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BiggerPockets Money Podcast

307: The 4 Steps to Financial Freedom and Debt-Free Wealth

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 6 June 2022

⏱️ 76 minutes

🧾️ Download transcript

Summary

Want to work less and make more? With a forty-hour workweek, it seems hard to imagine a reality where you can do less but still get the same results. How can you fit an entire week’s worth of work into only one day’s working hours? Jason Wojo and Peter Kolat, hosts of The Lifeonaire Show, argue that it’s easier than you think to cut out much of your workday, enjoy your life more, and reach financial freedom faster. Both Jason and Peter grew up in troubling financial environments—raised in households where fighting about money was the norm. As Jason and Peter grew up, took on careers, got married, and had families, they saw themselves falling into the same traps as their parents—taking on debt, overspending, and working far more than they had liked. After hitting “rock bottom”, they decided to take a step in the right direction and change their financial future. With the help of a financially-free “vision”, Jason and Peter now live lives almost unrecognizable to their pasts. They now help others find their passions, chase their dreams, and achieve financial freedom with ease. So, if you’re tired of the grind, the stress, and the financial anxiety, you may want to consider becoming a “Lifeonaire” like Jason and Peter. Links from the Show Why healthy finances are key to keeping a family (and marriage) in-tact  Hitting “rock bottom” and climbing out of credit card and consumer debt  Building a rental property portfolio debt-free and how you can do it too The four core tenants of money philosophy and why everything starts with your “vision” The 80/20 Rule and why working less can help you make more money Calculating the cost of financial freedom and why it’s probably less than you think And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Mindy's Twitter Scott's Instagram Apply to Be a Guest on The Money Show Podcast Talent Search! Subscribe to The “On The Market” YouTube Channel Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets How to Get Financial Freedom So You Can Do What You’re Meant to Do Lifeonaire Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Bigger Pockets Money Podcast,

0:02.0

show number 307,

0:04.0

where we interview Jason and Peter

0:06.0

from the Life and Air Podcast,

0:08.0

and talk about living your best life.

0:10.0

And so the first stage of everything,

0:12.0

if you're going to master your money,

0:14.0

you need to have your vision.

0:16.0

Now that may sound completely insane,

0:18.0

because a vision has really not much to do with money at all.

0:20.0

But what we found is that,

0:22.0

your vision really gives you your why.

0:24.0

Your vision characterizes the exact perfect life

0:26.0

you want to have in every area.

0:28.0

And you know how much that costs.

0:30.0

Now you have an actual reason to go out and make the money.

0:32.0

You know, making money in and of itself,

0:34.0

like at some point, it's another zero in your bank account.

0:36.0

Like, you don't feel any different.

0:38.0

Hello, hello, hello, my name is Mindy Jensen.

0:40.0

And with me, as always, is my

0:42.0

financial artist, Co-host Scott Shredge.

...

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