Financial Freedom UK | How to be Financially Free in 2019

I just wanted to share a few things about financial freedom and how anyone can become financially free here in the UK so I mean it's a real sometimes people think financially free means being really really rich actually that's not the case at all financially free simply means when you have enough money that's coming in each and every month regardless of whether you work or not to cover your lifestyle which means that you don't have to work it means you can do what you want when you want with who you want right now I'm just at the park with my family and my daughter and I'm not working but while I'm doing this I'm still getting paid so how does that work then well there's a lot of different ways to create passive income passive income is when you work once or you do something wants and you get paid forever active income is where you work once and you get paid once and we're programmed as children to work for passive income we're programmed as children to exchange our time for money if you said to your parents when you're younger oh I want this new thing or I want the new Playstation that they'll say go and get a job let's say go and get some passive income so there's a lot of different ways you can get passive income you can do it through business automated business you can do it through franchises subscriptions vending machines affiliate marketing network marketing there's a whole bunch of ways that you can get passive ongoing residual income which means that you're getting paid when you sleep but I think the best way is property and I mean if you look at the rich list everybody who's super rich all invest in property and there's a reason why they do that because rich people are smart and rich people know that the best way to make money is to do it when you sleep and the best format of doing that is to do it through property here in the UK it's an absolutely fantastic place to invest in property because we're a small island on overpopulation of people and we've got a limited space Greenbelt we've got a shortage of houses so despite what's going on with brexit and the tax changes and some of the people are you know a bit scared at the moment property is still the best way to create financial freedom so I want to give you a definition of what financial freedom is a formula for those of you that like formulas and like things to be very neat and tidy and that is this passive when your passive income is equal to or greater than your living expenses so if it costs you three thousand pounds a month to live then you need three thousand pounds a month in passive income to be financially free and there and the fastest way to do that is to simplify your expenditures as low as they can go and then get that figure set it in your brain and set out to earn that in passive income and you can do that through property you don't even have to own the property you can control the property you can use you can use contracts like rent to rents where you rent a property but then you sub rent it out as serviced accommodation or an HMO so there's you can do lease option agreement where you buy a property now but you pay for it later and I believe that anybody can achieve financial freedom and the best and fastest way to do that is property I'd love to know what you think I'd love to know your thoughts so comment below if you've got any experience in property .

As found on Youtube