In the modern world, the issue of financial independence worries almost every person. After all, many people’s lives are focused on work. And it is work that brings financial resources and material benefits. Everything seems good, but I want more! I would like not to wake up at six in the morning, not to go to the office in a stuffy subway, not to listen to the reproaches of my boss. And in the work team itself, there is also a far from friendly atmosphere. I would like to avoid all these problems. I want independence! And independence lies in only one thing. In financial prosperity! So what do you need to do to become financially independent?

Study and education as the basis for financial independence

Oddly enough, the first step on the path to financial independence is study and education. Yes, the same school and institute. This is where you acquire the knowledge and experience that will later help you realize yourself not only as a good employee, but also as a prudent leader of your own enterprise. In addition, at this stage, friendly connections are formed, which can later develop into business cooperation and partnership. After all, there is no better partner than a bosom friend. Of course, friendship must be real, then the partnership will be transparent.

Self-development

In parallel with the program of the educational institution, it is necessary to receive as much information as possible about the industries that interest you. Always try to be interested in topics that you can put into practice and benefit from it. If we take it globally, then a passion for economics is much more preferable than a passion for history.

Choosing a direction

Many people, even up to a certain age, cannot decide on a profession. Such individuals can change departments three times and still be dissatisfied with their work after receiving their diploma. And even if you are unlucky with your profession, to ensure financial independence you need to choose the right direction. Since the ultimate goal of our activities is finance, this means that the direction of development should be related to business and economics.

Let's not waste time and get to work

Many graduates of educational institutions are wiping their pants at home in anticipation of a well-paid job. This is not recommended, as it is better to gain experience and save money. Paradoxically, financial independence is based on hard work in the early stages of your career.

We limit expenses

If the ultimate goal is complete financial independence, then you should limit your expenses as much as possible. Everyone will determine for themselves those things that they can refuse. After all, it is absolutely not necessary to go to a bar with colleagues after a working day, or to change several smartphones in a year. It is important not to become part of a consumer society.

Saving money

Experienced economists argue that a value of 10% of total income is appropriate. But taking into account the previous point of our plan, we can afford to significantly increase this value. And this fact will have a great impact on our financial well-being in the long term. Even if there is no specific goal for which the money is being saved. Let these funds remain as a financial safety net for now. But when a concrete plan matures regarding what you can do in order to increase your financial resources, the money will already be available.

Investments and business

Everyone knows the proverb that money should make money. And this statement is more than fair. But how to make money work? This is a very difficult question. There is a huge variety of answers to this, so not one of them may be one hundred percent suitable for you. Everyone finds themselves in some kind of their own business. And the sooner you decide on a niche in which you can increase money, the sooner you will gain financial independence. The most common way to increase money is a bank deposit. Even if it only covers inflation, the money is saved and brings a small profit. This is much better than if they just lay under the pillow.

You can't put all your eggs in one basket

This is her one term from economics. This rule indicates that you must have several areas of activity. Consequently, all funds are also located in different sectors. Thus, you are always insured against complete collapse. Even if one of your businesses turns out to be unprofitable, other businesses will smooth out the overall picture. In addition, in this way you can test different niches and choose the most suitable direction for yourself.

Passive income

All people striving for financial independence come to the idea that income should be passive. It is this form of income that is the quintessence of the concept of independence. After all, your income will be ensured regardless of your participation.

Enjoying the results

This is exactly what we should strive for. In the case of a business, it is necessary to assemble a reliable team and select a deputy to whom you can transfer affairs without fear. And enjoy the fruits of your previous work.

Thus, we can conclude that financial independence is far from an easy goal. But quite achievable. And you need to start with the little things, gradually moving on to more and more significant components of your success.

(estimates: 3 , average: 4,00 out of 5)

Title: The Path to Financial Freedom
Author: Bodo Schäfer
Year: 2006
Genre: Foreign business literature, Personal effectiveness, Personal finance, Advice from a guru

About the book “The Path to Financial Freedom” by Bodo Schaefer

The book “The Path to Financial Freedom” by Bodo Schaefer is a practical guide that offers us optimal, and most importantly, effective solutions for changing our financial and status position in society. It will help you determine your personal status of success, develop the right worldview, and realize your dreams in practice.

