7 Levels of Financial Freedom (FIRE) via Dividends
In this video I tell you what the 7 levels of Financial Freedom are and how dividends can accelerate your progress towards FIRE aka Financial Independence Retire Early.
Grant Sabatier’s Financial Freedom Book: https://amzn.to/3E1DvF5
Your Money or Your Life (FIRE) book by Vicki Robin and Joe Dominguez: https://amzn.to/3O02pbx
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TIMESTAMPS:
0:00 Intro
0:25 Grant Sabatier creator of 7 levels of Financial Freedom
3:07 7 Levels of Financial Freedom overview
3:10 Level 1 Financial Freedom
4:18 Level 2 Financial Freedom
5:16 How to calculate how big a dividend portfolio needs to be based on your expenses
5:53 Level 3 Financial Freedom
6:11 Level 4 Financial Freedom
6:36 Emergency Funds
8:48 Level 5 Financial Freedom
9:09 Level 6 Financial Freedom
9:58 Showing what retiring on dividends & selling shares looks like
12:40 An example of how an average person could build a dividend portfolio
13:11 Level 7 Financial Freedom
13:53 FIRE overview
14:21 FIRE Number
15:34 Traditional/Regular FIRE
15:45 Lean FIRE
16:02 Fat FIRE
16:15 Barista FIRE
16:40 Coast FIRE
17:03 Obese FIRE
17:09 Slow FIRE
17:20 Financial Independence charts, Mr. Money Mustache
20:24 Shoutouts to my newest Patreon Aristocrats
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7 Levels of Financial Freedom
https://grantsabatier.com/
https://www.acorns.com/learn/investin...
https://millennialmoney.com/
https://www.cnbc.com/2022/05/10/the-7...
https://themakingofamillionaire.com/1...
How do you become financially free?
What are the different types of FIRE?
Financial Independence, Retire Early aka FIRE
Traditional FIRE Regular FIRE
Lean FIRE
Fat FIRE
Barista FIRE
Coast FIRE
Rule of 25
https://fourpillarfreedom.com/barista...
https://www.mrmoneymustache.com/2012/...
https://www.bankrate.com/banking/savi...
How much of an Emergency Fund should I have?
How big of an emergency fund do most people have?
MrMoneyMustache
Disclaimer: I am not a financial adviser. These videos are for entertainment, inspiration, and educational purposes only. Investing of any kind involves risk. I am only sharing my opinion with no guarantee of gains or losses on investments. Please consult an appropriate adviser and do your own research before making any decisions on anything. I am not responsible or liable for any actions you take. The data shared may be inaccurate.
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