Let's Get You Some! Financial Freedom Episode #1

markdeheide (67) in money • 7 years ago (edited)

In this weekly series I will teach you how to gain financial freedom. This is not 'Get Rich Quick' scheme so if you're looking for that you're probably better off with some MLM bullshit or by becoming a drug dealer.

As always you can watch the video, read the blog or do both:

Short Sightedness

Is that even a word? Well if it is not is should be! How can you have less money to your name at 40 then at 20? What is going wrong with people? I don't think anybody deserves Financial Freedom, yet I think anyone should know about it. Learn the lessons to be learned and apply the discipline needed and anyone can create financial freedom to a certain extend. It's all about your mindset and knowledge. We nowadays live in a time where we want everything and we want it NOW. That is not a sustainable financial model.

Compounding Still Works?

Of course compounding still works yet not at the bank. However I see my friends and others spending salary's on drugs and alcohol, on trips to Cambodia and designer clothes. That's okay, I've bought a Hugo Boss suit once, I've traveled around the world. Yet I've also started my passive income flows when I was 21, and the mere fact that I did meant that I was actually earning money whilst travelling. Yes I've made mistakes yet the biggest mistake in my opinion that people are making today is not valuing Compounding. All those dollars spent on drinks could have been gaining 6% - 12% a year, leading up to massive amounts in a 20 year time frame.

I'm not saying you can never buy a drink or take a holiday, yet maybe it would be smart to at least have a little surplus and invest that?

What Will You Learn??

I'm going to teach you some very basic principles about money that are going to completely change your view about compounding, financial freedom and passive income. I'm also going to teach you in depth techniques to acquire and increase wealth. Most importantly I'm going to teach you how to get the mentality of becoming a freaking whale in real life, not just here on Steemit :)

What Do You Have To Pay?

Nothing, except 20 minutes of your time every Sunday! :)
Ow, and an upvote would be well appreciated haha :)

Let's becoming whale sharks!

money life blog story steemit

7 years ago by markdeheide (67)

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hiroyamagishi (68) · 7 years ago

Ride me in. I am following from now on and to learn. This is not financial, of course, however I practice to have to be open minded and treat each as an addition information of my overall research. Great video @markdeheide

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2 votes

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markdeheide (67) · 7 years ago

thanks @hiroyamagishi I'm looking forward to seeing you on the next post :) I'm trying to do 4 in the week and 1 in the weekend :)

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slimanepro (64) · 7 years ago

Good tips ..
The best way for your money to have a specific percentage of spending and saving and investment
Great post from you
Thanks for sharing

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2 votes

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markdeheide (67) · 7 years ago

Thanks @slimanepro!

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1 vote

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somethingsubtle (56) · 7 years ago

And where does one find 6-12% annual returns, especially with a reasonable risk profile?

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markdeheide (67) · 7 years ago

Well we're going into details later. Yet if you leverage your mortgages properly you can invest in real estate with a 6% to 12% return annually with a really small risk, as long as you know what you're doing ;)

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alfren (56) · 7 years ago

Its very easy to say but you need a great perserverance on it. Getting financial freedom is very hard to achieve unless the subject has its dedication about it.

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markdeheide (67) · 7 years ago

@alfren, well I'm hoping to teach the perseverance bit as well in this series :)

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hoannguyen (33) · 7 years ago

tôi se theo dõi các bài viết khác của bạn

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1 vote

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arcange (73) · 7 years ago

WARNING - The message you received from @sushilb00 is a CONFIRMED SCAM!
DO NOT FOLLOW any instruction and DO NOT CLICK on any link in the comment!

For more information, read this post:
https://steemit.com/steemit/@arcange/phishing-site-reported-postupper-dot-ml

If you find my work to protect you and the community valuable, please consider to upvote this warning or to vote for my witness.

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1 vote

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markdeheide (67) · 7 years ago

Thanks @arcange! So should I flag it as spam? I don't really know what to do with messages like that.

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1 vote

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kalif (57) · 7 years ago

you should only flag a post if you think you have enough Steem power ( influence on the platform )
because if you don't it will be useless but you can go to Steemcleaners and report it there so you dont start a war ( and because you flagged him they will try to flag you too etc )

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2 votes

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markdeheide (67) · 7 years ago

Ah okay thank you @kalif for claryfing! :)

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peacarey (29) · 7 years ago

Innovative

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markdeheide (67) · 7 years ago

thanks!

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1 vote

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peacarey (29) · 7 years ago

Innovative

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markdeheide (67) · 7 years ago

Thanks! :)

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sasharay (34) · 7 years ago

Upvote and I so, so agree with you :)

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markdeheide (67) · 7 years ago

Thanks @sasharay so happy to see you here every day! :)

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sasharay (34) · 7 years ago

@markdeheide Thank you :) You too. I love your content.

