Aussie FIRE | Financial Independence Retire Early

Chapter 24: Wealth beyond money

Oct 27, 2023

This podcast explores the concept of wealth beyond money and discusses various forms of capital that contribute to financial independence. It emphasizes the importance of investing in skills, connections, knowledge, and culture. The chapter also delves into ethical investing and its impact on addressing concerns about climate change, as well as supporting causes and charities through advocacy and direct gifts.

19:46

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Quick takeaways

Investing in non-monetary resources like skills, knowledge, and connections can lead to a fulfilling life and reduce the amount needed for financial independence.

Recognizing and growing wealth in areas like social, intellectual, experiential, cultural, and spiritual can help achieve overall financial independence with less financial capital.

Deep dives

Wealth beyond money

Wealth goes beyond money and includes resources like skills, connections, knowledge, and environment. Investing in these areas can lead to a fulfilling life and lower the amount needed for financial independence.

Introduction

4min

Wealth Beyond Money

7min

Enhancing Wealth Beyond Money: Investing in Community and Environment

3min

Ethical Investing and Charitable Giving

4min

Supporting Causes and Charities

3min

Send us a text

From budgeting to ETFs, this audiobook has covered a range of routes to reach FIRE. However, beyond earning, saving, and investing, there are non-monetary tools that can propel you closer to your goal. And in this chapter, we're going to explore what they are, and how they can help you.

Join Michelle from Frugality & Freedom as she details the non-monetary forms of capital at your disposal. She'll also discuss how you can reduce your FI number through non-conventional forms of wealth. After this chapter, you may realise that you're closer to FIRE than you'd initially thought!

Absorb the audio version here, or check out the written chapter at our blog.

Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook

Disclaimer

Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide

If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.

Hosted on Acast. See acast.com/privacy for more information.

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