The Do More Podcast

Understanding what Financial Freedom really is

7 snips
Aug 25, 2025
The host expresses heartfelt gratitude for listener support and reflects on the podcast's growth. They dive into financial freedom, defining it as covering monthly expenses through cash flow from assets rather than a traditional job. A critical step toward this goal is an honest assessment of personal finances, including creating a balance sheet. The conversation emphasizes the importance of understanding expenses and exploring ways to generate passive income, such as real estate investments.
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ADVICE

Start With A Personal Balance Sheet

  • Audit your personal finances by listing monthly expenses and tracking net worth with a simple balance sheet.
  • Use an assets vs liabilities spreadsheet to see your true net worth and find ways to improve it.
INSIGHT

Cash Flow Defines Financial Freedom

  • Financial freedom means having non-job cash flow that covers your expenses so you don't depend on a nine-to-five.
  • That cash flow can be passive investments or a business that runs without your daily work.
ADVICE

Don't Mistake Flipping For Freedom

  • Avoid confusing active flipping income with financial freedom because flips require ongoing effort and market timing.
  • Build vehicles that produce recurring cash flow or hire managers so income continues without your daily work.
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