CDL 47: The 4 Phases Of Financial Freedom....

CashFlow DadLife

So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations. Would you pursue your gifts and talents in dreams?

Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursue your gifts and talents and dreams to serve others, and that is probably what you should be doing. The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to. That is the solution and this podcast will show you how.

What's up everybody? Welcome to another episode of Cash Flow Dad Life. I'm your host Ryan Enk, and today we're going to be talking about the four phases to financial freedom, true financial freedom. I'm sorry, the four phases to true financial freedom. And the reason that I'm going over these phases is because it's really important for you to be able to identify where you are at right now in your life and set some goals and figure out what you need to do in order to get to that fourth phase. So here are the phases in a nutshell. The first is survival, the second is comfortable, the third is financial freedom, and the fourth is true financial freedom.

So let's go over them one by one. So obviously the first phase to get to financial freedom is survival mode. Now, survival mode. I, I wrote an entire book about survival mode, and if you haven't gotten your book yet, you can go to cash flow [inaudible] dot com slash the number seven.

And that's the, um, it's the seven day real estate survival blueprint, how to create 10,000 out of nothing in less than a month. Okay? Survival mode is really awesome, uh, in that it forces you to develop skills that you wouldn't normally develop.

So back when I was, um, you know, survival mode is kinda like you aren't making enough to make ends meet every single month or you are just over being broke, you know, the job acronym just over broke. So, you know, when I was back and um, you know, Hurricane Katrina hit that put me in survival mode where, you know, I've got a wife who is pregnant for eight months and I've got to figure out somehow how I'm going to provide for my family. I got to figure out where we're going to live. I'm going to figure, I've got to figure out how I'm gonna pay for it, I got to find a job, you know, that's, that's survival mode.

And that forced me to develop skills and to step outside my comfort zone in order to make things happen in order to make ends meet. Okay. So survival mode is a really purposeful. It's a really great place to be, um, because it, it puts you in that, uh, that, that category of development. Now, the second phase towards financial freedom is probably the most dangerous of all phases. This is the comfortable phase.

Now this is where you, you, it's either you've got a good job and you're making a pretty good money and that's enough to survive a or you've started making passive income investments, so you've got some passive income rolling in and so that just, you know, that extra 200 to $500 a month really helps out in just your monthly activities, but it's not complete freedom and comfort mode is the worst place to be because it doesn't force you to develop outside of it.

You know, the, the lack of freedom in the comfort zone --- Support this podcast: https://podcasters.spotify.com/pod/show/cashflow-dadlife/support