What Is The Difference Between Financial Freedom And Financial Confidence


Do you know the difference between financial confidence
versus financial freedom? You see I used to believe in this; That financial freedom is what I wanted. Right? Cause I have read so
many books that talk about “Oh you want to be financially free?” Hey do you want to be financially free? Then do all these things. Now the definition of financial freedom might change. Sometimes
some people might say that always when your
passive income exceeds your personal expense.
Then you no longer have to work for money, then you are free. Or you have a portfolio of investments or a large sum of money then you are financially free. Now today I am gonna go deep. Let me debunk that for you, this is what I have learned the hard way. This is coming from experience, speaking from experience to you right now. Here is what I believe in; first of all lets look at the
two words: Financial, Freedom. Lets just look at the word freedom first. Comment below “how do you
define freedom for you”? Some people may say that
well, freedom of speech, that I can say whatever I want. Well do you have that right now? Some people might say that
its freedom of mobility. That I can co wherever I want. Do you have that right now? You see if you are in North America or you are in most of the
countries in the world. unless you are in some other countries. Chances are you have quite a
bit of freedom in your life. You are kind of already free. You see what I am talking about? But yeah most people they set this goal and say that “hey I need to
make a certain amount of money. I need a certain amount
of money coming in. Then I will be free. That’s not what I am talking about because when you talk to most people. When and if I sit down with
them I sit down with you and I ask them go ahead define
financial freedom for me. Chances are they will say something along these lines; “where you can do whatever you want, wherever you want, with whomever you want
for as long as you want. Without having to worry about money.” Chances are that’s what they will say. That’s what I used to believe, but here is also what I have learned. Just because you are free today it doesn’t mean you are free tomorrow. Now if you have made
any kind of investments That are producing income for you you know exactly what I am talking about. When the investments are
doing well you feel like you are the king or queen of the world. Things are going so well, you feel good, you got money coming in,
the money is rolling in. You are doing good you are free. But suddenly when your
investments don’t do well or your businesses don’t do well; Suddenly you are less free. So here is what I have learned, just because you are free today it does not mean you are free tomorrow. So back then when I had multiple of these like mini sites on the internet. I was selling digital products. I was running it on google adwords. I had money coming in so fast and I was thinking to myself,
“Oh wow this is so good I’ve got money coming in. I am free!” I have way more passive income coming in then my expense, good. Until, guess what? Changes in google, algorithm changes. Now suddenly my add cost skyrockets. Before it was profitable, now every sale that I make, every digital product is now losing money. I was free here… and then suddenly now I am less free. Because any changes within my business and changes are happening
faster then ever, in our human history
because of technology. So you see, do you see
how financial freedom it is an illusion? It doesn’t exist. So you are striving for
something that doesn’t exist. So what you have to realize is, number one you are already free. You can go wherever you want. You can drive, you can take a plain, you can do whatever you want, you can say whatever you want. A lot of people say stupid
shit on the internet. Yes, you have the freedom
you are already free. Unless you are in prison
or something like that. But you are technically free you don’t need to strive for it. I believe, a better way to look at this is not “do whatever you
want however you want.” It’s not having to do something when you don’t want to do it. When you get to a point where you know what I am not going to do that; I am not gonna be there,
I am not gonna meet with this person, I’m not
gonna take on that project. That is a much, much
more powerful concept. I talk about that in my
book F.U Money, right? Where you can click here and download it for
free. I talk about that. So you may be thinking “well Danny if I’m not aiming for financial freedom. Like what a lot of these
financial books talk about or business books talk about.
What should I aim for?” Instead of aiming for financial freedom here is what I think you should aim for. Financial confidence,
now financial confidence is a completely different concept. Because it has nothing to do with what happens externally. It has to do with you internally what’s going on within you. Meaning that you have the confidence. You how have the confidence that that you can make money regardless of what happens to your business. Regardless of what happens
to your investments. Regardless of what happens in the economy. You are not waiting, you are not hoping a investment will provide for you. Or a business will provide for you. You are not-If they do
awesome but knowing that you have the confidence if knock on wood; You lose everything tomorrow. You have the confidence
that you can make it back, you can bounce back. In
fact you believe that it took you first time
maybe this much time maybe ten years to attain
this level of success. Second time around you can do it in a much shorter period of time. You see that’s financial confidence. When you are financially confident that’s true freedom. Because you know I could go anywhere, I
could go into any city, as long as it is a capitalist society. I could make it. I could
go into any industry. I could make it, because
you have the skills. You have the confidence, you
know what you are capable of. See that’s what gives you piece of mind. That you could go anywhere
and make it happen. That you are able to produce results, deliver value in the marketplace. That’s what I am talking
about that’s true freedom. Not the freedom, not the freedom that most people talk about which is illusion. Financial confidence is
what gives you the freedom. On April 24th I’m doing
a special online event. Called Unlock the Wealth Triangle. Click the link and join
me and get a ticket. You can participate from the comfort of your own home. Join us, we have students joining us from all over the world. Get your ticket and I’ll go much more in depth about exactly
what you need to do. To develop the unshakable, financial confidence that
you need in order to be free. So go ahead click the link and I’ll see you in class.

