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#54: Brian Luebben
The BetterLife Podcast: Wealth | Real Estate Investing | Life
The levels of financial freedom
Financial freedom can be achieved by breaking it down into three sections: survive, arrive, and thrive. Survive involves covering baseline expenses like mortgages and bills. Arrive includes having discretionary income for extras like dining out. Thrive is when all expenses are covered. Achieving financial freedom doesn't always require total income replacement. It's about reaching different levels of financial security by starting with covering essential expenses and progressing to discretionary spending and finally achieving complete financial independence.
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