All people are different and have varying outlooks on life, but one thing that the majority of people do have in common is a desire for financial freedom. Financial independence is what many of us strive to achieve, and this may be accomplished by creating sufficient wealth so as not to actively need to work. By having sufficient wealth it enables us to invest and create a passive income through our assets rather than working a 9 to 5 job.

To be able to achieve this is it necessary to have the right mindset. Investing is not for everyone as it normally comes with a certain amount of risk. People with a family to support and other financial responsibilities prefer to have the security of a regular monthly income rather than taking investment risks. For them it is financial security rather than financial freedom that they desire. They want the ability to pay their monthly expenses such as a mortgage, car repayments, school fees and medical insurance as well as to live comfortably. What they are actually striving for is financial security and not financial freedom.

Financial freedom is the ability to create a passive income and to have control over and enjoy life on your own terms. This does not always come without pressures; depending on how you decide to invest your money and which assets you buy, it can often cause stress, worry and financial pressures. This is where having the right mindset is important. Few investors are lucky enough to go through life without suffering setbacks and some financial loses, and it is only those who are able to deal with such setbacks that succeed in the quest for financial freedom.

To be successful your mindset is of paramount importance. You need to set goals which you are confident can be attained, and have faith and the confidence in your own ability to achieve these goals. Rather than folding at the first setback you need to consider setbacks as a learning opportunity and a building block on the road to success.

Those who do achieve financial freedom often read motivational books each day to remind themselves of what they are capable, on how to stay focused, and to help reach the goals they have set for themselves. This also helps to underline the benefits and rewards that they will receive by staying focused and achieving the goals that they have set for themselves.

Books such as ‘The Secret’ by Rhonda Byrne and the ‘Chicken Soup for the Soul’ series by Jack Canfield discuss mindset and how to improve your life by thinking in a positive way. They talk about the methods that can be used to overcome obstacles, and that how by thinking about money, prosperity and happiness it will help to make them part of your life.

Irrespective of whether you are seeking financial freedom through a passive income or simply financial security through steady career progression, with the right mindset both are achievable. To stay motivated and positive, inspirational books can often be of great benefit so that you do not lose sight of your goals or get disillusioned on the long road to success.