Bodo Schaefer is one of those who has a wealth of experience, manages several companies, and has achieved success in various fields of activity. He is respected by many wealthy people. He is widely known throughout the business world as an honored guest of various lectures and seminars on developing his own business, personal growth, time management and rational financial management. A billionaire, an effective businessman, a sought-after financial consultant, a talented writer, the number one mentor in Europe - this is Bodo Schaefer today. But he was once an ordinary boy from a poor family. If he managed to achieve such results in a fairly short period of time, why shouldn’t it work for you?

“The Path to Financial Freedom” is a kind of instruction with a clear and detailed presentation of the essence, almost point by point. This is not a fantastic story with sky-high ideas, but a short business plan with analytics and advice. It is very simple, but requires work on yourself. The author does not insist or load you with a lot of clever terms and phrases, or confuse you with all sorts of theories and complex formulas. He speaks in a clear language and uses simple argumentation, as if once again emphasizing that he is the same as you.

Three hundred pages of Bodo Schaefer’s book “The Path to Financial Freedom” is your first investment in your prosperous future. She will give reasonable explanations to many of your speculations. It will connect the spiritual and material world together. Will be able to point out the true reasons for financial failures. It will help you find those hidden reasons that interfered with your implementation. And most importantly, you will now be able to correct yourself, because with this book you will begin to know and understand yourself much better.

Success, luck, business, wealth - these are now not just words for you that reflect someone’s life or your unfulfilled dreams. They will now become your companions and allies. By reading, analyzing, and using “The Path to Financial Freedom” in practice, you will form a new and successful personality in yourself, completely free from financial shackles.

Bodo Schaefer
The path to financial independence
First million in seven years

About the author: Bodo Schäfer, a millionaire, writer and businessman, could already live on the interest on his capital at the age of thirty. For many years he has, among other things, been conducting financial seminars in Germany and Holland. Currently lives and works in Cologne.

Are you worried about money? Or do your funds allow you to fulfill all your wishes?

This book shows you the path to prosperity, financial independence and security. A path that everyone can follow. Bodo Schaefer reveals the best-kept secrets of achieving wealth and introduces amazingly simple yet immediately effective money management techniques.
How to reach your first million in seven years
11 unexpected methods that allow you to immediately increase your income
How you can live on interest on capital in a surprisingly short time
How to get at least 12 percent per annum
How to get rid of debt quickly and start building wealth at the same time

- "...Among the many books that are devoted to the best way to achieve wealth and wealth, this book stands out"
("Di Welt")

- "Money mentor Bodo Schäfer shows entrepreneurs and employees how to become truly rich. He excites the reader and imparts transformative knowledge" (Süddeutsche Zeitung)

- "Bodo Schäfer reveals the best-kept secrets of achieving wealth and offers simple, immediate money management techniques" (Welt am Sonntag)

- “Competently, with humor... (and) with a lot of specific advice, he takes the reader by the hand and accompanies him on the path to the first million” (“Focus”)

From the editor of the Russian edition

The book you are holding in your hands is a revelation. Revelation from Bodo Schaefer, a German millionaire who came to lasting wealth in the shortest way - through savings and extraordinary thinking. Let us clarify: he started, as they say, from scratch.

“The Path to Financial Independence” is not just a summation of experience, practical advice, etc. etc., thanks to which you can achieve well-being.

A person cannot be happy alone. Only by making others happy will he be happy himself. Bodre Schaefer argues that money in good hands makes not only its owner happy, but also society as a whole. This is perhaps the main idea of ​​the book.

The conceptual way of thinking used by the author to consider rather complex and dry economic categories gives us reason to believe that this book is directly related to the philosophy of economics. For all that, “The Path to Financial Independence” is written in accessible language, with humor and not without brilliance. All this makes this book a fascinating bestseller in the field of economic knowledge.

We can only add that the book by Bodo Schaefer, a writer and businessman, is aimed at the general reader, so that by reconsidering his attitude towards money, he, this reader, can build his own happy future, without postponing the implementation of intentions and plans for an uncertain tomorrow.

You should start today - immediately after you open the first page.

