The Freedom Formula Podcast: Achieving Financial, Location and Time Freedom

If you've ever struggled to find your tribe of like-minded people, this episode is for you.  David recently moved into a coliving community in Boulder and has been experiencing the joys of building his own community at home with new people. In today's episode, David & Neel discuss: What is a coliving community and why you should live in one How to vet & find a coliving community that suits you Types of people who stay in Coliving places

Today's episode is final episode (Part 3 of 3) in what we call the "Acquisition Series". David & Neel dive into two recent acquisition opportunities, one of which closed successfully, and discuss the closed sale, the diligence process, and lessons learned. You'll learn about: An acquisition opportunity for Neel and the plan for how he would immediately increased value overnight What multiples local service businesses sell for  How to identify value-adds to immediately improve your bottom-line

Often times entrepreneurs think about their business as their career, main source of income, or source of passion. What would happen if we shifted our mentality and thought about our business as simply another asset to manage? In today's episode, Neel & David discuss the pros and cons of thinking about your business as an "Asset", and how that shift in mentality can lead to many positive benefits. We discuss: Why people get an emotional attachment to their business Pros / Cons of thinking about your business as an Asset How to analyze return-on-investment (both dollars and time!) from your asset How to shift your mentality towards your business to reap the most rewards

Today's episode is Part 2 of 3 in what we call the "Acquisition Series".  David is working on an acquisition of another local business right now, and David & Neel dive deep into the potential acquisition so the audience can understand how the entire process works and the thought process behind analyzing the deal. In this episode, you'll learn about: The structure of the acquisition What items to look at with diligence How to increase the value of the company overnight

Have you ever dreamed of quitting your day job and traveling the world? On the show, Neel shares how he started MaidThis.com, and why he quit his lucrative finance job to start a cleaning business..and how he has never looked back since. Neel was traveling the world for the last 5 years while scaling his own business and is now franchising this "remote local" business model to motivated entrepreneurs. What You’ll Learn Where the idea for MaidThis came along How Neel managed his side hustle while working full-time with long hours  Neel’s top tips for aspiring location independent entrepreneurs

Ever wondered about the pros / cons of BUYING an existing business versus starting your own business FROM SCRATCH? Today's episode is Part 1 of 3 in what we call the "Acquisition Series". David & Neel dive deep into the benefits and risks of both scenarios by comparing their own experiences and go over a live acquisition. In this episode, you'll learn: Basic on how to structure local business acquisition deals How to find businesses to acquire How the entire process works at a high level

Probably the most common fear for solo travelers is "How will I meet people while traveling?" The answer: its way easier than you think. Through their experiences solo traveling for years, Neel & David discuss the traveler community and break down their best tips for making friends and meeting people while globetrotting.  In this episode, Neel & David discuss: Best places to meet like-minded people while traveling What kind of people/communities exist in the traveler world and what to look for The worry of being lonely while traveling to a new place alone Mentality of meeting people in the U.S. vs Traveler Community

Ever dreamed of finally quitting your day job? Want to start a side hustle but not sure how to manage your time between your full-time job? In this episode, you'll learn: How to manage your time to run your side hustle while working corporate Timeline to scale and when you should decide to pull the trigger to quit your full-time job Mental hurdles you'll come across and how to overcome them

If you're wondering the true benefits (and drawbacks) of living remotely full-time, this is the episode for you. Neel & David have both lived abroad for extended periods while managing their local business. In this episode, you'll hear about: Cost of living out of country versus in the United States Amenities to think about: Wifi speed, coworking spaces, etc Pros/Cons of living abroad and how it impacts your business

After listening to Episode 01, you now know the pros and cons of a remote local business model. How the heck do you identify a local business near you that might be a fit? In this episode, Neel & David deep dive into the key aspects that make a business model a good fit to be remote local, so you can travel the world. They discuss everything you need to watch out for in an ideal business models and things you should avoid.