Financial Freedom Plan Based on Price Versus Cost

October 15th, 2007 | Stacey | Financial Independence, Financial Freedom Opportunities, Financial Freedom

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A good place to start when putting together a financial free plan is to consider price versus cost. The price is a one time amount while cost is a long-term pricing system that is based on overall usage and expense.

For example, if a person works for 45 years for 50 weeks every year and puts in at least 40 hours weekly, it totals 90,000 hours with nothing to really show for it at the end. Considering retirement statistics and the inability for people to support themselves during their senior years and the actual cost is your life.

On the other hand, as a business owner or entrepreneur it is highly likely you will work for 12 to 18 hours daily, 6 or 7 days every week. If you’re working 100 hours weekly, every week of the year, in one year it will be 5,00 hours. After 18 years, a business owner will have worked the same amount of time as an employee working about 40 hours weekly but he will finish 27 years ahead of time and will be likely to be making far more money with greater stability.

The bottom line to becoming financially free is that the cost of living a “normal” life with a job will wind up exceeding the cost of seeking true financial freedom. You can put in twice the effort now so you can relax in your twilight years with enough money or spend every week looking forward to Saturday so you can retire without sufficient means and significantly lower your lifestyle.

A successful financial freedom plan requires you to step out of the box and embark on a new journey based on self-sufficiency – dare to dream!