And one more thing: for the reader who has completed this work and has not begun the path to financial independence, there will be nothing left that would justify his inactivity.

Gratitude

Outstanding achievements are always the result of remarkable collaboration between different people.

I had the good fortune to learn from people who were truly unique. Unfortunately, I do not have the opportunity to list them here, but my gratitude goes out to everyone together.

However, I would like to name a few by name because they have had the greatest influence on me. This is the priest, Dr. Winfried Noack, Peter Heuvelman, my first mentor, who taught me the basics of success and taught me the joy of trusting relationships, the consummate interlocutor Shamey Dillon, and also the billionaire, Senator Daniel S. Peña, who introduced me to the world of big money.

This book is the result of my contacts with them and the constructive assistance of the editors of the Campus Publishing House: Ms. Querfurt and Mr. Schickerling. It was not easy with them, but we know that this is exactly what is required for personal development.

I would like to express my special gratitude to the participants of my seminars, who gave me a significant positive impulse. I want a person"; to highlight our commercial director, Mr. Jeroen Vetter, with his constant participation and unparalleled skill in making our seminars accessible to an ever-increasing number of people.

Last but not least, I thank my partner Cecile, who has given me the strength to pursue my ventures and supported my dreams.

Thanks to her, I experienced a lot more acutely, deeply and more consciously.

Preface

Everyone has dreams. We have a certain idea of ​​how we want to live and what we are entitled to in life. We believe in our hearts that we can fulfill some special purpose that will improve this world. But too often I see how the daily routine gradually stifles such dreams. Many people forget that they also have a place in the sun. They simply don't believe in themselves and that they can become independent.

We often find ourselves victims of ourselves. We make compromises - and before we realize our mistake, life has largely passed us by. And many people often shift responsibility for the fact that they do not live the way they would like to, to financial circumstances. For more than ten years I have been dealing with issues such as money, success, happiness. I have learned to see money differently: money can save us from running out of vitality, it helps us be the best we can be.

I am at your disposal with my book - in the role of your private mentor. I would like to convey what I have learned and experienced myself. I would like to teach you how to create some kind of magic machine for making money. Owning money means, first of all, being able to lead a much freer and more independent lifestyle. When I realized this, a deep need arose in me to pass on my knowledge to others. I made a promise to myself to support everyone I come into contact with on their journey to financial independence. Just as you can learn to fly, dive, or code, you can learn to create wealth. And several important standard techniques will help with this.

There are several opportunities to earn your first million. These possibilities are described by the four strategies presented in the book:
1.You save a certain percentage of your income.
2. You invest the money you save.
3. You increase your income.
4. You save a certain percentage of each income increase achieved.

If you follow these tips, then, depending on your current financial situation, in fifteen to twenty years you will become the owner of a property worth one or two million. And this is not a miracle at all! If you want to get your first million faster (for example, in seven years), then you must apply all the strategies described in this book. And the more you use them, the sooner you will achieve your goal.

How can you become wealthy in seven years? You already foresee that it is not only about the amount X that you want to own, but also about the person that you will become by that time.

It won't always be easy for you to achieve financial independence. However, it is much harder to live if you are financially dependent. If you follow the instructions in this book, you will confidently achieve your goal. I have helped many thousands of people along this path who have attended my seminars. I see again and again how this knowledge transforms people.

But I ask you not to think that just possessing this book will allow you to become wealthy. It is also true that even studying it does not promise you wealth. You must not only work with this book, but also make it a part of yourself. Only this will lead to the release of your internal energy and help you achieve your goal.

Now let us begin our journey together. First of all, assess your financial situation. On the following pages you will find instructions on how to carry out this analysis. Start reading the book only after you have established exactly what you have.

I sincerely hope that this book will not only help you become rich, but also touch you in the most profound way. I don't know you personally. However, I know that if you are holding this book in your hands, then you must be a very special person. A person who is not ready to be satisfied with what circumstances offer him, who wants to write the story of his life himself.

Such people create their future, just as an artist creates a work of art, and I would like with all my heart that my book will contribute to the creation of your masterpiece.

Sincerely yours, Bodo Schäfer.

After attending Bodo Schaefer's seminar in November 2012, naturally, I decided to re-read his most hit book, “The Path to Financial Independence.”

