These are the 6 levels to build up that in your journey towards financial freedom. Building up wealth is like building up a building. Know what to anticipate moving forward in this journey and how to get to financial freedom successfully
Say NO to get rich quick schemes!
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0:00 Introduction
0:47 Emergency cash
2:10 Pay yourself first
Focus on improving your income.
Do a regular investing program
4:10 Investing an equal amount that you spend on luxury
Delayed gratification
5:10 Invest 50% of your pay increment
Financial freedom means 25x of your annual expenses
7:04 Get your first $1,000 in passive income
9:17 Fully live off dividends
Generational wealth is built
11:49 Summary
#financialfreedom #financialindependence #thejoshtanshow
We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus.
It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date.
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About Josh Tan:
Josh holds a degree in Accounting from NTU. In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips.
As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.
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