In this episode, Tom shares his thoughts on the Netflix documentary "Get Smart with Money." This documentary talks about the basic fundamentals on personal finance but still focuses on the cookie cutter type of finance rather than thinking outside the box to create financial freedom and control most desire. Listen in to hear Tom talk through the positives and negatives of conditional thinking around finance.
Highlights
- 00:47 The importance of continuous learning, avoiding "arrivals syndrome," and the effect of financial anxiety
- 01:14 The lack of financial literacy in our school systems and the prevalence of financial anxiety among adults
- 02:37 Impact of financial stress on other aspects of life
- 07:20 Importance of investing in things you understand and have control over.
- 10:41 The second case study of a young family working towards financial independence and early retirement
- 11:48 Discussing the FIRE movement (Financially Independent, Retire Early) and the importance of producing value throughout life
- 14:37 The third case study about a young couple struggling with credit card and student loan debt
- 18:15 Case study of a young woman in the service industry, not feeling fulfilled, and relating her situation to financial aspects
- 18:55 Exploring alternative ways to build wealth aligned with passions
- 20:06 Creating cash flow and saving money by investing in your own business and expertise
- 21:17 The emotional pull of not having financial direction and the young woman's process of building a successful life and business.
Episode Resources - Connect with Tom Suvansri
- https://perennialpride.com/
- https://www.facebook.com/perennialpride/
- https://twitter.com/perennialpride
- https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
Call to Action
Schedule a Call with Tom
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