The Ultimate Plan to Achieve Financial Independence
Are you working in an unfulfilling job and wish you had passive income? Do you wish you had more assets generating cash flow, so you could spend your days how you want to? Would you like to start building your portfolio to generate the returns you need for a comfortable retirement?
Today, I'm sharing The Ultimate Plan to Achieve Financial Independence.
And stick around until the end where I'll share with you the #1 resource I wish I had before I achieved financial independence.
I'm Rachel Khoo, a financial coach and Founder of Expense Concierge Solution. We help women gain independence with 1:1 coaching to become financially free.
And I have worked with a lot of clients who wanted to begin their financial journey, but just didn't know where to start. It may seem overwhelming at first, but that's why I created this company.
The ultimate plan to achieve financial independence is quite simple.
Take the money you make from your day job and invest it into assets like a business, stocks or real estate.
Then, take the returns these assets make and continue to invest it back into these assets.
Keep going until your passive income from the assets is greater than the active income you make from your salaried job.
Now, most people get stuck at the very first step. It's hard for them to invest any money at all because they are spending more than they're saving. Until you get control of this, you won't be able to invest.
Another common place people get stuck is trying to figure out which assets to invest in. This is where it can feel quite tricky. From starting your own business, to investing in the stock market or purchasing real estate - it can leave you feeling paralyzed.
This is a very personalized situation. Not everyone will invest in the same assets because everyone is in a different situation.
This is why I wish I had access to a financial coaching program like the one I created for my clients called 3 Months for the Next 30 Years. Here are the 7 steps to my signature program which has helped my clients gain financial independence.
Step 1: Take a financial audit.
First, we need to gather your net worth by collating all of your assets, liabilities, income and expenses. This will give us a clear starting point.
Step 2: Clarify your goals.
Next, we’ll identify the ultimate outcome you’d like to achieve and set a timeline to keep us on track.
Step 3: Understand your values and beliefs.
Then, we have to understand what is important to you and the current relationship you have with money. What do you perceive money as today? What persona do you give it? At the end of the day, money is a resource and tool to use to help you get towards your goal. If you think of it another way, it will hinder yourself from reaching your goals.
Step 4: Identify your resources.
We’ll assess the resources you currently have access to. If you know any people who can help you discover the proper tools, strategies and resources to help you on your financial journey.
Step 5: Create an action plan.
Now, we are ready to prepare a personalized action plan specifically for your situation, goals, beliefs and mindset. This is the plan we’ll use to get you towards your goal, and ensure it's sustainable enough to continue working after the coaching program is over.
Step 6: Solidify your goals.
Here, we’ll review your financial goals to ensure they are tangible enough to achieve. We’ll make sure to tackle any roadblocks that might keep you from fully achieving your goals.
Step 7: Keep yourself accountable.
Finally, we all know that accountability helps to a certain extent to get us towards our goal. We’ll set up systems and structures to keep you accountable to the people closest to you.
After you go through this process, you'll have a clear financial strategy customized to your current situation that will properly set you up for financial success in the next 30 years.
Now, I know what you're thinking. Why would I pay money when I'm trying to save and invest my money? The key here is that this program is an investment. Learning my systems and strategies I took from my banking and personal experience will help you speed up your financial journey and get you on the right path towards financial independence.
Trust me, my clients have told me that this program helped save them thousands of dollars from trying to figure things out on their own.
So, thank you for tuning into today's episode and if you're interested in my coaching program, please email me at email@example.com or visit ExpenseConciergeSolution.com for more information.
🌟 If you’re ready to become financially free, please apply here for a chance to book a complimentary consultation with me.
If you’re still considering whether you’re ready to work with us, you can download our free guide The 5 Critical Steps to Financial Agility.
Break free from worry and achieve financial security.
Become financially free! 💸