To be honest, I read it like it was the first time. I discovered so many new things for myself... And I was once again convinced that the books that hooked you need to be read at least 2 times.

The book describes a step-by-step path to your first accumulated million dollars.

1. In short, the book presents the following 4 strategies:
2. You save a certain percentage of your income.
3. You invest the money you save.
4. You increase your income.

You save a certain percentage of each income increase achieved. Below, as usual, I:

I quote some points from the book that hooked me

Just as you can learn to fly, dive, or code, you can learn to create wealth.

No one has ever made real money doing something they don't like.

The rich are among the most contented people in the world, because... their dreams, goals, moral values ​​and strategies are aligned with each other.

Success means that you have become the best you can be. Happiness means that you like yourself the way you have become.

Prosperity arises when we expand our area of ​​control.

The people who have the greatest comfort zone are the ones who are almost constantly outside their comfort zone.

Most people around you are bad teachers .

Our income often develops in proportion to our vocabulary.

We often believe that we do not take the next decisive step out of love for peace or because of a certain contentment with life. In fact, these are just excuses. The reason is that we don't believe in success.

Sensational success, upon closer examination, often turns out to be nothing more than the result of many years of and not at all sensational preparation.

Truly dramatic changes occur at 5 levels: actions, technologies, . View of the world and self-image.

The larger the target, the less you have to adjust it.

Many are focused on 100% return, and because of this they achieve only 80%. If you focus on 110%, then you will achieve 100% relatively easily, because... You will quickly understand that 100% is a rather relative goal.

The cornerstone for wealth creation is .

Success-oriented people do not shy away from control, but embrace it.

You cannot ignore your weaknesses, but you should not fight them, because... it won't make you rich. Therefore, find a way around your shortcomings.

Never accept advice from someone who is not someone you would be willing to become.

Your perspective on yourself and the world creates you.

We can find confirmation of everything, absolutely everything.

You are constantly looking for evidence that supports your faith. You see what you focus on under the influence of your faith. Therefore, your world will be exactly as you imagine it.

The Bible says that wealth is good. All the heroes of the Old Testament were also rich.

Every person who has achieved a significant goal concentrated 9 times out of 10 on the question “why”, and only one time on the question “how”.

As a rule, it is not the size of the debt that is overwhelming, but the many small problems.

Never use 50% of the money you can save to pay debts .

Discipline is the power that gives shape to our potential. Without discipline, any talent will simply be wasted.

If you are proud of the result achieved, it is precisely because you overcame a difficult, problematic situation. There is no problem that does not contain a gift for us.

Everyone can handle success, but not everyone can handle failure.

Debt is never the problem, the problem is how we treat it.

If there is one key secret to success, it is the ability to bring incredible urgency to everyday actions.

Become indispensable because... You are ready to be responsible and replaceable, because... You are willing to delegate your tasks and authority to others.

If you do what everyone else does, you have to find your own clients. But if you establish yourself as a specialist, the client will come to you.

Regularly withdraw from the firm and finance it with borrowed money.

The best ideas come while driving or playing sports, while walking or half asleep.

Until you reach a certain income target, you should concentrate on only one activity.

Demanding money for something done is a matter of self-esteem.

Success is more an attitude than an ability. Work on valuing yourself highly.

Delegate everything that others can do as quickly as you can.

Spend more time selling both and (and products accordingly).

The only thing people who don't save have is debt.

If you can't make do with what you have today, you won't make it if you earn twice as much. After all, percentages do not change.

Getting by with 90% is just as easy (or as difficult) as getting by with 100%.

Even the highest interest rate is useless if you multiply it by zero.

In the first years, invest exclusively in large and well-known funds that have been operating in the market for at least 20 years.

Investing is good, but it is better to invest at the right time.

The important thing is this: don’t be a specialist in detail. Or: don't make unimportant things your main concern.

When creating financial protection, reliability comes first.

Those who give up are remembered as failures, while those who persist and persist are remembered as great individuals.

Others can stop you for a while, but only you yourself can stop forever.

If you don't make mistakes regularly, it's a sign that you're not taking enough risks and not giving it your all.

