Find Your Freedom Number
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Episode Brief Description
Most of us are seeking more freedom. In order to achieve it, you must know the cost of your freedom. In this episode, we should you how to find your freedom number.
Are you looking to create your ideal lifestyle? Then we invite you to become a #lifestylebuilder.
Key Insights & Timestamps
- [00:50] – Welcome
- [07:40] – Figuring out what your freedom number is
- [10:40] – The importance of putting a budget/plan together
- [15:51] – How to get out of debt
- [23:06] – How to build your “runway”
- [32:40] – Understanding how things will change financially when you leave your job
- [35:49] – Understanding how much your business needs to make for you to bring in your freedom number
- [40:27] – Your Homework
- [35:45] – Tom’s Bookshelf
- Sit down and figure out your freedom number. Be sure to include your spouse in this discussion.
- Go and check out our Lifestyle Plan With Purpose guide. This is critical when having discussions/making decisions
The 4-Hour Workweek
- Getting Into Debt Young & How to Work Your Way Out
- Debt Reduction Spreadsheet
- How to Get Your Spouse on Board
- Cashflow 101 Board Game
- What a Six-Figure Business Looks Like
- Profit First Book
- Find Your Financial Freedom Guide
- Plan With Purpose: The Ultimate Guide to Creating Your Ideal Lifestyle
- Lifestyle Builders Mentorship
- Join our Free Facebook Group for Family-Focused Entrepreneurs
- The first step of achieving financial freedom is understanding how much money you need coming in
- Understanding your runway is key to know when you quit
- Once you know the life you want, you want to model the business that you need to create