Phases of Financial Freedom | Episode 015

Mark's Money Mind
Mark's Money Mind
Phases of Financial Freedom | Episode 015
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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 Mark@MarksMoneyMind.com 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

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