My road to financial freedom.
byon 04-28-2008 at 09:56 AM (2782 Views)
I'd just written out three quarters of my first "wealth" blog, but it was sooooo long winded and going down 50 paths at once, so I deleted the lot, and am starting again. In SHORT form..
I want to be financially secure one day. More than secure, free. I want to be able to do the things I choose. Give to charity, travel, look after relatives & friends... Basically, I want the "freedom" that comes from not having to worry about money.
I know money is not the be all and end all, but I believe it is better to have than not have, in a lot of respects.
I have been studying all sorts of get rich, financial, business books now for about 10 years, and 100% believe I have the internal knowledge and personal internal resources to really make something of my life.
I didn't particularly come from a wealthy family. Far from it. And i'm not particularly wealth myself... Actually, far from that too. :-)
But with all my reading, I have set out some minor and major goals, and roughly drawn out a path to reach my goals.
First of all, everyone knows that Real Estate & Shares etc are the ways to GREAT wealth.. But how does a young man with little or no money, accumulate enough wealth to even be able to BUY Real Estate or Shares? It would take me forever to save enough many before I start getting back good money.. And if I wanted to get there fast, I would have to give up a LOT in the mean time.. And I don't have a lot to give up...
The second great book of my life was "Rich Dad, Poor Dad" by Robert Kiyosaki.. It gave me my first really good financial, wealth building knowledge, and his second book "Cashflow Quadrant" taught me how an every person can start on the way to making a lot of money...
That is through Business... An employee may make $50,000 a year if they are lucky, a good business could make $500,000. I don't have the money to buy a house, and that won't pay off for another 10 years anyway.
But I have the resources to start a small, part time business, and start on the path towards financial freedom.
I came up with 100's of idea's for business', and even started writting financial plans for some of them. I made up an Excel spreadsheet that I could punch in some rough figures, and it would pump out an estimated profit the business would make.
It was exciting seeing this nice profit I could make one day if I got some customers/clients.
I had to eventually realise that I did have limitations as to what I am capable of at this point in time, so had to narrow down the business idea's... And I came up with the perfect one :
Office Cleaning !!
1. I don't have much money for outlay, so this won't cost very much at all to set up.
2. I have bills to pay, so I can't leave my regular paying job, just yet anyway. Office cleaners usually do their work after hours anyway.
3. There are literally hundreds of offices and small business' around my area, so there is no shortage of clients.
4. It is something that does not require any special skills.
I originally thought of making jewellery or something like that, and got pretty far into that idea. Even designing a special eye catching stand that I would lend to the shops to display my products and make people buy them. But after going over the figures, to make the sort of profit that would make it worthwhile, I would have to spend way to many hours making the stuff, and spend to much money on materials.
So a service business was definetely the answer to that, and office cleaning is probably the most simple service you could offer.
So this is where i'm at now... I've thought of a business name "Green Global Office Cleaning". Considering everyone is "green" concious at the moment, this would be a great marketing point.
I've calculated many of the financial estimates. Worked out some marketing idea's and plans. Drawn up some task sheets for the actual cleaner to follow (which will be me to begin with). Built a pretty crappy website (I'm hoping some of the guys on here can help me with this one).
Basically, the point of the arrow is getting towards actually making this damn thing happen.
Unforunately, I have worked on any of this for about a year, and have lost motivation.
That's something I have to work out before I can make anything start to happen again. But I think this is a very good start.. Even just talking about it now is making me picture some of the idea's I had back then... I welcome anyone else who has any suggestions for my cleaning business or words of encouragement..
Anyway, I absolutely think this is the first step towards making good money in the future. It's exciting. It's well within my capabilities. And with some hard work, it will be some decent extra money on top of my regular paycheck, and I can start looking at investing in other area's.
I feel a little excitement creeping back in.... Thank you Saddo for giving us these Blogs!! It's great stuff!