2min chapter

Tropical MBA: Entrepreneurship & Founder Lifestyle cover image

TMBA 655: Deciding How To ‘Buy This, Not That’

Tropical MBA: Entrepreneurship & Founder Lifestyle

CHAPTER

Passive Income Is a Key to Financial Freedom

You can go back to the four % rule, which is 25 ti expenses. If you have 25 times expenses, people say they're financially independent. Using a multiple of income is wiser than expenses, cause you can't cheat that way. i think once you hit about ten times your gross annual income, you start really feeling that momentum and that financial independence. Once you're at about 20 times, that's when you can really take it down a notch.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode