In my experience, most people have to work until their state retirement age before becoming financially free.  That’s an awfully long time to wait for financial independence.  Wouldn’t you rather be in this position when you are a lot younger?  Why of course you would!  So the question is how do you do it?


Interestingly, the clue is in the title of this blog.  If you work for a living, you give your time for money, you are likely to have to work until state retirement age.  That’s because the average salary in the UK at the time of writing is only about £26,000 a year.  Once you take into account the cost of living, buying a house, contributing to a pension, bringing up children, etc, it’s difficult for the average person to become financially free early in life but believe you me it is definitely achievable.






A couple of books I read some years ago which greatly influenced me were The 4 Hour Work Week by Tim Ferriss and Rich Dad Poor Dad by Robert Kyosaki  These are absolute must read books for anyone serious about becoming financially free way before state retirement age.


What these books taught me was the difference between earned income and passive income.


Earned income is when you work for money.  In other words, you exchange your time for money.


Passive income is when money works for you.  So you earn money while you are asleep.


The other thing I learned was that once your passive income exceeds your living costs you are financially free.


Robert Kyosaki created a game called Cashflow Manager which teaches you these three principles.  It’s what I would describe as Monopoly plus.  That’s because you don’t invest only in properties.  You invest in businesses, properties and shares.  You also learn how to budget properly.


There is even a version of Cashflow Manager for children would you believe?  I highly recommend this game to both adults and children.  I would go as far as to say that the game should be taught to all school children.  It’s a brilliant and fun way to learn how to  become financially free.





Tim Ferriss  mastered the art of hardly working at all.  Instead, he took mini retirements for 10 months a year which involved moving to a different foreign country each year and spending most of his time doing what he loved, martial arts and Latin American dancing.  He had a business which sold nutritional supplements which he advertised online.  He completely outsourced every aspect of it so that he didn’t have to work in it.  He only checked his emails once a fortnight.  


Tim realised that the most precious resource we all own is our time.  It is the one thing we will all run out of one day, so why waste it?  What’s more, you cannot take your wealth with you when you pass away so why spend all of your life trying to build a large pot of money?  That man really understands the important things in life.  He has perspective by the bucket load.

Admittedly he has changed his approach to life since he wrote the book but it was a classic of the day.


So there you have it.







If you want to become financially free early then you have to create multiple sources of income, preferably passive income, and if you run a business make sure you delegate as much of the running of it as possible so that you free up your most precious resource – your time.


So what are you waiting for?  Get out there and start creating those multiple sources of income.  You know it makes sense.*


*The contents of this blog are for information purposes only and do not constitute individual advice. You should always seek professional advice from a specialist. This blog is based on my own observations and opinions.