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.