Ep 26: The 5 Step Financial Freedom Framework
Description
The process of achieving financial freedom is not easy, but it’s not as complicated as most people make it seem to be either. It can be simple if you know what to do and where to begin, and if you’re not sure where that is, you can start with my 5-step Financial Freedom Framework – the system that helped me and my students achieve financial freedom.
Listen to this episode to learn more about the things that can help you achieve financial freedom and how the 5-step Financial Freedom Framework can get you there faster!
Key Talking Points of the Episode
00:00 Introduction
01:55 Step 1: Make Money
05:05 What is the biggest problem people face with making money?
08:30 What can you do if you don’t make enough money?
12:09 Step 2: Building a Systematic Engine
14:34 What is the importance of investing in your education?
15:06 Step 3: Joining the Right Circles
18:25 How can you get closer to the right people?
20:42 Step 4: Buying Cash-flowing Assets
24:15 Step 5: Shift Active Income to Passive
26:36 What are the benefits of having passive income?
29:20 What should you keep in mind while building wealth?
33:51 How can focusing on the right things help you achieve financial freedom?
34:59 What is the Five Step Financial Freedom Framework?
Quotables
“This right here is the biggest problem with making money. You don’t know how much you need so you constantly are chasing. You’re constantly thinking that income is your issue – it’s not.”
“If you had the education to do this stuff, you’re going to become the wealthy individual we’re referring to.”
“A clear roadmap that shifts your focus to define success as the daily input of the system, not the result of the system.”
Links
Website: Budgetdog