Goals are needed in life. Whether it’s spiritual, physical, emotional or financial. It’s always good to work towards something with a good blueprint.
But sometimes we don’t know where to begin and it feels so overwhelming when we look at our current situation. Thoughts like: “Can I do it?”, start racing through our minds. If this is you, join us to dispel some of those myths and limiting thinking.
In today’s episode of The His & Her Money Show, Grant Sabatier, author of Financial Freedom, shares with us nuggets of gold to living a richer and more prosperous life. His focus is on fast-tracking financial independence and showing the world how to achieve financial freedom.
Starting From The Bottom
His journey started when he was 24 years old. He couldn’t find a good fit career-wise and ended up going back to his parents, sleeping in the same bed he slept in as a seven-year-old.
Grant pulled himself up by his bootstraps, and in 5 years and 3 months built two companies, ran digital marketing campaigns, had 13 different income streams, saving 80% of his income to become financially free to do what he wanted when he wanted.
He started writing his blog and after numerous requests of: “How did you do it?”, he decided to write a book, hence Financial Freedom.
The Levels of Financial Freedom
The seven levels he speaks about in the book includes 1) Clarity on where you’re at, 2) Self-sufficiency, when you pay your own way, 3) Escape living paycheque to paycheque, 4) One to two years expenses saved, 5) Two plus years expenses saved, 6) Financial independence from recurring income like rental income, 7) Abundant wealth, having more than enough.
Grant challenges us to think differently, not only about money but about the lives we want to live. Ask yourself: “What type of life do I want to live?”, and then start thinking of ways of how to get there. Read books. Read blogs.
Educate yourself. The old way of thinking, work 40 years, put some money away for retirement, and then retire, is what we WERE taught. But he believes that using strategic thinking can show you new ways of getting to financial independence much earlier.
Know Your Numbers
He strongly believes that knowing your net worth, or walk-away-money as he calls it, (which is the money and assets that is left over after you have paid off all your debt), is very important as it is your financial scorecard. Knowing this number makes it easier to make the right decisions with your money. And you can use the calculators on his website to help you get to the net worth you want to be at.
Couples should dream together. Grant suggests that couples should sit down and decide together what their life should look like. After that conversation, then look at the figures and find out what needs to be done to get that life. Budget together, save together, celebrate the successes, and together you’ll get that life you have always dreamed of.
Get in touch with Grant at https://millennialmoney.com/about/, or https://financialfreedombook.com/
What You Will Learn
- How much of your income you should save
- Find out what your definition is of financial independence
- How to challenge your way of thinking about money
- Why you should invest in yourself
- How to get out of the 40-year-plan-to-retirement way of thinking
- Why and how to be intentional
Resources Mentioned
- Enter our giveaway to win Grant’s book HERE
- Financial Freedom by Grant Sabatier
- Grant’s previous episode on our show
- The Top Five Regrets of the Dying by Bronnie Ware
Thanks For Listening!
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