Questions For Financial Independence
Hola wonderful people :)
I read this article comparing stock investing in a single country (US) vs global investing. The article got me thinking about what level of questions to ask to begin the journey to Financial Independence (FI).
There are many possible questions to ask including:
(A) What is the "best" investment I should make now? (Specific & Investment-related, this is similar to the question posed in the article above)
(B) How should I develop an overall investment strategy? (Broad & Investment-related)
(C) How can I save as much as possible on this product/service/experience? (Specific & savings related)
(D) What is the optimal way for me to save/spend money to reach my goals? (Broad & Savings related)
(E) How can I earn the most money as quickly as possible? (Specific & Earnings related)
(F) What is the optimal way for me to earn money to reach my goals? (Broad & Earnings related)
(G) How can I develop goals for my life and how can I continuously develop myself to reach those goals? (Broad and life related)
(H) How can I understand & believe in myself to become the type of person who can live the life I want? (Broad and life related)
For those just starting out on their FI journey, the questions at the bottom of the list are likely more useful (than those at the top) because they lay the initial foundation upon which you can build later.
In fact starting from the bottom of the list is how Samon and I organized our upcoming Firedom book:)
We are 99% done (the end is so close I can taste it) recording the audiobook. The structure will look like this:
Book Chapters (12h30m total)
#1 Introduction (0h35m)
#2 Childhood: Principles of Self-Belief & Self-Reliance (1h05m)
#3 University: Principles of Curiosity & Independent Thinking (1h15m)
#4 Early Career: Principles of Ambition & Courage (1h40m)
#5 Business School: Principles of Goal Setting & Personal Development (2h20m)
#6 Late Career: Principles of Revenue Maximization & Value-Based spending (4h05m)
#7 Firedom: Financial Independence, Freedom & the Rest of Your Life (1h15m)
The book is now about a month away (mid-March release). Please feel free to share this and the myfiredom.com site with your communities, groups, and anyone you think would benefit.
Thank you!
Olumide Ogunsanwo
(P.S. Some audio clips from the book are here)