Try Life On
17: Breaking The Money Rat Race with Maurice Philogene
Jul 28, 2023
Maurice Philogene, expert in breaking the money rat race, shares his Freedom Plan to escape the never-ending cycle of financial constraints. Topics include the power of passive income, creating a freedom plan, steps to achieve financial freedom, and breaking free from the rat race to live a good life with freedom of time.
21:51
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Quick takeaways
- Paying yourself first and buying assets that generate income is crucial for breaking the money rat race and achieving financial freedom.
- It is important to prioritize and build the habit of storing money in order to invest in assets that provide passive income and equity growth.
Deep dives
Breaking the Money Rat Race
Breaking the money rat race is important for achieving financial freedom. The speaker shares his personal journey of realizing the importance of controlling his time and creating passive income. He emphasizes the need to understand the purpose of money - to create perpetual income streams, such as real estate or dividend stocks. The podcast introduces a 10-step plan for breaking the money rat race, which includes paying yourself first, storing money for investing, and buying assets that pay you. The speaker highlights the importance of building the habit of storing money and consistently repeating the process to achieve financial freedom.
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