Key takeaways:
- Financial Freedom is a psychological and social construct.
- Clarify why you want Financial Freedom and what it would buy you that you do not have.
- Financial Freedom is a feeling, and the amount of money required varies for each person.
- Reverse engineer the amount of money needed to feel financially free.
# Why you want Financial Freedom
Understand the motivations behind your desire for Financial Freedom. It could be to go part-time in your job, quit your job altogether, have a certain lifestyle, or own a house without a mortgage. Everyone has different reasons, and it's essential to figure out yours.
# Reverse engineer your Financial Freedom number
To achieve Financial Freedom, it's crucial to set a clear goal. Determine the amount of money you need to feel financially free by considering your lifestyle costs and the location where you live. This number will give you a target to aim for and help you create a plan to achieve it.
Summary for: Youtube