What does Financial Independence ACTUALLY look like?
"What's your take on Financial Independence?"
That was my favorite question of the week from my good friend and fellow entrepreneur, Adriana Tica.
[By the way her newsletter is PURE FIRE, so you should go subscribe to it: https://www.adrianatica.com/newsletter/].
So, here's how I see Financial Independence:
The "Financial Independence" idea is really a fairly broad continuum...
There are LOTS of opinions and LOTS of definitions...
My wife and I are what is considered "Lean FI".
My personal FI definition is:
- ✅ ZERO consumer debt (preferably mortgage debt, too)
- ✅ Emergency fund (war chest) of at least 1yr of expenses (i.e. cash, preferably more than one year)
- ✅ A solid diversified investment portfolio (somewhat subjective) that includes:
- ✅ Additional Cash Reserves (Emergency Fund's Emergency Fund)
- ✅ Traditional Investments (Mutuals, ETFs, HSA, etc.)
- ✅ Precious Metals (Physical Gold/Silver, NOT ETFs)
- ✅ Bitcoin (very controversial, I know)
- ✅ A business that generates active/passive income
- ✅ An ongoing investment in my entrepreneurial skill stack
What does FI mean to me?
For my wife and me it means:
- 🏆 Freedom from corporate 'Merka and being told what to do
- 🏆 Freedom from my judgement being CONSTANTLY questioned
- 🏆 The ability to pursue stuff I actually like helping people with
- 🏆 A fairly "low consumption" lifestyle (no Joneses upkeep here)
- 🏆 Wealth reserves and income that aid in optimized sleep patterns
- 🏆 A consistent rebalancing and building of all of the above
- 🏆 This list could actually be endless...
Are you curious about FI and what it ACTUALLY looks like?
- 👉 Tuesday, I'm holding a 100% free workshop to show you how achieve it...
- 👉 I'll outline the EXACT process I used to pay off $174k debt in 2.5 yrs...
- 👉 And then move on to "Lean FI" in under 10yrs...
- 👉 Which then allowed my solopreneur dream...
- 👉 Into becoming a practical reality...
- 👉 All by using this process...
FREE Workshop This Tuesday: www.bradlong.co/opto
That's all for now... Hope to see you Tuesday!
Brad
Whenever you're ready, there are 2 ways I can help you:
1. If you're wanting forward momentum in your business, I'd recommend starting with an affordable course:
➡️ START. An Online Business - Course: Productize your knowledge with my niche validation, content, marketing, audience attraction and traffic growth system. Everything you need to start, grow and scale a profitable solopreneur business.
➡️ Inner Circle 6-Week Group Coaching Experience (Waitlist): Group coaching cohort where I take you from business idea validation to product creation to traffic generation. My complete system for creating: 1 verified market, 1 way to generate leads, 1 way to convert leads and 1 product to sell. Program opens about 4 times per year and you can get on the waitlist, here.
2. Register for my next free in-depth workshop on how to start, grow and scale an online business from a side-hustle to six-figures and beyond: Register here.
[FREE QUIZ] What Type Of Online Business Is Right For YOU?
Take this FREE 60-second quiz and find out what type of online business is the best fit for your personality and goals.
Download My FREE Quick Start Guide
Discover the six simple steps to start and grow an online business that help you monetize the things you already know, so you can begin to work less and live more.
FREE AUDIO TRAINING DOWNLOAD INCLUDED
Who Is Brad Long?
I'm a solopreneur strategist and advisor for 5-6 and 7 figure entrepreneurs. I am obsessed with constructing systems, eliminating distractions and helping my students build highly profitable one-person businesses.
When You're Ready, Here's How I Can Help You: ↓↓↓
[FREE QUIZ] What Type Of Online Business Is Right For YOU?
Take this FREE 60-second quiz and find out what type of online business is the best fit for your interests, experience, personality and goals.
[FREE GUIDE] Start An Online Business - Quick Start Guide
Discover the six simple steps to start and grow an online business that help you monetize the things you already know, so you can begin to work less and live more.
FREE AUDIO TRAINING DOWNLOAD INCLUDED
START. An Online Business
Productize your knowledge with my niche validation, content, marketing, audience attraction and traffic growth system. Everything you need to start, grow and scale a profitable solopreneur business.
6-Week Inner Circle (Waitlist)
6-week group coaching cohort where I take you from business idea validation to product creation to traffic generation. My complete system for creating: 1 verified market, 1 way to generate leads, 1 way to convert leads and 1 product to sell.
