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Optimal Finance Daily - Financial Independence and Money Advice

494: The Three Levels of Financial Independence: Because Money is Only Part of the Equation - Pt 1 by Sam - Financial Samurai

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 18 January 2018

⏱️ 8 minutes

🧾️ Download transcript

Summary

Sam of Financial Samurai shares the three levels of financial independence. This is Part 1 of 2. Episode 494: The Three Levels of Financial Independence: Because Money is Only Part of the Equation - Pt 1 by Sam - Financial Samurai. Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance site to help himself and others make sense of chaos. After all, he had spent 10 years working in the finance industry, got his MBA from Cal, invested and saved aggressively, and still got financially rocked! Since then, more than 20 million visitors have stopped by FinancialSamurai.com. The original post is located here: https://www.financialsamurai.com/three-levels-of-financial-independence Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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Engineered to do it all. That's a laptop evolved with Intel Evo Platform.

0:27.8

This is optimal finance daily episode 494, the three levels of financial independence,

0:36.0

because money is only part of the equation, part one, by Sam of Financial samurai.com.

0:41.7

And I'm your host and narrator Dan.

0:43.0

I'm here each weekday reading to you from some of the best personal finance blogs on the

0:47.8

planet.

0:49.0

For now, let's hear today's post as we optimize your life.

0:53.0

The three levels of financial independence,

0:59.0

because money is only part of the equation,

1:01.0

part one, by Sam of Financial samurai.com.

1:06.0

Reaching Financial Independence is the holy grail of personal finance.

1:09.8

But what does financial independence really mean?

1:12.7

In this post I'd like to determine the various levels of financial independence.

1:16.9

That's right, even in financial independence there is no one size fits all, since everybody

1:21.7

has a different desired standard of living.

1:24.0

Contrary to what you may think,

1:26.0

financial independence is not all about having enough money

...

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