Financial Freedom Is The Ultimate Goal

https://www.youtube.com/watch?v=zt3371MQLTo There's a lot of different financial goals you can set for yourself. I want to talk about why I think financial freedom is THE ultimate goal and a great goal to have. 0:00 - Introduction0:48 - Financial Freedom is a defining point1:25 - What is financial freedom?2:20 - Why is this the ultimate goal?4:52 - Financial freedom is a milestone7:43 - Financial freedom takes all the risk away10:45 - Financial freedom is a safe net12:35 - What is your ultimate goal? Recommended Videos: The 2 Year Strategy Transcription: Ryan 0:00there's a lot of different financial goals that you can set for yourself you can try to have a certain amount of money in your bank account maybe a certain amount of money in equity in your properties or maybe you could look at cash flow and look at being financially free in this video i want to talk about why i think financial freedom is the ultimate goal and why i think it's a really great financial goal to have hey and welcome to the step this is my absolute favorite place to hang out in the morning and get the morning sun and drink my coffee it's a bit chilly this morning that wind is a bit cold my feet are freezing now i'm not an advisor so don't take this as financial advice obviously make your own decisions speak to professional if you want to but for me financial freedom is the pinnacle and i i don't necessarily think it's a place that you stop you don't set a financial goal achieve financial freedom and stop but it's a really defining moment and it's a really defining point that you get to that just opens up the world to quite significantly so in today's video i want to talk about why i think financial freedom is the ultimate goal and then you can decide for yourself whether or not you think this is a goal worth pursuing for you and whatever strategy you use to get there so financial freedom let's just talk about what it is first so we're all on the same page there and that's just having enough cash flow coming in in a passive way that you don't need to work anymore that your expenses are covered so you've got a roof over your head you can afford food you can afford health insurance you can send your kids to the schools that you want and you can do the things that you want in your life you may not have the best car in the driveway i certainly don't you may not go on the most lavish holidays but it's like that good level you know i've got a decent car that i'm happy with i get to go on holidays with my kids that i love when when we're not on lockdown but that sort of level where it's like you are you are living a good life but you don't have to worry about money so that's kind of what i mean when i say financial freedom and the reason that i think this is such an ultimate goal is just the choices that it gives you with what you want to do with your life but also who you want to be as a person as well and so when you reach a point of financial freedom so at the age of 28 i had what i call pseudo financial freedom so i didn't online business that was pretty passive that was generating me decent income and i didn't really need to work there was never going to be that long term financial freedom that you would get through something like property but i had time where i didn't have to work for a couple of years so i got a little taste of what financial freedom might look like and what it might be and just getting those choices to do what you want with your time is super powerful and at the time i had no idea what i wanted to do with my time i actually entered a period of depression which i'd struggled with on and off throughout the years but not having that goal and not having that thing i was striving towards i was like i'm not happy why do i keep working but it gave me the choice as a time to pursue things that i wanted to explore so it gave me the choices to you know i pursued gaming for a while i did a lot of running i did a lot of surfing spend a lot of time with my kids and my wife which was really good explored relationships and stuff like that and friendships and so i got a chance to really do that sort of stuff without the pressures of having to work and without the pressures of i don't know how my bills are going to be paid and so having those choices to kind of work out okay what do i want to do what do i want to explore is really powerful and that's why i think it's such a good goal is that when you get there you have those choices even on the way if you're following the two year strategy that mean ben everingham talking about i'll link up to that in the description down below but in that strategy you build up a foundation of properties that will give you financial freedom in the future and then you get to make these choices straightaway so you don't need to make wait till financial freedom anyway but you get those choices which gives you the ability to explore who you are and explore your happiness and that's not something that we're really trained to do it's not something that we're really encouraged to do throughout life it's more just about like getting through you know making enough money to survive and enjoying your life in the process but you don't really get that time to really think about who am i and what i want to do and you also have the ability when you're financially free the reason i think it's such a good goal i think it's a really good milestone and i think it's necessarily the end goal but i think it's a monster that you get to you don't have to work anymore and so you don't have to work in a job that you don't want and then that just takes all the risk away right because if you're thinking okay i want to change career paths but currently this is a great one i went to a wedding of a friend of mine in new zealand i met him when i was in high school at space camp that's right i wanted to be an astronaut at the time so i went to space camp to learn about that industry realized pretty quickly that i'm not like that engineer minded so probably won't end up being an astronaut unless i become extremely wealthy but yeah went to space camp met this guy on space camp and we just clicked and got on really well apparently we look alike and people think we're brothers anyway we stayed in touch over the years i went to his wedding in new zealand because he's from new zealand and he is now a doctor he his spouse is a doctor and like all the friends at the wedding were all doctors right they'd all met in med school and stuff like that and so i was sitting at a table with all doctors i stayed in a house will help with all doctors and got to speak to a lot of them and there was a really mixed group in there some of them loved what they did and not the specialty they were in and some of them just like hated it no joke just like dreaded their work and dreaded their life and but they'd spent 10 years getting to this point to be a doctor they're on good coin earning you know 300 $400,