2min snip

Masters of Scale cover image

You could start a company this weekend, w/Noah Kagan

Masters of Scale

NOTE

Achieving Freedom First

The concept of a 'freedom number' is crucial for achieving personal freedom and living the desired lifestyle. By calculating the minimum amount of monthly income needed to sustain oneself without relying on a traditional job, individuals can determine when they can quit their jobs and pursue their passions. Many realize that their freedom number is attainable with a relatively low amount of money, inspiring them to take the leap towards entrepreneurship. By evaluating essential expenses such as rent, living costs, and savings, individuals can see that achieving financial freedom is within reach and decide to leave their day jobs. It is emphasized that taking small consistent steps towards building a side hustle can lead to financial independence without needing to take significant risks. Rather than impulsively quitting a job, the speaker stresses the importance of reaching their freedom number and ensuring the stability of their side business before transitioning to full-time entrepreneurship.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode