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Money Mastermind Monthly Meet — July — Your Journey to Financial Freedom

If you have a strong desire to create positive impact in our world, I’m speaking to you. Money is not evil, selfish or undeserved. Money is not freedom, happiness or security.

Money is neutral, it’s WE who impose our own meaning on it. Its what we do WITH money that can be HUGELY powerful.

So imagine freeing yourself from focusing the majority of your precious waking hours on earning enough money to pay your bills, and instead dedicating that time to a cause much greater than survival. Imagine money fuelling you to create a positive impact in our world. Imagine you providing that fuel for other people to create a positive impact.

Imagine.

This is why I am working towards my financial freedom. Why are you?

Below I will cover 1) the next monthly meet 2) a summary of our July Monthly Meet 3) tasks for you to do 4) how to connect with Jonathan and the online Financial Freedom Mastermind.

1) August Money Mastermind Monthly Meet:

I’m in the process of finding us a speaker at the moment for the next Monthly Meet, however your suggestions and recommendations are welcomed. I’d love to hear from anyone who speaks on:

  • How to be effective with your time (productivity)
  • Thinking like a millionaire, and how that informs the decisions you make today (mindset)
  • Becoming smart about your money activities every day (practical)

Any other suggestions, please drop me a line.

2) The July Monthly Meet

This month, I introduced a partner and friend of the Money Mastermind, Jonathan Godney, founder of the online Financial Freedom Mastermind.

We attempted to cover A LOT during the evening, here’s a quick summary:

​Basic Principles behind becoming financially free.

  • Taking into account your current time commitments, how much do you realistically have left over, and how much of that could you spend on working towards your financial freedom?
  • Earning sooner helps you to learn how to earn money, highlights where the essential gaps in your knowledge are, and focuses you on doing what is necessary to get you making money.

Once you have income left over after

  • Paying your bills
  • Investing back into your self employment/business

Then you can start employing your money to work for you. Whether that’s

  • Hiring someone else to do the things that just aren’t essential for YOU to do
  • Investing in assets/business that can create a passive income

There are 4 income types: Which ones are you making?

  • Job income: your salary from being employed.
  • Self-employment income: money generated from the business you have created and are working in.
  • Passive income: Income from investments in, for example, stocks & shares, property and oil & gas.
  • Business income: Income from investing in other’s businesses, without working in them.

The journey to Financial Freedom

  • It’s important to understand where we currently our in our journey to financial freedom.
  • We are often so busy working IN our job, IN our business and IN our own lives that we’re not taking the time to work ON our job, business and lives.
  • A birds eye view can help us to make sure that what we’re doing NOW is serving our plan, effectively.

The importance of shortening your journey to Financial Freedom.

  • When our journey takes decades, the parameters can drastically shift due to life events.
  • If you could achieve your first financial freedom goal in 1 year or 10 years, which would you choose?

Where to go next.

There are many actions you could consider taking, depending at where you are in your journey. Here’s some suggestions

  • Recognise your realistic health and time constraints for achieving your next goal.
  • Take stock of where you are right now, where you want to be, and what small action you can take today to get there.
  • Look critically at the money you’re creating, and ask yourself if it’s currently sitting lazy in an account, or if there’s some way you can start employing it to work for you.
  • Ask yourself, how can I generate new money?
  • How can I implement systems to make sure I follow through on what I want to do, such as using Masterminds and building a team?

We then broke off into small groups to Mastermind our successes, seek answers to our main personal financial challenge and make our commitment for the month ahead.

3) Tasks for you

Take a moment to ponder these questions:

  • What does financial freedom mean to me? Is it the freedom to use my time for more than just making money to pay the bills? The freedom to spend without worry?
  • If there are 4 types of income, which types am I currently making right now?
  • Of the suggestions above on what I can do next, which one can I do today?

4) Connecting with Jonathan and the online Financial Freedom Mastermind
If you’d like to find out more about the online Financial Freedom Mastermind, then visit https://bitly.com/onlineffm. We’ve lined up the meetings so that they are complementary to the Money Mastermind Monthly Meet on the first Tuesday, so you can combine the both.

If you’d like to schedule a 15 minute call with Jonathan to gain some clarity on where you are right now in your journey to financial freedom, then visit https://app.acuityscheduling.com/schedule.php?owner=11698159&

See you soon!