Ep #11: The Quest For Financial Independence
It’s that time in your life when you want the option of not working anymore, instead allowing your money to work for you. Or maybe you’re wanting to plan for that time. Whether you call it retirement or simply financial independence, it’s important to pay attention to some key areas of financial planning in order to make it happen. In this episode, I’ll be sharing important tips from my book, The Quest For Financial Independence, and laying out some important groundwork that will lead to financial independence.
Listen in to hear about the areas of financial planning that often get missed when it comes to retirement. These are things that can make a huge difference in the outcome of your planning and your ability to be financially independent. Even if you aren’t planning for retirement yet, this episode is still for you because I’ll be talking about what you can do early on that will lead you down an easier path to financial independence in the future.
Listen to the Full Episode:
What You’ll Learn in Today’s Episode:
What retirement is usually centered around.
The importance of paying attention to key areas that many people miss.
The biggest area that affects your financial independence.
How to figure out your standard of living.
Why you need to test out your standard of living.
Understanding your assets, net worth, and liquidity.
How your partner and your relationship should be involved in the process.
How planning for your children early helps you later on.
How health and planning for activity helps with the retirement and financial freedom process.
Ideas Worth Sharing:
“Understanding where your money is going and the standard of living that is right for you is so important when you’re talking about financial independence.” - Stanley Funches
“There’s a lot of software that can help you track and understand what your expenses are.” - Stanley Funches
“Parents who properly save for college or trade school while their children are younger, they tend to be better prepared when they get to financial independence.” - Stanley Funches
Resources Mentioned:
The Quest For Financial Independence by Stanley Funches
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