Welcome aboard the journey to personal and financial independence! Let Marissa guide you through creating a freedom plan to lead you to a fulfilling life. In this episode of Live Life Rich, she’ll unfold the essence of independence and its significance in shaping our lives. Stepping into financial freedom, Marissa draws wisdom from her grandfather's famous phrase, “Make hay while the sun shines.” Discover your freedom number, the amount you need to generate an annual income of $150,000, and sketch your own map to financial independence. She tackles the complexities of inflation, taxes, and other considerations to ensure your income sources flourish and guide you toward your financial goals. Retirement doesn't have to be a labyrinth of confusion. Marissa will help you navigate the intricacies of business sales, financial planning, and identifying potential sources of income. Whether it’s Social Security, cash rent, rental property, or a business sale, diversifying your income is the key to resilient financial health. Remember, freedom isn't just a dream - it's achievable with strategic planning. In this episode, you will hear: Create a freedom plan, focusing on the importance of achieving personal and financial independence and the significance of diversifying one's income sources How to ascertain your freedom number, the amount needed to generate an annual income of $150,000, and how to plan for it strategically Marissa’s grandfather's wisdom, “Make hay while the sun shines," emphasizes the need for planning and maximizing opportunities for financial growth Retirement planning, discussing the intricacies of business sales, financial planning, and identifying potential sources of income such as Social Security, rental property, or a business sale Take control of your life, live richly, and take risks because financial independence isn't just a dream but an achievable goal with strategic planning Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Supporting Resources: https://marissanehlsen.com  Facebook: https://www.facebook.com/marissa.nehlsen Instagram: https://www.instagram.com/marissanehlsen/ Standard of Living Budget Worksheet: https://marissanehlsen.com/standard/ Bulletproof Your Business: https://marissanehlsen.com/bulletproofyourbusiness/ Get my “15 Ways to Create Cash in Your Business” download: https://15stepstofreedom.com Join the Live Life Rich Community Facebook group: https://www.facebook.com/groups/liveliferich/ *** Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know I sent you.