Episode 183
183 Financial Independence Part 3: Buy Status Symbols or Buy Your Freedom
November 29, 201421m 33s
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Show Notes
This episode is about the main barrier to financial independence: consuming for status instead of investing for wealth. You have a choice: you can either buy status symbols or your can buy financial freedom, but not both. Topics covered in the episode include:
- Why everything you think about "the rich" is probably wrong
- How most high income people blow their chance at financial independence
- How you can buy financial freedom instead of getting caught in the culture of capital consumption
- Stop Acting Rich by Thomas Stanley
- Image Credit: Jonas Nilsson Lee