The final way to achieve financial independence or financial freedom is to go and sell a product.
Look, you got to understand something.. The majority of the people are selling their time. But the people who understand the prosperity formula and understand that finance is a game of buying time? They don’t sell their time, they buy time.
Financially Independent individuals don’t sell their time (their most valuable commodity) for a fixed hourly rate that usually doesn’t go up very much. The wealthy use systems and strategies like investing, trading or selling a product to buy themselves time. They buy time rather than sell time.
Again, based on the example above, we know that you need $4,000 per month in passive or semi-passive income to achieve financial independence.
If you have:
A $100 product, you just need to sell 40 products per month.
A $200 product, you only need to sell 20 of those per month.
A $500 dollar product, 8 sales per month is going to give you enough income to pay for your living expenses.
(Disclaimer: These figures don’t account for margins or tax).
In summary, If you haven’t done the math on your own financial independence, I urge you to do right away. It takes mostly about 15 to 30 seconds to do the math.
It will probably take you 1 min to do the whole thing and you’ll know exactly where you are, where you’re going and you’ll know exactly how to get there.