2. “You need a business to achieve financial freedom”
Some people want to retire by a certain age. A lot of people like the number 40 for some reason.
People have done the math. If you want to retire by 40 and want to spend $4K a month, you need at least $2.5 million in retirement savings.
That’s why many motivational speakers advocate for being a business owner. Because “very few people can become millionaires by being an employee.”
But while it’s great to have a profitable business, you really don’t need to be a full-time entrepreneur. Financial freedom is all about having options like an online business, rental income etc.
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The myths about money.
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The idea is part of this collection:
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