Reset your Freedom Path

A simple formula that will change your life.

Author

Georgios Tragkas
May 27, 2024

You can work hard and make good money, but this alone will never make you truly free.

  • Free to make your own choices

  • Free to wake up whenever you want

  • Free to spend time with whomever you want

  • Free to enjoy life

If you want to move closer to that freedom, I have a formula for you.

The Freedom Formula:

  1. What is your ideal monthly lifestyle?

  2. How much does it cost?

  3. Generate this amount in passive income.

  4. You are FREE.

Example:

1. What is your ideal monthly lifestyle?

Let’s say your ideal lifestyle includes the following expenses:

  • Rent for a nice apartment: $1,400

  • Utilities (electricity, water, internet, etc.): $200

  • Groceries: $300

  • Dining out and entertainment: $200

  • Transportation (car payment, gas, insurance): $300

  • Health insurance: $100

  • Miscellaneous (clothing, hobbies, etc.): $200

  • Savings/Investments: $200

2. How much does it cost?

From the above, the total monthly cost for your ideal lifestyle is $2,900.

3. Generate this amount in passive income.

To achieve this monthly income, consider the following potential income sources:

  • Rental Property:

    • Initial effort: Purchase and prepare the property.

    • Monthly income: $1,500 from rental payments.

  • Online Business (e.g., an e-book or an online course):

    • Initial effort: Create the e-book or course.

    • Monthly income: $600 from sales.

  • Peer-to-Peer Lending:

    • Initial effort: Invest in a peer-to-peer lending platform.

    • Monthly income: $300 from interest payments.

  • Royalties from Creative Works (music, art, etc.):

    • Initial effort: Create and market your work.

    • Monthly income: $500 from royalties.

Total monthly passive income: $2,900

4. You are FREE.

It’s not easy to get there, but with focused energy, time, and money, you will achieve it.

Productivity Snippet:

  • Shower in the morning.

  • Get some movement in before starting work, like a walk or a short bike ride.

  • Eat the frog first. Tackle the most challenging task first thing in the morning.

  • Hydrate and get daylight in the morning.

Did you find it useful?

Consider sending this to someone who might benefit from its message.

Until next time,

Georgios Tragkas