Financial Freedom Formula (3-Step Process)

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Episode 135 • 27th December 2022 • Business School with Sharran Srivatsaa • Sharran Srivatsaa

00:00:00 00:31:03

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Would you want to have financial freedom so you don't have to worry about when your next paycheck would come in? Like most people, you probably think that the only way to achieve financial freedom is to accumulate savings in a traditional retirement plan that you can access only when you're in your 60s or 70s. But did you know there's a way to achieve financial freedom in your life A LOT SOONER? That's right!

In today's episode, Sharran shares his 3-Step Process to Financial Freedom based on what he learned from his financial freedom coaches, Russ Morgan and Joey Mure. These guys have been teaching others how to build passive income greater than their monthly expenses. So if you're ready to break free from your financial challenges and enjoy financial success, this episode is for you!

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“Access to cash is significantly more powerful than cash itself because now you get to deploy cash in the best possible way for you.”

- Sharran Srivatsaa

Timestamps:

00:00 Introduction

01:37 3 BIG Pieces of the Puzzle

04:01 Step #1: Defining Success—What Does Financial Freedom Mean to You?

07:18 What is Passive Income? Is it achievable?

13:23 Two things you should think about

14:25 Step #2: The First Domino

16:47 Here's an action item for you