A Key Concept For Growth Planning
The Freedom of Choice moment looks different on everyone. Your Freedom of Choice moment happens when your ideal life is still fully funded by your business(es) and/or investment(s).
To zoom in on your freedom of choice moment you must first ask yourself these questions –
- Ideally (and we stress ideally) by what age do I want to have the freedom to choose?
- Ideally, what amount of net income do I need to earn in order to live the lifestyle I want to live?
Once you establish your ideal numbers to answer these questions, you can ask yourself:
- What needs to happen between today and that age, between today and that income level, to realize my freedom of choice goal?
You can start by thinking both short-range (the next 2-3 years) and long-range (the next 10-15 years).
Give yourself the opportunity to focus short range, while thinking long-range.
Related: Watch Coach Bill Middleton of Middleton Elite Coaching in this short video about building your team on your way to Freedom of Choice CLICK HERE
There is an action plan for reaching your Freedom of Choice moment:
– Make Money and Invest It :
Earn more money than you currently need to maintain your lifestyle, then invest the excess in a way that it is earning money. This is money that you can use for your Freedom of Choice moment.
– Build a Team, Or a Team Within A Team
Whether you build a partnership, a business, or just ask for help in your life, building a team means doing whatever it takes to NOT have to do it by yourself.
Related: Watch this short video by MEC Coach Bill Middleton, helping you to figure out how you can leverage some of the time you spend doing the work you do yourself. WHEN TO MAKE YOUR NEXT HIRE?
– Build Layers of Insulation
The more people you have surrounding you means the more talent that is in your circle. A large talented circle = you never have to do that job yourself again
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We cover the Freedom of Choice moment and other concepts for planning for the growth of your business in our 1-on-1 and group coaching. Click Here For More Information
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