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Investing in Real Estate with Clayton Morris | Investing for Beginners

866: Wealth Building Masterclass Part 5: The Freedom Number - Episode 866

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Investing, How To, News, Education, Business, Business News

4.11.1K Ratings

🗓️ 5 August 2022

⏱️ 7 minutes

🧾️ Download transcript

Summary

The foundation of financial freedom is The Freedom Number. In part 5 of the Wealth Building Masterclass, you're going to learn more about how to calculate your Freedom Number. Your Freedom Number is the amount you need in order to be financially free, and you can find it by using a simple equation we made. All you have to do is plug in a few of your financial numbers.

This will help you figure out how many rental properties you need in order to replace your income and retire comfortably. Please join me for part 5 of the Wealth Building Masterclass to learn more about finding your Freedom Number!

Transcript

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0:00.0

Hi everyone this is James Harkin and Anna Tashinsky two writers of the TV show

0:05.2

QI and two-fourths of the hit podcast no such thing as a fish.

0:09.2

We'd like to let you know that we've written a book it It is called everything to play for. The most

0:14.4

interesting things there are to know about the world of sports. It's for you

0:18.2

whether you like sports or not. Did you know that legendary cricketer Gary Sobers scored his final century while drunk?

0:25.7

Or that games of lacrosse used to involve 100,000 players.

0:31.7

Learn that and so much more by getting everything to play for, the QI Book of Sports, available

0:36.2

in all bookshops and online right now. Welcome back. In part four of the wealth building masterclass when I was telling you about my own path to real estate investing, I mentioned the freedom number and I want to explain that a little more

0:54.2

detail now since that was the foundation of our own financial freedom.

0:58.4

Now before we go there, if you haven't watched the other videos in this series, please start at the beginning.

1:03.6

Go back and do so.

1:04.7

You will be lost if you don't.

1:06.5

Check the description below to watch parts one through four.

1:09.7

They're in the description below.

1:11.0

This is part five.

1:12.4

Now your freedom number is the amount that you need. the and all you have to do is plug in a few of your financial numbers.

1:24.0

Now, your freedom number will help you figure out how many rental properties you need in order to replace your income and retire comfortably.

1:32.0

Pretty simple, right?

1:33.7

Now before you calculate your freedom number,

1:35.7

you need to do a little homework.

1:37.3

What are your monthly expenses?

1:38.8

Take a close look at every expense that you have each month.

...

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