This episode is about the
main barrier to financial independence: consuming for status
instead of investing for wealth. You have a choice: you can either
buy status symbols or your can buy financial freedom, but not both.
Topics covered in the episode include:
There are many different
routes to financial independence. In past episodes I've interviewed
people who have achieved financial independence through extreme
saving as a salaried employee. My own route was through
entrepreneurship—growing and selling a business. Whichever route
you take, you need a strategy to address...
personal finances is crucial if you want to achieve financial
independence and gain more freedom in your life. Most people don't
learn anything useful about personal finances growing up and are
not taught about it in school (I certainly wasn't). It took me a
long time to work out what I really need to...
We're selling our
apartment, selling all our stuff, and leaving England behind to
travel the world indefinitely. This means taking minimalism to the
next level, since we'll only take with us those few possessions
that will fit into two bags that we can fly with. To help with the
task of getting rid of so much, I've...
Everyone knows that to
succeed as an entrepreneur (and just to be productive) you have to
learn to delegate. However, in this episode I make the case for why
it's preferable to automate a task rather than delegate it, when
possible. I provide some examples of how I use automation to help
my own productivity, such as: