Breaking Free Of The Bankers Business Model By Using The Shred Method For Financial Freedom | Adam Carroll

Aug 1, 2022

59:03

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In this episode of the Millionaire Mindcast, we have an incredible guest no other than Adam Carroll, who shares insights and wisdom on achieving time freedom, relationship freedom, financial freedom, service freedom, journey of paying off debts, Engineering finances by creating more discretionary income, and how the shred method can really unlock financial freedom for people in the next 3 to 5 years!

Adam Carroll is a freedom fighter, savvy from an investment standpoint, an entrepreneur, author, professional speaker, mentor, documentary filmmaker, and podcast host. He changes lives by helping people succeed faster by building a bigger life not a bigger lifestyle. He wrote the book, “The Build a Bigger Life Manifesto”.

At an early age, Adam really loves the idea of making money and entrepreneurship. He lives like a rich college kid and then quickly becomes a broke professional because of debts. He wanted to live a life differently from his parents and free from debts. Until he read over 100 books in personal finance. Together with his future wife, he took a great leap. He started learning investing intelligently in real estate deals, alternatives investments, syndications, and being a lender for some people.

The couple was so aggressive about paying off debt and how they could minimize their lifestyle. They used their existing income in an efficient manner to blast away compound interest debt until they saw a huge financial success. Currently, Adam is not only obsessed with debts but of how to bring value to the people in terms of building wealth, financial freedom, and financial literacy!

Some Questions I Ask:

Where did your wealth-building journey start?

What were some of the early AHAs that made the biggest difference for you at the beginning?

How can someone go about auditing their lifestyle and finances while enjoying what they’re doing but still purposeful of unlocking real wealth and financial freedom?

How have you and your wife have found the synergies of both of your financial personalities coming together to create a common goal that both of you get to enjoy?

What does your financial rhythm look like?

What is your interpretation of what good and bad debt is?

What is the Shred Method?

What do you see out there that you’re paying close attention to when it comes to financial opportunities or threats?

In This Episode, You Will Learn:

The 4 legacies for future generations

Adam’s takeaway in life

Lifestyle design: life versus lifestyle

Common sources of couple’s financial friction

How to make your home an asset and not a liability

The Savings Analysis: How to quickly get out from debt

The magic of HELOC