We all want to make enough money to live the life we want. However, attaining financial freedom can be difficult, especially in the face of growing debt. According to debt.org, more than 340 million people are in debt. For this reason, among others, many of us fail to achieve complete financial freedom. According to celebrated author and entrepreneur Carlos E Colon, one of the reasons most people struggle with their finances is a lack of knowledge in managing them. He notes that without financial knowledge, you cannot achieve financial freedom.
“Financial literacy equips you with the skills and knowledge to help you manage money effectively and know what steps to take to achieve the set milestones,” says Carlos.
In his book, The Financial Fight, Carlos explains the basics of enhancing your income and planning for retirement, including strategies for bridging gaps and ways to recognize opportunities. He notes that financial freedom is possible, but it requires a lot of work, courage, and a strong support system.
Carlos knows a thing or two about achieving financial freedom when the odds are stacked against you. He was raised in an underprivileged family and grew up watching his parents struggle financially. Carlos made it his number one goal to change his situation. However, he knew the only way he could do so was by first changing his mindset. He says having an unbreakable mindset has helped turn his story around, and he is now a multi-seven-figure entrepreneur.
When he joined the sales industry more than 20 years ago, Carlos invested in learning more about the industry and managing his finances, using the little he had to scale his venture. He says one of his first jobs was in the automotive industry. The skills and knowledge he learned while in the field helped Carlos transition into insurance.
Through hard work, resilience and determination, Carlos set up an insurance agency in Columbus, Ohio. His goal to always provide more value than what he takes in payment helped him cement his spot in the market, receiving recognition from clients and the community.
According to Carlos, moving into retirement and risk management was not something he had ever considered until 2010 when his grandfather passed away. Having to watch his family struggle with the funeral arrangements and money to cover the hospital bills, the experience prompted Carlos to change his focus from selling extended warranties and gap insurance to retirement and risk management.
He notes that he wanted to help people become more aware of their financial status and take the necessary steps depending on their goals. Carlos specializes in life insurance, retirement strategies, long-term care, and annuities. He is helping people take charge of their retirement by keeping them involved every step of the way while also educating them on risk management to achieve financial freedom.
“Poor financial decisions can have a huge impact on your future,” says Carlos. He notes that coming up with a spending plan and sticking to your goals will greatly help you achieve financial freedom. His goal is to help more people become aware of their financial status and show them that financial freedom is attainable with the right knowledge.
