Financial Freedom: A Proven Path to All the Money You Will Ever Need

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Who could have predicted the tens of millions of people losing their jobs (or getting furloughed) in the Spring of 2020?

Grant Sabatier | Author, Speaker, Entrepreneur

He then questioned the norms and carved his own path to achieve financial freedom. WHAT I DIDN’T LIKE Why trying to copy other people’s money-making game plan could be the fastest way to end up broke and unhappy. (And why you need your own unique plan). We now live in a world with technology that allows us to make money in amazing new ways… so there’s really no reason you can’t be wealthy someday TODAY.Nowadays, I’m on a mission to help as many people as possible discover their own path toward achieving lasting financial independence. Why I don’t think you can earn or save your way into financial independence… and what to do to generate plenty of passive income instead.

Financial Freedom: A Proven Path to All the Money You Will

I believe Financial Freedom will soon have a place among the canon of personal finance books, and rightfully so.

Sabatier's book, Financial Freedom: A Proven Path to All the Money You Will Ever Need, (released by published by Penguin Random House on February 5, 2019) has been translated into 15 languages and is popular in the FIRE movement. The book chronicles his efforts to reach financial independence at a young age and includes a step-by-step framework designed to help readers do the same. In 2020, LinkedIn Learning optioned the rights of the book and released a course [17] designed around its content. [18] [19] [20] The most important insight in Financial Freedom, which I think deserves the repetition it gets across the chapters, is that “time is more valuable than money.” You wouldn’t go into an exam or new job blind, would you? Financial investments, budgeting, and strategizing requires similar prep. Step one in Sabatier’s 7 levels of financial freedom is clarity, aka understanding your current financial situation and enhancing financial literacy. But most importantly, Sabatier highlights that, while one's ability to make money is limitless, one's time is not. There's also a limit to how much you can save, but not to how much money you can make. No one should spend precious years working at a job they dislike or worrying about how to make ends meet. Perhaps the biggest surprise: You need less money to "retire" at age 30 than you do at age 65. I thought everything in the book was explained in simple terms, but not too simple where important information was left out.

Financial Freedom Book | Grant Sabatier

Because of his credibility, I have more faith in the advice that he gives. I appreciate wisdom shared from people like Grant. Well, personal finance is personal. So, there are no lifestyles alike, each person carries a specific scenario of finances. Find out what financial freedom is for you so you can find out what is your number. I think the author means well and I think his story of going from dead broke to millionaire in 5 years is awesome. As he mentions, he did that with some sacrifices, including personal relationships. I wish he would have spend more time digging into this and its importance, as I feel like many people struggle with this. I think it’s a great book for him to tell his story and what worked for him, but I think he should leave the financial advice to those that are much more familiar with how this stuff works. Financial Freedom by Grant Sabatier PDF This book would be especially useful to anyone trying to navigate a side-hustle (I felt somewhat inspired myself...) since there's basically an entire section on side-hustling. The world has shifted. You don’t have to work 40+ hours a week for the next 40+ years of your life just to barely scrape by.

Here’s what life could look like after you take Financial Freedom in Uncertain Times...

As a person who studied finance/business, I still found things that were new to me and was shown things from a different angle than I wasn’t used to. Asset Allocation Metrics Are Questionable: p.235 suggests only a 5% international allocation. For most investors, especially younger ones with likely higher risk tolerances, this is unnecessarily low. One person quit a 12-year IT career because they could grow their net worth faster using automated investments. So instead of working full-time, they chose to spend the rest of their life traveling the country with their partner inside an Airstream camper… As for the charts in the book, he is thinking rationally and is assuming that people will be able to contribute the x amount each month like a robot which is rarely the case in real life. Life happens and then in a blink of an eye you have to use the invested money somewhere else or maybe you are not able to contribute that much of an amount that you could in the initial months. He needs to understand the psychology of money.