The 7 Levels of Financial Freedom | When Can I Retire?

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Financial Freedom Spreadsheet: https://docs.google.com/spreadsheets/...
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💰 Personal Capital: https://go.robberger.com/empower/yt-
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0:00 Financial Freedom
3:08 Financial Freedom Spreadsheet
5:51 Level 1
9:00 Level 2
13:18 Level 3
13:52 Level 4
14:58 Level 5
17:05 Level 6
17:58 Level 7
23:30 Tool Time--Networthify

In today's episode, I'm going to walk you through the seven levels of financial freedom. When you think about a retirement goal, particularly if you're in your 20s or 30s, it's something that's way out there, right. It's something that's decades away 40 or50 years, depending on your age, and it sometimes can be really hard to sacrifice today and to save for something that might happen, you know, four decades from now. But when you think about it in terms of financial freedom, I think there are two mental shifts that happen that are really important. The first is, you realize that there's more value in money than just spending it. The second thing that changes is you're no longer just focused on something 40 years from now. When you're focused on financial freedom, you can begin to see the benefits of it almost immediately. You don't have to wait 40 or 50 years to get some of the benefits of financial freedom. So I like to think of think of it in terms of financial freedom rather than retirement. Yes, retirements one of the goals, one of the things you can do with financial freedom. But it's not the only thing. And in fact, I could retire now, but I'm not working. And right now I'm behind in front of the camera talking to you. But I still have great benefits from the financial freedom that we've achieved. Alright, enough chitchat, let's get to the spreadsheet. And then after that Tool Time, where I'm going to show you, in this case, a financial freedom or early retirement calculator that I think is kind of neat. So let me show you my screen.

#financialfreedom #retirement #earlyretirement

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.