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TIP689: My Journey into Financial Independence w/ Stig Brodersen
Episode 979
In today's episode, Stig Brodersen podcasts about his journey into financial freedom.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:45 - Why people overestimate what they can do in a year and underestimate what they can do in a year
05:14 - The tipping point for Stig
08:28 - Why most people don’t want to be financially independent.
11:58 - Why money can – sort of – buy you happiness
15:55 - How much money one needs to retire
17:00 - How to define financial independence
18:22 - Why you (maybe) need equity to achieve financial independence
21:56 - How to value private businesses
26:42 - What do you do when you reach your number? What is your why?
30:47 - Why you should have negotiables and non-negotiables
33:01 - How to avoid lifestyle creeps
37:34 - Why financial independence is a lonely journey
41:49 - Why the journey is the best part
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Stig’s blog post on his portfolio and track record since 2014.
- Stig and Clay’s podcast episode on Stig’s return since 2014 | Youtube Video.
- Check out the criteria of companies in the UK that Stig is interested in buying.
- Check out all the books mentioned and discussed in our podcast episodes here.
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Published on 11 months, 3 weeks ago