Living Intentionally Through Financial Independence | Ep. 3 | Winenance Wednesday

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What you’ll learn in this episode:

What is Financial Independence (FI), how it can help you live a more meaningful life, and the four (4) key reasons you should pursue it:

1. Financial & Health Security

• If COVID-19 has shown us anything, it's that your job and your health are not a sure thing. Pursuing Financial Independence means that you have a safety net if an when the unexpected occurs.

• There is nothing more empowering than being prepared in the event you cannot physically work or you lose your source of income.

2. Freedom = Choice

• Pursuing FI forces you to evaluate what is truly important to you in life. From the things you spend money on, to the people you spend with.

• Your life is no longer structured around generating income to pay for your life; but rather your finances are built around what you want most from you life.

3. Time Ownership

• Just like the Auntie Maxine memes, when you are Financially Independent, you are reclaiming your time back from your employers (current and future).

• Time is the most sacred asset because no one, not even would-be trillionaire Jeff Bezos, can buy more time. You can buy your time back, but you cannot buy more of it.

4. Generational Wealth

• Living an intentional life through Financial Independence means you will have assets to pass down to your children and loved ones.

• This is especially important for BIPOC whose wealth and labor has been stolen from us for generations.

Resources mentioned in this episode:

Your Money or Your Life by Vicki Robin

FREE 401k Guide

WORKSHOP: Building Wealth in Your 401K

Challenge of the Week

Drink of the Week: Whiskey Cider

Ingredients

• 1 shot Whiskey of choice (Fireball adds some cinnamon and heat to your cocktail!)

• 1 cup Fresh Apple Cider

• 1 Splash Ginger Ale

• Substitute: Sparkling Cider instead of Fresh Apple Cider + Ginger Ale

Instructions

• Fill a glass with ice

• Pour Whiskey over top

• Add fresh apple cider over the Fireball

• Finish with a splash of ginger ale. Stir and enjoy!

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Want to continue the conversation? Join us Wednesday at 8 pm ET on YouTube & Facebook Live for our weekly Financial Independence show: Winenance Wednesday!

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Need help tracking expenses and building your wealth? We’re big fans of these apps and tools:

• Qube Use code WINENANCE25 for 25% off lifetime memberships through 12/31/20

• Personal Capital

• Mint

• Clarity

• YNAB

Disclosure: some of the links above are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and sign up to use these tools.

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