The 3 Steps to Achieving Early Retirement Without a High Income
On this week’s episode, I want to bust a myth that seems to be rife amongst Australian business owners and investors, and that’s you need to have a high income to achieve financial freedom.
I’ve never had a particularly high income myself, but that hasn’t stopped me from achieving financial freedom.
So what I want to be clear on is that your income level is not the limiting factor in generating wealth. Instead, it’s about how you amplify your surplus in income and transforming that into cash flow, which will allow you to make choices further down the path.
So if you’re a business owner who thinks that their business is their way out, think again. This episode is for you, and it’s important for you to understand
00:00 – Intro
01:32 – Looking at your numbers
02:23 – Step 1: Effectively creating surplus to fuel your investing
04:45 – Step 2: Amplifying surplus income into capital effectively
07:17 – Step 3: Converting capital into assets that generate cash flow
09:24 – Summary and final words
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