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Steps to Achieve Financial Freedom – Episode 9 – 11 Steps to Create Financial Freedom – Part 1

Do you struggle to be more disciplined in your finances? Do you desire to live a life of freedom an prosperity? What would your life look like if your finances were no longer a factor when making decisions? In this series, business coach Clay Clark and real estate guru Braxton Fears team up to teach you the proven steps they, and others, have used to achieve a life of financial freedom. Braxton and Clay have both achieved financial freedom (before they were 35) and they are committed to teaching you what they learned so that you can stop surviving, and start thriving.

One of the key principles that is explained in this video is the importance of buying assets instead of liabilities. Clay and Braxton break down the differences between these categories and show you the benefits of investing in things that provide long term benefit and sustain their value better than things that quickly depreciate. The main difference between an asset and liability is that the assets are things that have the potential of making you money, and a liability is something that will cost more money over time. For example, a car or a vehicle is a liability for most people, rather than an asset. Why is this is case, you may ask? This is because a car will decrease in value quickly over time, and will not generally retain the value of the original price that the vehicle was purchased at. In addition to this, Braxton and Clay also talk about what a powerful tool an amortization table can be in calculating whether or not something is a liability or an asset.

If you would like to gain more discipline in your finances in business, then a Thrive15 business coach can help you today. Visit thrivetimeshow.com to set up your first free session with a business coach.

Braxton Fears9:53 amPublished: Braxton Fears

More videos in this series

    Steps to Achieve Financial Freedom – Episode 9 – 11 Steps to Create Financial Freedom – Part 1

    Do you struggle to be more disciplined in your finances? Do you desire to live a life of freedom an prosperity? What would your life look like if your finances were no longer a factor when making decisions? In this series, business coach Clay Clark and real estate guru Braxton Fears team up to teach you the proven steps they, and others, have used to achieve a life of financial freedom. Braxton and Clay have both achieved financial freedom (before they were 35) and they are committed to teaching you what they learned so that you can stop surviving, and start thriving.

    One of the key principles that is explained in this video is the importance of buying assets instead of liabilities. Clay and Braxton break down the differences between these categories and show you the benefits of investing in things that provide long term benefit and sustain their value better than things that quickly depreciate. The main difference between an asset and liability is that the assets are things that have the potential of making you money, and a liability is something that will cost more money over time. For example, a car or a vehicle is a liability for most people, rather than an asset. Why is this is case, you may ask? This is because a car will decrease in value quickly over time, and will not generally retain the value of the original price that the vehicle was purchased at. In addition to this, Braxton and Clay also talk about what a powerful tool an amortization table can be in calculating whether or not something is a liability or an asset.

    If you would like to gain more discipline in your finances in business, then a Thrive15 business coach can help you today. Visit thrivetimeshow.com to set up your first free session with a business coach.

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