Absolute Financial Freedom

Before discussing how everyone can become rich, we must agree in advance about the definition of rich. Rich is relative. Some people feel rich when it has ten million dollars. Some people do not feel rich already have money even ten billion dollars. According to Forbes magazine rich people are those who have income of at least 1 million American dollars a year.

Robert T. Kiyosaki has another opinion. He quotes from Buckminster Fuller and his teacher says that the rich are not measured by how much active income. People called rich if its passive income is greater than the cost of living. The definition of passive income here is the money coming without having to work.

As an illustration exemplified Mike Tyson. He earns U.S. $ 300 million while boxing, but in 2004 he was declared bankrupt and still have a debt of U.S. $ 35 million. Therefore, Mike Tyson is not classified as rich. Included also in the category of people who are not rich are people who have an income of U.S. $ 1 million a year but the expenditure of U.S. $ 1.2 million a year.

Anthony Robbins has another opinion. For him there are 6 steps people can be called rich:

1) Financial Protection

a financial situation where we have enough money to meet the minimum monthly expenses for 2 months to 24 months without working

2) Financial Security

a financial situation where we have invested a lot of relatively safe, and results can meet these needs without having to work again, unless we choose to work. Requirements are:

1. Installment home
2. The cost of meals
3. Electricity, gas and water
4. Transportation
5. Insurance
6. Taxes (eg property tax)

3) Financial Vitality
a financial condition where we achieved quite a lot of investment is relatively safe, and the results are not only able to make ends meet on the level of Financial Security, but also can meet the following requirements without having to work, unless we choose to work.

Requirements are:

1. child education
2. amusement or entertainment needs (at least 50% of which we enjoy today)
3. buying new clothes or one of two luxury goods that make sense.

4) Financial Independence

a financial condition where we achieved quite a lot of investment is relatively safe, and the results are sufficient for us to live exactly the lifestyle that now, without having to work again for the rest of our lives. In other words we are free not to work.

5) Financial Freedom
is a financial condition where we achieved quite a lot of investment is relatively safe, and the results are sufficient for us to live the lifestyle we want

6) Absolute Financial Freedom
a financial condition where we achieved quite a lot of investment is relatively safe, and therefore we are confident that we can make real whatever we want, wherever we want, with whomever we want, as much and as long as we want.