The Level Up Podcast w/ Paul Alex - Taking the First Big Step to Financial Freedom and Finding Passion in What You Do

Episode Date: July 10, 2024

In Episode 96 of our podcast, we dive into the journey of achieving financial freedom and discovering passion in your life's work. Host Paul discusses the importance of taking that crucial first step ...towards financial independence and aligning it with your deepest passions.Key Highlights:Starting Your Journey: Paul emphasizes that financial independence isn't just a dream but a gold mine achieved with the right mindset and actions. He explains how the first decisive step is crucial in setting the momentum for everything that follows.Creating a Solid Financial Plan: Learn how to create a realistic financial plan tailored to your vision of financial freedom, whether it’s retiring early, traveling the world, or living without financial stress.Assessing Your Financial Situation: Understand the importance of evaluating your income, expenses, debts, and savings to create a roadmap to your desired financial future.Boosting Your Income: Paul shares strategies for increasing your income, from asking for a raise to starting a side hustle. Discover how doing something you’re passionate about can significantly enhance your financial rewards.Finding Your Passion: Explore practical steps to identify and turn your passion into a profitable venture, whether it’s starting a business, offering services, or creating online content.Investing in Yourself: The importance of continuous learning, skill development, and seeking mentorship to open up more opportunities for financial growth.Adopting a Positive Mindset: Paul highlights the necessity of maintaining a positive and resilient mindset, staying focused on your vision, and surrounding yourself with supportive influences.“Your Network is your NETWORTH!”Make sure to add me on all SOCIAL MEDIA PLATFORMS:Instagram: https://jo.my/paulalex2024Facebook: https://jo.my/fbpaulalex2024Youtube: https://jo.my/ytpaulalex2024Linkedin: https://jo.my/inpaulalex2024Looking for a secondary source of income or want to become an entrepreneur?Check out one of my companies below to see if we can help you:www.ATMTogether.comwww.Merchantautomation.comFREE Copy of my book “Blue to Digital Gold - The New American Dream”www.officialPaulAlex.comLeave a review, like and share to help others and let’s level up together!

Transcript
Discussion (0)
Starting point is 00:00:00 Welcome to the Level Up Podcast. I'm your host, Paul Alex. I went from being a cop to an eight-figure entrepreneur that helps average people like you and me make money every single day. I created this podcast to help you get motivated and to crush your goals. Let's win together.
Starting point is 00:00:16 Remember, I have your six. Get ready to level up right now. Okay, today we're gonna be talking about taking the first big step towards financial freedom and finding passion in exactly what you want to do in life. Look, to me, financial independence wasn't just a dream. It was a goal of mine for over a decade that was achieved with the right mindset and actions. So let's explore how to embark on this journey for yourself and ensure it's fueled by passion. Now let's talk about achieving financial freedom. It starts with
Starting point is 00:00:52 taking the first decisive step. Key word, decisive. It might seem daunting, but every journey begins with a single action. Look guys, life is not difficult. Life is what you make out of it. Life is actually pretty simple. Guys, some of the best entrepreneurs I have met in my life in the past 36 years that I've been alive, they're not the smartest people, but they are very proactive and they always say success loves speed. So they take action. The first step is crucial because it sets the momentum for everything that follows. It's about committing to a path that leads to independence and a life aligned with your deepest passions. So you're probably thinking to yourself, Paul, what is my first step?
Starting point is 00:01:41 It's about creating a solid financial plan. You got to plan to succeed. This involves setting clear, realistic goals for you and your future. You got to ask yourself, what does my financial freedom look like to me? Because financial freedom to me is different from what it's going to look like to you. So is it about retiring early, traveling the world, or simply living without financial stress? You got to define your vision clearly, knowing what you want is the foundation of your plan. So once you have your vision, you got to assess your current financial situation.
Starting point is 00:02:17 This means looking at your income, your expenses, your debts, and even your savings. Understanding where you stand financially is essential to creating a roadmap to where you want to be at in life. Create a budget that aligns with your goals, track your spending, cut unnecessary habits, and start saving more aggressively, guys. I had to save every penny to start my bootstrap businesses. Remember, every dollar saved is a step closer to financial freedom. So the next part of this plan is very simple. You gotta make more money. This might involve asking for a raise at work, finding a higher paying job, or starting a side hustle just like I did with ATMs and credit card machines.
Starting point is 00:02:58 One of the most powerful ways to boost your income is to do something you're passionate about. When you love what you do, it does not feel like work. Your passion will drive you to excel in life, which often leads to greater financial rewards. So let's talk about finding your actual passion because this is the number one question I still get asked to this day. Okay, so start by defining what you love to do in life. What activities make you lose track of time? What topics do you love learning about? Your passion can be anything from writing and teaching to designing to building. You could be a visionary or you could be an executor. Once you defy your passion, think about how you could turn into a profitable venture. This might mean starting a business or offering services to your family and friends.
Starting point is 00:03:46 Or even creating content online on social media. Instead of consuming. Be a creator. That generates income. You got to invest in yourself guys. This was a critical step for me. This means continuing to learn and develop your skill. Take courses.
Starting point is 00:04:02 Attend workshops. Buy programs. Read books. And seek mentors that are at the next level where you want to be at. to learning and developing your skill. Take courses, attend workshops, buy programs, read books, and seek mentors that are the next level where you want to be at, who can guide you. Look, and to end this, guys, let's talk about mindset. You know I'm about to talk about mindset. So the journey to financial freedom requires a positive and resilient mindset. I say this in every pod. Believe in your ability to achieve your goals. Stay focused on your vision even when faced with challenges. Surround yourself with positive influences, people who inspire and support your journey. Remember, your mindset shapes your reality. You got to stay optimistic
Starting point is 00:04:36 and determined no matter what. In conclusion, taking the first big step towards financial freedom involves creating a solid financial plan. It involves increasing your income. It involves finding and pursuing your passion, investing in yourself, and building multiple streams of income. Coupled with a positive mindset, these actions will set you on to the path to independence and fulfillment. Trust me. I'm encouraging you to take the first bold step towards financial freedom.
Starting point is 00:05:08 Embrace your passion and let it guide your journey. Stay focused, stay passionate, and as always, let's level up. Remember, I always have your six. Make sure to share this episode with your family, friends, and anyone you care about. The world's already hard enough and we need to take care of each other.
Starting point is 00:05:24 Make sure to share this episode on Instagram, Twitter, Facebook, and share it with the world. Do me a big favor and tag me, Paul Alex. Also, keep the five-star reviews on iTunes coming. This episode is going to help change the way the world thinks and will help everyone level up in their life. And lastly, if you want to continue to level up, learn more about business and life, then make sure to get a copy of my book, From Blue to Digital Gold, The New American Dream, on Amazon or at officialpaulalex.com.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.