Home Passive Income #55: 3 Main Myths About Monetary Freedom | Passive Earnings M.D.

#55: 3 Main Myths About Monetary Freedom | Passive Earnings M.D.

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For this episode, we’re going to speak about certainly one of my favourite topics – monetary freedom. For a lot of, they suppose it’s only a pipedream. It appeared that approach for me too at first, and now after I suppose again on it (7 years later) a lot has occurred since then and it has consistently been on my thoughts. 

I assume you possibly can say I’m a bit obsessed. 

Monetary freedom has allowed me to take action many alternative issues. It’s humorous as a result of as I’ve realized extra about monetary freedom, I’ve additionally realized quite a lot of myths surrounding it. I’m wondering if any of those myths are one thing you maintain onto with regards to monetary freedom. 

Now, let’s have a look at what we mentioned on this episode:

  • What the highest 3 myths relating to monetary freedom are.
  • Why so many individuals have believed these myths for thus lengthy.
  • Is there such a factor as “good debt”?
  • How the monetary freedom journey begins and the actionable steps it is advisable to take to get there.

Right here’s a breakdown of how this episode unfolds…

[2:00]
Whether or not or not it is advisable to be debt-free to realize monetary freedom.

[4:45]
How I exploit debt as a instrument to create a major quantity of earnings.

[8:00]
Do it is advisable to totally retire to reap the advantages of economic freedom?

[10:03]
How and why it is advisable to optimize your time and life once you’re planning for early retirement.

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