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Level 2 of the 7 Levels of Financial Freedom: Figuring Out Your BAM
Manage episode 425286540 series 3495003
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In this episode of Tactical Empire, Jeff Smith and Shawn delve into level two of the seven levels of financial freedom figuring out your BAM (Bare Ass Minimum). They discuss why identifying your BAM is crucial for establishing a foundation of financial freedom, avoiding lifestyle creep, and making empowered choices. The hosts guide listeners through the practical steps to calculate their BAM, emphasizing its role in enabling passive income and creating a life of abundance, discipline, and high achievement. Jeff also highlights the psychological benefits of knowing your BAM, and how it can change your outlook on both personal and financial aspects of life.
Chapters:
- 00:00 Introduction to Tactical Empire
- 00:30 Welcome and Series Overview
- 01:13 Level Two: Understanding BAM (Bare Ass Minimum)
- 01:50 The Importance of Passive Income
- 09:02 Defining Your BAM Expenses
- 14:39 Psychological Impact of Financial Control
- 16:14 Action Steps to Calculate Your BAM
- 18:42 Conclusion and Next Steps
You can connect with Shawn Rider on Facebook and Instagram.
If what you heard resonated with you, you can find Jeff on Instagram, Facebook.
If you're interested you can visit The Tactical Empire's website https://www.thetacticalempire.com/home-4169.
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