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