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nzfxtrader (52) · 7 years ago

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markdeheide (67) · 7 years ago

Thanks yet I don't really agree with all steps it's good place to start! :)

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shaidon (65) · 7 years ago

Could you elaborate which points you would disagree with here?

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markdeheide (67) · 7 years ago

Yes :) So first of all, just to make this clear, I think if you give a list that is listed as limitative you should make sure no steps can be added, and none can be removed.

Therefore this list is either too long or too short.

Keep in mind I'm being pretty critical here, so take my comment here with a grain of salt.

Comment per item:

This assumes you have debt, but some people don't so it's weird step
Okay you can identify that, that is fine.
This is vague, what is enough, how do you determine? See this is where the list would need to be longer.
Okay so now we are back to spending again, weird order, this should be before 3.
Cutting back, shouldn't that be included in the previous one?
Again, what if I have no debt?
How big a buffer, and why?
What is the difference between a buffer and emergency savings, how much, and why would I need both?
Totally agree, but what am I investing? My buffer, my savings?
That would be a good idea :)

If you follow my weekly videos you will learn much more about why some of these steps are counterproductive, not necessary, and that something is missing :)

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boomerang (56) · 7 years ago

This post has received a 21.33 % upvote from @boomerang.

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sctt2749 (32) · 7 years ago

Siempre soñé en tener un hijo como tu. Adelante busca tu futuro

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markdeheide (67) · 7 years ago

@sctt2749 aww thank you muchas gracias!

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berylwills (47) · 7 years ago

Hi guys, this is really important to me. Please check my blog for details.

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sushilb00 (0) · 7 years ago

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Reveal Comment

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a-jimynguyen (53) · 7 years ago

i love money

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markdeheide (67) · 7 years ago

@a-jimynguyen me too! :) It is measurable, and it doesn't have an opinion :) also it allows people to pursue their dreams and help others pursue theirs :)

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murtaza78 (49) · 7 years ago

Lovely post...

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markdeheide (67) · 7 years ago

thanks @murtaza78 hope you will come back next Sunday for the first technical post :) or any other day for my regular posts :)

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hoannguyen (33) · 7 years ago

Để đạt được tự do tài chính là rất khó, cần phải có kiến thức và nhiều nỗ lực

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markdeheide (67) · 7 years ago

Not really, it isn't hard, everyone can learn it. It is only hard to have the discipline ;)

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aspariahmarzuki (41) · 7 years ago

Nice post. Good night

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markdeheide (67) · 7 years ago

thanks @aspariahmarzuki :)

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1 vote

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micscrypt (44) · 7 years ago (edited)

Interesting topic @markdeheide, I'm keen to learn more from you even though I've dabbled on that path, buying and selling a real estate property (it's something I've always wanted to do) I feel there's a lot I still need to learn about money.

Looking forward to episode 2, please keep the info digestible, great work bro.

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markdeheide (67) · 7 years ago

Hey @micscrypt well we're also gonna talk real-estate eventually because I love that topic :) I will try to keep the videos under 10 minutes :)

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micscrypt (44) · 7 years ago

Awesome, looking forward to the coming episodes.

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peacarey (29) · 7 years ago

Innovative

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markdeheide (67) · 7 years ago

thanks!

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1 vote

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mahfuz42 (18) · 7 years ago

Do you need this post?
https://steemit.com/news/@mahfuz42/do-you-want-to-change-your-dollar-or-btc-etc-money

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sirtamuno (28) · 7 years ago

thank you very much
will be anticipating your video on Sunday!

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markdeheide (67) · 7 years ago

Thanks @sirtamuno :) Hope to see you there!

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nezmerized (46) · 7 years ago

Good info! I'll be following this series for sure!

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markdeheide (67) · 7 years ago

thanks @nezmerized great to have you aboard :)

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infamusfiend (37) · 7 years ago

"Compounding is the 7th wonder of the world" -Supposedly Einstein, not sure if that was really from him but its smart none the less. It is amazing what you can achieve by not touching your money.

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markdeheide (67) · 7 years ago

Yeah and now that interest on savings accounts are so low we have to find new ways to get our percentages, yet if we can, boom compounding is back in business!

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ghazala (36) · 7 years ago

It's good😊

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thundercurator (56) · 7 years ago

We apologize for the delay, we’ve been managing and speaking about Steem at the Steem Creators Conference in Las Vegas, NV all weekend. Expect to be within the the 24-48 hour upvote window in the next 48 hours.

As a friendly reminder, the upvote fee is $0.08 SBD ($0.081 for incognito). Current 300%+ upvote is now $0.24+ SBD.

That being said…