Financial freedom is a process of goal-setting, growth, and achievement towards becoming the most empowered, fulfilled, and as successful as possible. It comes when you live the lifestyle that makes you happy, without ever receiving another paycheck. The coronavirus pandemic presents many challenges. We have lost much of our independence, and the dream of gaining financial freedom seems pushed further now more than ever. But, our perspective is everything.
In this article, we will explore how you can control your finances instead of being controlled by them. See why the path to financial freedom isn’t a get- rich-quickly strategy, and how it is your responsibility to handle your money well. Learn from Gun Hudson, who at just 32 years of age, is living his dream as a global citizen.
Gun Hudson is passionate about financial freedom. Through his multiple businesses, Hudson is helping people and businesses attain financial, time, and location freedom. Read through to learn about his critical insights on financial freedom.
- Create additional sources of income
Up to now, I’m yet to see anyone who has gained financial freedom through one source of income. Some experts recommend having seven streams of income. Even in the current situation that we are in, it is essential to look for ways to earn passive income on top of your day-to-day work. It is crucial to explore ways to make money even while you’re asleep. For Hudson, he runs multiple businesses, including Global Tax Freedom, and Satoshi Holdings. Diversifying your income sources generally increases your overall revenue. The internet provides many opportunities that many people with any skills can take advantage of and do business online. The important thing is to start with one source of income and build on others over time. Start with what you’re good at and perfect it.
- Thinking outside the box
Perhaps the correct phrase here should be ‘living outside the box.’ The point is, for you to gain financial freedom, you need to step away from your point of view to be able to see a different perspective of your current financial situation. No doubt that coronavirus presents a lot of challenges in our lives, but I’ve discovered that every problem has a solution. No situation is permanent. It is essential to have future-oriented targets so that you can see things differently. It is about thinking more about what is possible rather than sticking in the current situation. As a fund manager at Satoshi Holdings, Hudson has been able to overcome the market challenges by strategically thinking of possible future opportunities. In 2020 he has doubled his fund’s bitcoin Investments during the market crashes for himself and his investors.
- Invest in your current life, not your future
So many people don’t attain financial freedom because they think this is something reserved for the future. It is like procrastinating your happiness. The truth is financial freedom is all about gaining the freedom to do the things that you like to do when you want to do them. So this should be a target, for now, other than for the future. If you make it a priority to gain financial freedom now, you will surely work hard and explore how you can earn money to obtain that freedom you desire. At just that 32 years of age, Gun Hudson is living his dream. He did not choose to enjoy it later, and so he did everything possible to make it happen now.
Being good with money is a skill that anyone can learn through practice. That is why Hudson is on a mission to make you aware of how you can grow your revenues, no matter what you do or where you are now. The starting point is believing in yourself. There is no doubt that you have the unlimited capacity to obtain all the wealth you will ever need to live your life financially free. Take action now. Here is what you can do:
- Learn the skills of accumulating money and earning passive income from as many sources as you can.
- Be a student of money from this day forward.
Gun Hudson learned from Robert Kiyosaki’s often-ignored but straightforward advice from the Rich-Dad Poor-Dad story, and his game Cashflow 101. By 30 years of age, Hudson was already financially free, and jet-setting around the world. You can do it too. Never for a moment, think that it is not possible.