100 thoughts on “What Is The Difference Between Financial Freedom And Financial Confidence

  • DAN IS THE MANN!!! I have taken all of the his advice, jumped out of my comfort zone and now I'm on target to make a million I've even just created a youtube channel to follow my progress. My first video is going to drop in 45 minutes. I would love some support/ feedback so please hit subscribe and check it out. Peace.

  • Sorry to say but if i own a Bentley I would love to drive it by myself and not hiring a driver.😅😅😅😅

  • I love the idea of financial confidence.. I met a guy who lost everything in 2008, even his wife and kids. Doctors said he might die soon cause of an illness. Notwithstanding these setbacks he had the confidence he'd be a millionaire once again. 💪

  • Dan sir first of all you should know that I really love you and I want to say thank you very much for your great videos en each one many interesting informations that help every person who have a dream like me . So I am 16 yo I want to be a great entrepreneur I don't know when, how or where but i really know that it's what I want to be and I will leave nothing be the barrier for my dreams . I will achieve my goals i must because it's not only my dreams but it's also the dreams of my mom so even the hard work , the sacrifices I will continue on this path for me and for my mom . For sure see you soon Dan sir😁 .
    Anyone something can motivate me a word even a letter .

  • I respect the HELL outta ya Dan…don't get me wrong but at the end of the day…when it's ALL said and ✔ people gotta save money long term then people (those who are fortunate enough) really won't have to keep running down these investments now that's NOT an excuse not to work but it's something.

  • The skills you have of value to others give you the financial confidence to make money anywhere at any time.
    They give you the confidence to rebuild from nothing over and over again, anywhere at anytime.
    What are your skills that will give you that financial confidence? Check out https://www.youtube.com/watch?v=W3XNKq8A8nY

  • Love it I see financial confidece is being able to make money from nothing but your skills and knowledge.

  • Freedom to be IN CONTROL OF MY LIFE. Financially and mentality.!! As you said. Just becuz we are free today. Dont mean we will be tomorrow. 😂 you so right! Marketing is UP AND DOWN…!!! I just understand that know.. (financial confidence) AMAZING👏👏 IM KNEW AND MAKIMG MY FREEDOM KNOW.

  • Freedom to me is when you opened up your refrigerator, and grab whatever you want to eat. Another words access without the burdens of worries.✌🏾

  • ѕoυndѕ good тo мe – ιll geт ιт… ι canт waιт тo geт yoυr вooĸ… and ι preorder yoυr new вooĸ…

  • Thanks for the video, Dan. I finally have more clarity, on a subject I never really understood 👌🏿

  • Dan Lok is it possible for me to move to Vancouver and work on businesses with HTC , Iam from India and i follow you sifu

  • I'd never heard of the concept of "financial confidence" before this video, but I really like it. It's something I'm going to develop.

