Show Notes
On today's episode of the Financial Independence Podcast, I'm joined by the president of biggerpockets.com and cohost of the BiggerPockets Money Show, Scott Trench! Scott breaks down the journey to financial independence into three stages and explains what you need to focus on at each step (and why)! Highlights: The three stages of wealth creation on the path to financial freedom Why it doesn't make sense to worry about investing right away How to create a "financial runway" and use it to your advantage Why you should try to find a "scalable career" How to turn your biggest expense into an income-producing asset The one question to ask before buying your first house hack The multiple benefits of adding side hustles along your journey
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In 2021, I decided to stop doing annual updates. At that time, I thought I had FI figured out and was just living a "normal" life (so no need to talk about it anymore). Well, a lot has changed since then. Turns out, I didn't have everything figured out :/ I explain more in today's short podcast episode!
Saving up a bunch of money gives you power - power you can use to make your life better and your journey to financial independence quicker. The only way to take advantage of the power though is to use it. Full Article: https://www.madfientist.com/power-of-quitting/
If you want to use money to make you happier, stop thinking about what you can buy with it. Instead, think about how you can use it to remove the things in your life that make you unhappy. Full Article: https://www.madfientist.com/happiness-through-subtraction/