as long as you want.
Without having to worry about money."
Chances are that's what they will say.
That's what I used to believe,
but here is also what I have learned.
Just because you are free today
it doesn't mean you are free tomorrow.
Now if you have made any kind of investments
That are producing income for you
you know exactly what I am talking about.
When the investments are doing well you feel like
you are the king or queen of the world.
Things are going so well, you feel good,
you got money coming in, the money is rolling in.
You are doing good you are free.
But suddenly when your investments don't do well
or your businesses don't do well;
Suddenly you are less free.
So here is what I have learned,
just because you are free today
it does not mean you are free tomorrow.
So back then when I had multiple of
these like mini sites on the internet.
I was selling digital products.
I was running it on google adwords.
I had money coming in so fast
and I was thinking to myself, "Oh wow this is so good
I've got money coming in. I am free!"
I have way more passive income
coming in then my expense, good.
Until, guess what?
Changes in google, algorithm changes.
Now suddenly my add cost skyrockets.
Before it was profitable, now every
sale that I make, every digital product
is now losing money.
I was free here...
and then suddenly now I am less free.
Because any changes within my business
and changes are happening faster then ever,
in our human history because of technology.
So you see, do you see how financial freedom
it is an illusion? It doesn't exist.
So you are striving for something that doesn't exist.
So what you have to realize is,
number one you are already free.
You can go wherever you want.
You can drive, you can take a plain,
you can do whatever you want,
you can say whatever you want.
A lot of people say stupid shit on the internet.
Yes, you have the freedom you are already free.
Unless you are in prison or something like that.
But you are technically free
you don't need to strive for it.
I believe, a better way to look at this
is not "do whatever you want however you want."
It's not having to do something
when you don't want to do it.
When you get to a point where
you know what I am not going to do that;
I am not gonna be there, I am not gonna meet
with this person, I'm not gonna take on that project.
That is a much, much more powerful concept.
I talk about that in my book F.U Money, right?
Where you can click here
and download it for free. I talk about that.
So you may be thinking "well Danny
if I'm not aiming for financial freedom.
Like what a lot of these financial books talk about
or business books talk about. What should I aim for?"
Instead of aiming for financial freedom
here is what I think you should aim for.
Financial confidence, now financial confidence
is a completely different concept.
Because it has nothing to do
with what happens externally.
It has to do with you internally
what's going on within you.
Meaning that you have the confidence.
You how have the confidence that
that you can make money regardless
of what happens to your business.
Regardless of what happens to your investments.
Regardless of what happens in the economy.
You are not waiting, you are not hoping
a investment will provide for you.
Or a business will provide for you.
You are not-If they do awesome but knowing that
you have the confidence if knock on wood;
You lose everything tomorrow.
You have the confidence that you can make it back,
you can bounce back. In fact you believe that
it took you first time maybe this much time
maybe ten years to attain this level of success.
Second time around you can do it
in a much shorter period of time.
You see that's financial confidence.
When you are financially confident
that's true freedom. Because you know
I could go anywhere, I could go into any city,
as long as it is a capitalist society.
I could make it. I could go into any industry.
I could make it, because you have the skills.
You have the confidence, you know what you are capable of.
See that's what gives you piece of mind.
That you could go anywhere and make it happen.
That you are able to produce results,
deliver value in the marketplace.
That's what I am talking about that's true freedom.
Not the freedom, not the freedom that most
people talk about which is illusion.
Financial confidence is what gives you the freedom.
On April 24th I'm doing a special online event.
Called Unlock the Wealth Triangle.
Click the link and join me and get a ticket.
You can participate from
the comfort of your own home.
Join us, we have students joining us
from all over the world.
Get your ticket and I'll go much more
in depth about exactly what you need to do.
To develop the unshakable,
financial confidence that you need in order to be free.
So go ahead click the link
and I'll see you in class.