Ways to Speed Up Achieving Financial Independence
Manage episode 381421594 series 3409620
How can you speed up your journey to financial independence (FI)?
In this special class, James will go over a brand-new spreadsheet and walk you through all the different ways to speed up your achievement of financial independence.
James covers the following in this class:
- What is financial independence?
- How is financial independence defined mathematically? How do you know if you're financially independent?
- A brief discussion of pensions, annuities, and social security and why you may prefer to focus elsewhere
- An introduction to the new Financial Independence Asset Allocation and Cash Flows Engine™ spreadsheet
- Speeding up FI via job income
- Speeding up FI via properties
- Speeding up FI via business profits
- An introduction to Safe Withdrawal Rates
- Speeding up FI via invested assets (and a SWR)
- Speeding up FI with annuities
- Besides earning more money and reducing expenses, what are the strategies for achieving FI faster?
- Sources of money to invest... and allocating that money to speed up FI
- Investing or reinvesting in what to speed up FI?
- The three primary groups of strategies to improve speed to FI: increase savings, increase returns, and reallocate assets.
- All the strategies for increasing savings
- All the strategies for increasing returns
- A discussion of Return on Equity and why it matters when you're trying to speed up your achievement of financial independence
- All the strategies based on reallocating assets
- Risk versus speed - a tricky trade
- And much more...
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Cincinnati real estate investor podcast? Book a free consultation to discuss.
131 episoder