This Financial Freedom Formula CHANGES everything | Morris Invest

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When it comes to creating wealth and achieving financial freedom, investing in real estate is one of the most powerful strategies. But if you’re a beginner, it can be hard to know where to start.

Here’s the truth: there’s not one way to build wealth, there’s only YOUR way. This is empowering because it allows you to use your strengths, your resources, and your unique goals to map out a plan. You don’t have to follow someone else’s model, buy a step-by-step program, or do things a certain way to succeed. All you have to do is create your individualized path toward financial freedom.

And creating that plan starts with one thing: setting a goal. This is exactly what I did on my own journey toward financial freedom. I mapped out on a white board the exact amount of income I would need to be financially free.

This is the formula you’ll learn if you download my popular PDF, the Freedom Cheat Sheet. I encourage you to download it, for free, at https://morrisinvest.com/freedom . Inside the cheat sheet, you’ll learn to comb through your bank statements, calculate your monthly expenses, and determine exactly how much passive income you would need to generate with rental properties in order to create financial freedom.

First, you’re going to calculate your monthly budget. Doing this lays the foundation for understanding how much money you need every month to cover your lifestyle.

The next step involves padding your budget a little bit… The purpose here is to make sure you have enough funds to cover unexpected expenses, or use money in ways that you value like donating to charities, taking vacations, etc. And once you know your budget and the number you need to pad it with, you’re going to add those two numbers together in order to get your Freedom Number.

I know it sounds simplistic, but this straightforward formula is extremely powerful. There are two main reasons why:

There is power in setting an intention, especially in the form of a specific and measurable goal. We encourage you to keep this number front of mind – whether that means keeping it on your refrigerator, in your journal, or elsewhere. Keeping your specific Freedom Number at front of mind will consistently remind you of your goals.

Setting a goal that is based on your real finances is realistic. If you set an arbitrary goal like “make a million dollars” might be fun to daydream about… but it’s not actually motivating for most people because it’s not easily attainable. But when you set a goal that is centered around your actual lifestyle, it’s much more motivating than throwing out a random number. It’s your personal roadmap, tailored for you.

At Morris Invest, we have every single one of our clients go through this process of calculating their Freedom Number. I know it can change your life, because I’ve watched it change mine, as well as so many of our clients’.

Once you have your Freedom Number locked in, you can start planning out your unique path toward your goal. In the cheat sheet, we offer up a couple different steps you can take, but how you decide to forge that path is entirely up to you.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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