Today in Radical Personal Finance, we're going to talk about financial independence and how quickly

you can get there if you use the concept of synthetic equity and find the right timing on an opportunity. Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge, skills, insight, encouragement, and inspiration that you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less.

My name is Joshua Sheets.

I am your host.

Thank you for being with me today.

Today we're going to tackle that financial independence in 10 years or less.

Not.

It's a hard one. Probably don't talk about it enough. Today let's do it. As I have done shows in the past about that little 10 year or less statement that I have there in my little slogan for the show,

I've emphasized that there are a number of different ways that you can get to financial freedom in 10 years or less.

And I use the term financial freedom intentionally.

I don't use financial independence there, although I do believe that you can become financially independent in 10 years or less.

The paths to get there are generally going to involve a very high extreme savings rate.

If you can save 70 or 80% of your income, you could reliably

become financially independent in about 10 years, or possibly through the

growth and sale of a business that also can be done in less than 10 years.

Many successful businesses are able to

build and grow and sell out in less than 10 years. Now none of these strategies are without risk.

Entrepreneurship is risky. There's no guarantee of success, but neither is there any guarantee of anything in life.

So I don't use financial independence in my slogan to say financially independent in 10 years or

less, although I do maintain it's possible. I use Financial Freedom.

Now you can choose what Financial Freedom means to you.

You can define what Financial Freedom means to you and I've done entire shows where I've talked

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