233 National Financial Literacy - Day 26 - The Habits of Financially Independent People
As day twenty-six of the National Financial Literacy Month is
underway the focus is on the habits of people that are financially
free. During this episode, Paul shares insight into the habits of
people who are financially independent.
16 Minuten
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vor 3 Jahren
My favorite definition of financial freedom reads as follows:
"Financial freedom is the ability to live the lifestyle you
desire without having to work or rely on anyone else for money."
The real question is whether you can survive if your paychecks
stopped coming in? Only you can answer this question, and conduct
your own assessment pertaining to the question. Some people are
transitioning into a movement called Financial Independence
Retire Early (F.I.R.E.) which entails spending less than you earn
and saving or investing the rest to reach financial independence.
Three points of focus for F.I.R.E. practitioners:
1. Minimize your expenses in a few key areas
2. Grow your wealth
3. Never stop learning (self-study, investments, etc.)
This is a wonderful segway for Wealth Academy Podcast listeners
and subscribers, in that it is time for us all to lock in our
financial literacy, and take action to see your financial goals
and dreams come to fruition. Recommend your family, friends, and
colleagues to listen to episode 233 of day 26 of the NFLM.
Learn about Paul Lawrence Vann's digital Financial Fitness
course, it is being offered at a 50% discount throughout the
month of April, National Financial Literacy Month, here is the
link: https://bit.ly/3dbperG
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