What is the turbo advice that leads you to financial freedom?
You will probably hate me for that.
We will have a look at a very special tip today.
I welcome you today from Cusco in Peru, by the way, the city which is world-famous thanks to the Macchu Picchu.
One of the highlights in South America.
At the end of the video, we'll have a look at some beautiful images, so you can look forward
to that already.
Our tip today is very efficient but not easy to implement emotionally.
You probably will not like it.
But it is relatively easy by just saving 50% of your income.
Why is that so powerful?
Simply, because we save in proportion to our income and if we, ourselves,
signal excess, if we don't spend everything what we are able to spend but
save a lot of money, then we will obviously reach our goal of financial freedom
much faster.
As an example: You have the goal to have a passive income of 2000 €. If you save
200 € per month, that's already a great thing. It is much more
than most people save, but assuming that you could
save even much more money, for example half of it, then you would save 1000 €.
Assuming that's possible, just allow this thought for a moment, then you will reach financial freedom
five times faster, just because you saved five times as much money
and you get used to not spending so much, meaning you have relatively small
expenses. Saving relatively much also means that you can reach financial freedom very quickly and very soon.
I recently saw an interview with a firefighter in the US and
these people do not earn a lot of money.
And he implemented this with his family and said it wasn't always easy,
it was often tough but they made it work.
He has always had the simplest and most modest car etc. and today he is thankful for that.
Because they have their own dream life and they were willing to pay the price for it
and that's what you have to be willing to do too.
I am not saying that it's always easy, but you know what, let's have a look at another example.
As you know I live in Buenos Aires in Argentina, there the cost of living is more or less
comparable with Germany but on average, most people earn half
of what people in Germany earn and make ends meet.
It is possible. It is not easy, but it is possible.
We just often haven't allowed it and it is pleasant to spend the money we earn again
but it is actually not obligatory
in many cases.
So this is important to reflect.
Save as much as you can and what is possible and you will get it and
achieve success much sooner. You will have realized your own dream life completely independently.
You do not depend on banks, insurance companies, on politics, an employer or
other people and this is something wonderful.
Alright, now let's see some pretty impressions from Cusco.
I'm happy you've joined today and spend a couple of minutes of your time to live
your financial freedom. Please feel free to share and like the video and
enter your email address and click on the link if you
do not want to miss any of our Friday editions of
Fascination Freedom.
I look forward to seeing you next week.
I will come up with an interesting subject and a great location again.
See you next week. Yours, Thorsten Wittmann!
If you want to enjoy financial security, you should make use of the opportunities Thorsten Wittmann shows.
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