496. Your Freedom Number (Wealth Series Part 3)

Mar 17, 2025

Discover the concept of a 'freedom number'—the key to achieving financial independence without relying on work. Learn how to calculate your number using the 4% Rule and gain insights into effective investment strategies. The discussion emphasizes that financial freedom is about making choices, not just accumulating wealth. With practical tools and a downloadable worksheet, listeners can map out their paths to financial security. Transform your dreams of financial independence into actionable steps today!

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INSIGHT

Freedom Number and Goal Alignment

A freedom number represents the unearned income needed annually for financial independence.
It's crucial to align financial goals with current actions to achieve this freedom.

ADVICE

Mapping Your Financial Future

Determine your current financial standing, desired financial state (freedom number), and timeframe.
Time is the most powerful factor in wealth growth, so start early.

INSIGHT

Purpose of Financial Wealth

Financial wealth provides unearned income, allowing you to pursue your life's mission without work obligations.
Work becomes a choice, not a necessity, driven by your values and passions.

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What would it take for you to never have to work again—unless you wanted to? That’s the core idea behind your freedom number. It’s not just about becoming a millionaire; it’s about having enough unearned income to live your life mission without relying on a paycheck.

In this episode, we walk you through the three key data points needed to chart your financial future:

Where you are today
Where you want to be (your freedom number)
How long you have to get there

We simplify the math behind financial independence, introduce the 4% Rule for sustainable wealth, and provide actionable steps to set your target. Whether you’re looking for security or ultimate freedom, knowing your number will allow you to make informed investment choices that get you there.

If financial freedom is your goal, don’t just dream about it—start mapping your path today.

Challenge of the Week:

Download the Freedom Number Worksheet at the1thing.com/freedomnumber and calculate your freedom number. Use the formula to determine how much your money needs to work for you, and start making strategic investment decisions today.

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To learn more, and for the complete show notes, visit: the1thing.com/pods.

We talk about:

Why financial freedom is about choices, not just wealth
How to calculate your freedom number using the 4% Rule
The power of compounding interest and investment strategies

Links & Tools from This Episode:

Download the Freedom Number Worksheet: the1thing.com/freedomnumber
Free Resources
Want to be a guest or share feedback? Email podcast@the1thing.com or send us an audio note at Speakpipe.com/the1thing.

This podcast is for general informational purposes only. The guest’s views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

Any text or materials generated by artificial intelligence (AI) should be reviewed for accuracy and reliability as there may be errors, omissions, or inaccuracies.

Produced by NOVA