  • for me financial freedom less important then financial confidence. I want to look left side of the menu book and place order without looking at right side.thats the confidence i want in my life.

  • You are already Free… that's key….
    Not having to do what you don't want to do
    Aim for financial confidence. Build your skill set…

  • How does someone find a venue to get into? Hearing stories of wealth creation are great; what made you choose a particular "venue"?

  • I think people need structure and a routine in their life or else they feel vulnerable. Freedom is the opposite of this, it's chaos. Develop a controlled lifestyle system that has allotted space for chaos. Creative freedom contained in a box of responsibility is the key.

  • As a HTC student who's read FU money a few times, this video makes the take away points so much clearer in terms of mindset. Thanks so much Sifu

  • The lower the confidence of someone, the less someone will do. And when we have those mini wins in business, it raises us to do even more work to achieve those little wins into even bigger wins! But having the ability to be confident will allow you to work as hard as day one and keep the passion alive.

  • I read F.U.Money and now I'm not afraid of taking risks, BUT DAN!🤔
    I live in Sri Lanka and I'm 16 yrs old,
    – in sri lanka its almost, i mean ALMOST impossible even just to do a buying and selling business.

    🎓EDUCATION takes a huge part in this country, so that i have an exam this year. And moreover I don't think my parents would give their credit card or pay pal or anything for me to do online business.😭😭😭
    -Studying is compulsory till i'm 18

    HOW would I START DAN (although i would like to call SIFU)?
    F.Y.I = I don't even have the ability to do any online high-income skill courses of yours even though i wanted to
    📚 IS READING BOOKS AND LEARNING FINANCIAL EDUCATION THROUGH YOUTUBE IS THE ONLY THE ONLY THING I CAN DO💰?

  • I have always looking for book on financial confidence because financial freedom doesn't exist. It's a big myth.if you have confidence then you can generate money even if u are broke but if u have no confidence then you will be broke even if u r rich. I recommend Dan book UNLOCK IT to everyone

  • Regarding financial freedom, You talked about it in the sense of having an investment, What if you have an asset?

  • Financial freedom is a available to those who learn about it and work for it. Financial confidence is the feeling of knowing that you can handle all financial challenges. But for more. one should not stop working hard until they forget that it's payday haha! 😀 Hi guys! It's me again. You might have seen me before but my desire to inspire more people is what keeps me pushing to reach out more. We own a cookie shop business in our college town. When we first started it, we just graduated college and were living in our car with very little direction, just a huge passion to be successful. I started it out of a local bagel shop in their off hours at night with my boyfriend, Bran. It was a crazy experience but it worked! We became a success! And how we have our first storefront location (a second one currently under construction but launching soon!) We started it to fund a year long backpacking trip around the world and to be successful while living the life of our dreams.

  • If I make money and work for a city do I have to keep a right image, or can I still be myself?
    Also I want to start a beginner I.T. business with my name. How should I approach that?

  • Nice as always Dan!,
    Just because Dan Said it, it doesn't always mean its true.
    Financial freedom can be determine by your own life style of how you see freedom, Is freedom based with action or mental freedom.
    After dans lines it only expand my reasoning between the two But again it does not affect how i imagine financial freedom. With that linking together with financial confident in 80% Chances

    Its all about you.

  • I think financial freedom is when your business can adapt to the continuous changing and world and show a change when the world changes.

  • I heard somewhere that certain type of music does improves our will power and some types of music degrades that …without our knowing..is it true ?

  • What can you advise to people who are happy with their job but also wants to get a better position in their company?

  • I registered for Dan On Demand right now. I‘m excited if this is worth it, because I follow you quite a bit now and I like the idea of adding value. Thanks!

  • I heard about financial freedom means cleaning up your debts so that you can build up your wealth. 🤔 what do you think

  • Honestly, I think both are just as important… financial confidence will allow you to earn an income whanever there is a setback in the global economy or your personal finances for whatever reason and then financial freedom will give you the ability to be ok if for whatever reason you can´t or don´t want to work for a couple of months or years… in my case, I´m aiming for both: building my skills up and building my assets.

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