Phases of Financial Freedom | Episode 015
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Description
In this episode Mark discusses three phases of Financial Freedom: Financial Enlightenment, Financial Liberation, and Financial Independence.  Mark shares insights from conversations at recent financial events and episodes of the podcast, emphasizing the importance of financial education, strategic planning, and intentional living. Listeners will learn about evolving concepts within the FI/RE community, exploring the benefits of 'Coast FI' and 'Slow FI' encouraging a balanced approach to achieving financial independence without sacrificing the present. The episode wraps up with thoughts on creating meaningful experiences throughout the journey to Financial Independence. If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line. Episode Links: The Simple Path to Wealth by JL Collins The FIoneers blog post on CoastFI vs SlowFI Investment Calculator Taking Stock by Jordan Grumet I Will Teach You to be Rich by Ramit Sethi What is the 4% Rule for Withdrawals in Retirement Early Retirement Now - The Safe Withdrawal Rate Series Die With Zero by Bill Perkins The Top Five Regrets of the Dying by Bronnie Ware Timestamps: 00:27 Reflecting on CampFI and Financial Freedom Phases 00:56 Phase One: Financial Enlightenment 04:29 Phase Two: Financial Liberation 08:51 The Boring Middle and Financial Liberation 10:59 Finding Your Tribe and Community 13:46 Exploring Coast FI and Slow FI 19:54 Exploring Barista FI/RE 20:53 Value-Based Spending 23:43 Understanding the 4% Rule 26:06 Lean FI vs. Fat FI 31:09 Living a Life of Financial Independence 33:14 Creating Memory Dividends 35:34 Conclusion and Community Engagement _______________ As an Amazon Associate this show earns income from qualifying purchases. Affiliate links do not increase your costs, and we will only link to products or services that we are familiar with and that we feel may deliver value to you. The modest income received from affiliate links helps support the cost of running and managing this show.
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