RE: 5 steps for your financial freedom
Great article once again @famunger!
I'm not sure how this is possible but similarities with my interest seem to overlap a lot, almost in a scary way :-P
Rich Dad Poor Dad was actually the first book that really opened my eyes about passive income streams. I really liked the biographical part combined with mindset changing stuff in there. Robert also has some great quotes like “Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.". Or the “The love of money is the root of all evil." vs. "The lack of money is the root of all evil.” His Cashflow Quadrant book is also interesting, but less good and a bit repetitive when you've already read RDPD.
I like your 5-step process btw, easy and very true. I would suggest to take another look at step 4 though. All 5 are a 'do' thing, except for number 4 (make sure you know your wealth, your costs, set goals, diversify). Is step 4 building capital or learning/familiarising with all options to build capital through just doing it? So is it more about learning about what all options are to gain capital and pick which ones are for you? Maybe it is just a title of step 4 thing, since the description could remain the same :-)
Anyways, just my 2 cents...
Definitely good stuff though!