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MI170: The Millionaire Fastlane w/ MJ DeMarco
Millennial Investing - The Investor’s Podcast Network
The Value of Financial Freedom at a Young Age
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- Autonomy is the ability to make decisions and pursue one's ideas without needing approval from higher-ups.
- Wealth is about freedom, including the freedom to do what you want, when you want, and where you want.
- Financial freedom is not solely about being able to do nothing and buy nothing, but also being able to enjoy experiences and make purchases without constantly worrying about money.
- Time freedom is also important, allowing individuals to have the freedom to spend their time as they choose.
- Having financial freedom and time freedom while young is valuable because as time goes on, opportunities and physical abilities may diminish.
- The idea of saving money for decades in order to eventually experience life is not practical or fulfilling for everyone.
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