Set for Life: An All-Out Approach to Early Financial Freedom

There are four key “levers” that we can operate in the pursuit of early financial freedom. Earn more Spend less Invest in assets Create assets

Compute the value of your time, and use it as a tool in determining what makes sense to do yourself, and what makes sense to outsource.

Ellie quit that job soon after. She realized that the reason other people don’t quit their jobs—even those with obviously lousy prospects—is the same reason they don’t take advantage of the free money in the employee stock purchase plan. They are scared to try something new, unable to handle a temporary reduction in cash flow, or can’t be bothered

Few can save significant portions of their earned income when 30 percent or more of their salary goes to their mortgage payment. These people will have large monthly upkeep expenses and a shorter financial runway thanks to their “lovely” homes. Don’t do this to yourself. Wait until you are well on your way or have arrived at early financial freedom

Choose wisely and pursue one of the many professions that offers a chance for freelance work, large income, and other opportunities.

Income is usually (but not always) based on the productivity of the earner. Income can be taken away; income can come and go. Wealth, on the other hand, is a function of knowledge and time. Wealth in the right hands is much harder to lose, and in many cases, increases forever.

Assuming you live in the property for more than two years, when you sell the property, much of the capital gains are tax-free. (This benefit excludes the portion of the property that is treated as a rental.) This

If you don’t improve by working smart, continuously learning, and continuously experimenting, you could find yourself out of work before you know it.

If you have made the decision to move away from a dead-end career and into a profession that offers a real chance at upside in the short-to-medium term, now comes the fun part. You are now entering a world where results matter, not just showing up and doing what you are told.