In this podcast episode, we engage in a conversation about budgeting, investing, and achieving financial freedom. We explored the mindset shift I needed to transition from the early retirement movement to the concept of financial freedom. Rather than focusing solely on retiring early, our discussion centers around building a solid financial foundation and escaping the need for a traditional 9-to-5 job.

The conversation we had moved into the gradual increase in savings rates as we become more conscious of our spending habits and find ways to allocate more of our income towards investing. We highlighted the potential for individuals, especially younger ones, to start with lower savings rates and gradually work their way up as their financial mindset evolves.

Throughout the episode, we emphasized the importance of staying realistic about goals and expectations in our investing journey. We discussed the pitfalls of ignoring fees and the need to make informed investment choices, particularly when starting with smaller amounts. Our conversation also touched on the role of fractional shares and the pros and cons of different investment platforms, such as Interactive Brokers and Trading 212.

One key theme we consistently stressed was finding a balance between frugality and enjoying life's experiences. We encouraged listeners to challenge societal norms and question the necessity of certain expenses, all while maintaining a focus on creating memorable moments without overspending. Our ultimate message centered around the long-term nature of investing and the potential for financial freedom as a means to dictate our work-life balance.

In summary, our podcast episode offers a valuable discussion on the journey of budgeting, investing, and achieving financial independence. We provide insights and practical advice for listeners at various stages of their financial endeavors, emphasizing the importance of a mindful approach to building a secure financial future.

Companies mentioned -> Koyjamo, Novo Nordisk, General Mills, Enagas , Rio Tinto and Verizon