MI198: The Blueprint to Financial Freedom (Mini-Episode)
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 23 July 2022
⏱️ 23 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to TIP. |
| 0:02.9 | Welcome to the Millennial Investing Podcast. |
| 0:04.9 | I'm your host, Clay Fink, and today is another release of our many episode series we send out to you all every Saturday. |
| 0:12.3 | This is the episode where it is just me diving into a specific topic to help you become a better investor. |
| 0:18.3 | On today's show, I'm going to be discussing financial freedom and |
| 0:21.5 | some of my thoughts on what it is and how to achieve it. With that, let's dive right in. |
| 0:28.4 | You're listening to Millennial Investing by the Investors Podcast Network, where your hosts, |
| 0:33.9 | Robert Leonard and Clay Fink, interview successful entrepreneurs, business leaders and investors |
| 0:39.0 | to help educate and inspire the millennial generation. |
| 0:48.2 | So it's kind of funny how I got the idea for today's episode. |
| 0:52.8 | Last night, a friend of mine invited me over to play a board |
| 0:56.3 | game called Cashflow, which was created by Robert Kiyosaki, author of the bestselling book, |
| 1:02.4 | Rich Dad, Poor Dad. It was the first time I had played this game and it was honestly pretty |
| 1:07.9 | fun to play it. Kiyosaki created this game to help teach people how money works and how you can think |
| 1:15.0 | outside the box to get what you really want in life. |
| 1:18.5 | So on the board for the game, there are two tracks. |
| 1:22.0 | There is what he calls the rat race, which is where everyone starts out. |
| 1:26.2 | And then there is the fast track, which is where the |
| 1:29.5 | players can potentially upgrade to. The way you upgrade to the fast track is by having your |
| 1:35.4 | monthly passive income exceed your monthly expenses. So you go around the rat race board, |
| 1:41.5 | collecting your monthly income, paying your expenses, and each |
| 1:44.9 | player keeps track of what they own on this sheet of paper that shows their income statement and |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Investor's Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Investor's Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.