Financial Freedom 101

This article is geared towards helping our students gain financial freedom easier and faster than ever before.

We want to teach you to be a proficient trader on your own… truly, we want our students & subscribers to not need our help as quickly as possible!    That’s got to be a complete 180 degree turn from the mindset of most Options Trading Schools & Alert Services.  The goal of helping others become Financially Free is the sole reason why Jeff Tompkins, a Boise, Idaho based professional trader launched his first course and eventually grew that into The Trading Profit.  He just wanted to give back and show others the easier path he’s carved on his own.       We can just as easily be selling each of our students and subscribers fish day after day, but that’s not the objective.  We want all of you to be able to fish on your own.  Literally fish.  Jeff and I are both avid fisherman and we want all of you to have the options to quit your jobs and fish all day too.  Get tired of fishing easily? Then go play golf or take the boat out for the afternoon.  It doesn’t matter what you fill your time with; the point is to have the freedom to just enjoy yourself and your time with your friends and family.
That’s what being Financially Free is all about.  It’s about being wealthy with your time & choices.
It’s not just racking up a bunch of toys and houses filled with stuff.  Once you have the freedom to do what you want with your time, everything else is just icing on the cake.  It’s also perfectly fine if that icing is a Maserati or a beach house.  Just saying…

Before we go picking out summer homes, we need to start at the beginning.  You are going to have an assignment before next month’s July edition.  Don’t worry, you’ll like it.  I’m not going to ask you to sing “Piano Man” at the top of your lungs at Chipotle, eat a spoonful of cinnamon or anything crazy.  This assignment is for you to enjoy…
The first step of any journey is to figure out where you want to go first.  Grab a pen and paper, and if you can, dedicate a brand new journal towards your path of becoming Financially Free.   This notebook is yours only.  Don’t use it for your current job or place of employment, or for random notes or a to-do list from your spouse.  We don’t want to taint your work here.  It’s your plan of action and will help serve you to fire your boss and trade your briefcase in for a tackle box.  I’ll allow limited doodling, but don’t push it.

First mission is this:

Make a list of all of the things you want to do once you are Financially Free.   This is the most important task.  You must know where you want to go.  The key is to think as big as possible. Don’t limit yourself or judge your answers.  If you want a matte black Bentley golf cart that has a built in Scotch dispenser, than write it down.  While you are at it, get me one too.  Write down at least five answers.  If you have more than eight picked out, then you are on the right track.  Any more than thirty and you should be ashamed of yourself.  I don’t make the rules.
Now that you have your list written out, you’ll need to do one more thing before next month.  You’ll need to research how much each these things will cost you to pull off.
For example, if you said you want to spend a month in Hawaii, do the research.  Where are you going to stay, get flight information, rental car, food & alcohol budget.  Whatever it is.  Don’t forget how much it will cost to keep your current house going while you are gone.  We are making this real.  Find out the details above and when you are done, add up the costs for each goal.   Write out the total at the bottom of your page.
I can almost bet you that the amount of money it takes to do all of the things you have listed are about the same as what you make per year right now.  If its lower, than you short changed yourself, and if it’s much higher, you are on the right track.  Regardless of where you ended up, now you know where you want to go and how much it will cost you to get there.
We’ll pick back up next month where we’ll really get things started.

By,

Richard VanRich

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