Every person we meet leads us to new people and opportunities.

You need an environment that reminds you again and again of your good intentions.

You should never allow yourself to be influenced by people less successful than yourself.

While success means you get things you love, happiness means you enjoy the things you get.

The writer who created this masterpiece of modern business literature is always guided by one principle - as a person gains wisdom, his life inevitably improves. Bodo Schaefer's book The Path to Financial Independence once again proves that the author cannot be happy alone, and every day he tries to tell as many people as possible about the basic principles of financial well-being. The author has already achieved significant success in terms of generating passive income. Many people think that it was precisely such books that brought him fame and huge income, but Bodo Schaefer not only writes books - he is a successful businessman and already at the age of 30 he began to live on interest from his investments.

Bodo Schaefer's book The Path to Financial Independence does not contain theoretical guesses or ideal strategies for generating huge profits. She also doesn't talk about quick ways to get rich or how to get rich while sitting on the couch. As the author himself writes, any success is a titanic work that requires discipline and constant improvement. At his seminars, Mr. Schaefer constantly notes that even if a reader learns a book by heart or reads all the author’s publications, but does not apply these rules in life, there will be no increase in happiness in life.

Let's talk about the Book "The Path to Financial Independence"

As the Russian editor of the book notes, at the moment the reader has in his hands a real revelation from a German millionaire who achieved success through diligence, savings and unconventional thinking. As we have already noted, the book is not a summation of ideas or ideal ways to get rich. In fact, Bodo Schaefer The Path to Financial Independence download means acquiring a priceless treasure that will show you the path to unlocking your own inner potential. However, this publication also contains a lot of practical advice, following which many modern businessmen have already received what they dreamed of.

The author applies a special conceptual way of thinking, considering complex and “tedious” economic categories, applying his experience in the field of capital formation. The book is directly related to the philosophy of economics, but this does not mean that the publication The Path to Financial Independence by Bodo Schaefer will be uninteresting to people without an economic education. On the contrary, the book is written in simple and understandable language, and this once again proves that everything ingenious is simple. These advantages make this publication unique - it’s not for nothing that the book became a bestseller. It remains to be noted that this excellent creation by Bodo Schaefer is aimed at readers with any education and income level. In fact, you don’t need a lot of money or rich relatives to become happy. It is enough to have a dream and perseverance in the process of climbing to the top of success! The book The Path to Financial Independence by Bodo Schaefer can help anyone who agrees to go all the way from start to finish, using the recommendations that are described in detail in the publication.

Money and dreams

Have you ever thought about what prevents people from having the income they really dream of? Every day we only think about money - after all, it is a measure of success and well-being. However, the author believes that money does not come to us by chance and in financial matters we need to think not only about ourselves, but also about other people. Money is a form of energy, and the more energy we put toward good causes, the more income we will receive. This is exactly what we will talk about in Bodo Schaefer’s book The Path to Financial Independence - the more we direct money to serving society and helping our neighbors, the more financial energy we receive.

In no case should you exaggerate the importance of money. They become important to us only at the moment when they are missing. Financial problems make us constantly think about them. It is this issue that you need to deal with before you begin to improve your “monetary” health. There is also one more very important thing that will become a “guiding star” on the path to success - this is a dream.

In Bodo Schaefer's book The Path to Financial Independence, great attention is paid to dreams and goal setting. Very often we find ourselves enemies to ourselves and feel that life is unfair. However, simple planning of your time and consistency in implementing plans can work wonders! The author of the book has been dealing with issues such as money, happiness and success for more than 10 years. According to Bodo Schäfer, money helps maintain vitality and he wants us to be freer and able to live independently.

Bodo Schaefer's book, The Path to Financial Independence, describes several ways to earn your first million:

• Saving your income
• Investing saved money in a project
• Increasing income
• Percentage saved for each revenue increase achieved.

Each of these methods has its own advantages and disadvantages, but if you apply all these methods at once, then achieving financial well-being will not take long. Very soon you will see that you have absolutely stopped worrying about lack of money.

Bodo Schaefer's book The Path to Financial Independence will only unlock the reader's potential if he applies these lessons in everyday life. Even if you use only a few methods, after a while you will feel how your financial “life” is improving.