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Episode 1145: Financial Independence (cue the fireworks)

What is financial independence and how to achieve it?

SHOW NOTES

This week, Mak and G dive into the world of financial independence, the power of savings over debt, and work out what it really takes to become financially free…

Money can give you the freedom to buy what you want or it can trap you in bad debt, bills, and back payments.

 

So what is financial independence, and how do we achieve it?

This week, Mak and I look at some of the mistakes people make with money, and what habits we can implement to achieve financial freedom…

“It’s about being able to choose what you want to do, without being scared of the consequences.” – Mak

“Spend less than you earn.” – Mak

Time Stamps:

00:25 – What infrastructure is, why it’s important, and how it can stimulate the economy.

03:05 – What areas of life Biden’s infrastructure deal is going to improve.

03:42 – How the market has reacted to this infrastructure deal.

04:29 – Why Biden is raising taxes to pay for his infrastructure deal.

04:57 – What financial freedom is and how it differs from person to person.

07:18 – How money can act as a financial prison and what makes someone financially free.

07:51 – What bad debt is and how easy it is to lose control of your financial freedom.

09:21 – The power of savings and the importance of having a budget.

 

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