KaaGee Money Michael Mante

Here are 5 key takeaways from "Financial Freedom" by Grant Sabatier - *One’s ability to make money is limitless, one’s time is not*: Sabatier emphasizes that while one's earning potential is unlimited, time is a finite resource.- *Question popular money advice*: Sabatier challenges conventional wisdom on money, work, and retirement, encouraging readers to think critically and question outdated or incomplete advice.- *The key to fast-tracking financial freedom is to speed up compounding*: Sabatier advises making and investing money as early and frequently as possible to accelerate financial growth.- *Your “number” is how much money you will need to achieve your own financial freedom*: Sabatier encourages readers to calculate their individual financial independence number to plan and execute achieving it.- *Don’t defer your dreams into the future*: Sabatier advises readers to prioritize their goals and dreams, rather than putting them off until retirement or some other future point.Here are ten lessons from Grant Sabatier's book "Financial Freedom" - *How Much Money You Need*: Learn how to calculate how much money you'll need to last for the rest of your life.- *Make More Money in Less Time*: Learn how to make more money in your full-time job and by building a profitable side hustle.- *Save Money Easily*: Learn how to save more money than you ever thought possible without giving up the things you love.- *Live For Free*: It's never been easier in history to live for free anywhere in the world.- *Make Money in Your Sleep*: Learn how to invest for your short and long term goals.- *Simple Daily Habits*: Learn the daily habits and tools to accelerate your financial freedom.- *Protect and Grow Existing Assets*: Protect and grow your existing assets.- *Understand and Manage Finances*: Understand and manage your own finances.- *Increase Income*: Increase your income without adding a ton of extra hours and work.- *Retire Early*: You need less money to "retire" at age 30 than you do at age 65.


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A Last Will and Testament (Will) is a legal document that ensures your wishes are carried out after your death. Here are some reasons why you need a Will:

 

1. Control over asset distribution: A Will allows you to decide how your assets, property, and possessions will be distributed among your loved ones.

 

2. Appoint an executor: You can name an executor who will manage your estate and carry out the instructions in your Will.

 

3. Name beneficiaries: You can specify who will inherit your assets, including family members, friends, or charities.

 

4. Protect minor children: A Will allows you to appoint a guardian for your minor children, ensuring their care and well-being.

 

5. Avoid intestacy: Without a Will, your assets will be distributed according to state laws, which may not align with your wishes.

 

6. Reduce conflicts: A clear and valid Will can minimize disputes among family members and prevent costly legal battles.

 

7. Specify funeral wishes: You can include your funeral preferences and burial instructions in your Will.

 

8. Create trusts: A Will can establish trusts for tax efficiency, asset protection, or special needs planning.

 

9. Update beneficiaries: A Will ensures that your beneficiaries are up-to-date, reflecting changes in your life, such as divorce or remarriage.

 

10. Peace of mind: Having a Will in place can give you and your loved ones peace of mind, knowing that your wishes will be respected.

 

Remember, a Will is an essential document that ensures your final wishes are carried out. Consult with an attorney to create a valid and legally binding Will.

 


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The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich

 

Here are some key takeaways from "The 4-Hour Work Week" by Tim Ferriss ¹:

 

- The New Rich (NR) are individuals who abandon the deferred-life plan and create luxury lifestyles using time and mobility.

- To become a NR, one must replace assumptions and free time and location, as money is multiplied in practical value depending on the number of W’s you control in your life.

- Focus on being productive instead of just busy.

- Eustress is the stimulus for growth, so be equally aggressive in removing distress and finding eustress.

- The best first step is finding someone who’s done it and asking for advice on how to do the same.

 

 

Here are 10 lessons from "The 4-Hour Work Week" by Tim Ferriss:

These lessons aim to help you create a lifestyle of freedom, wealth, and adventure, rather than just following the traditional 9-to-5 routine.

 

 

1. Challenge conventional wisdom and question assumptions about work and retirement.

 

2. Focus on income automation and outsourcing tasks to achieve financial freedom.

 

3. Eliminate the things that take up your time but don't contribute to your income (Economic Liberation).

 

4. Create a "muse" business that generates income without requiring your direct involvement.

 

5. Use the 80/20 rule to identify and focus on high-impact activities (Pareto's Law).

 

6. Develop a lifestyle of wealth and freedom, rather than just accumulating wealth.

 

7. Use the concept of "mini-retirements" to take breaks and recharge throughout your life.

 

8. Focus on creating a "mobile income" that can be earned from anywhere in the world.

 

9. Learn to eliminate distractions and minimize time-wasting activities (e.g., email, meetings).

 

10. Develop a mindset of experimentation and continuous learning to achieve your goals.


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There are a lot of great finance books out there to choose from but only some that can change the way you think about money.

3 Books That Change My Finances

 

The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone

Secrets of the Millionaire Mind - by T. Harv Eker

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not - Robert T. Kiyosaki

 


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Lists of things to be thankful for help remind us just how many good things we have in our lives. This is especially important when it feels like many things are going wrong.

Here are 50 things to be thankful for:1. Family and loved ones2. Good health3. Friends who care4. A comfortable home5. Access to clean water6. Food on the table7. Freedom and liberty8. Education and knowledge9. Personal growth and progress10. Nature and the outdoors11. Pets and their companionship12. Music and art13. Laughter and joy14. A supportive community15. Opportunities for travel16. Technology and innovation17. Books and learning resources18. A comfortable bed to sleep in19. Delicious food and cuisine20. Good neighbors21. A sense of purpose and meaning22. Forgiveness and second chances23. A chance to make a difference24. The beauty of sunsets and sunrises25. The kindness of strangers26. A sense of belonging27. The ability to learn from mistakes28. The gift of life itself29. The beauty of nature and landscapes30. The comfort of a warm bath or shower31. A good cup of coffee or tea32. The sound of birds singing33. The ability to create and express oneself34. A sense of accomplishment and pride35. The ability to forgive and let go36. A chance to start anew each day37. The support of a therapist or counselor38. The ability to practice mindfulness and meditation39. A sense of gratitude itself40. The ability to connect with others41. A sense of humor and laughter42. The beauty of art and creativity43. The ability to take risks and try new things44. A sense of resilience and perseverance45. The ability to practice self-care and self-love46. The support of a mentor or role model47. The ability to make memories and create experiences48. A sense of wonder and awe49. The ability to learn from others50. The gift of life's ups and downs, and the lessons they teach us.Gratitude is a muscle that needs to be exercised regularly to grow stronger. Take time each day to reflect on the things you're thankful for!


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"Don't just pay bills and die" is a phrase that encourages people to live a more meaningful and fulfilling life, beyond just paying bills and going through the motions. It's a call to action to pursue your passions, chase your dreams, and make the most of the time you have.

Here are some ways to break free from the cycle of just paying bills and dying:

1. Identify your purpose: Reflect on what gives your life meaning and what you want to achieve.
Your life purpose is the central motivating aims of your life, which can guide your life decisions, influence your behavior, shape your goals, and create meaning.

Your purpose can be unique to you, and may be connected to your vocation, your responsibilities to your family or friends, or your spirituality or religious beliefs

2. Set goals: Create a plan to pursue your passions and dreams.

to set goals and create a plan to pursue your passions and dreams:


Set SMART goals: Goals should be specific, measurable, attainable, relevant, and time-bound. For example, you can include precise dates and amounts.


Write down your goals: This makes them feel more tangible.
Create an action plan: Break down your big dream into smaller, more achievable goals.
Create a timeline: Set a target date by which you will complete your goal.


Prioritize your goals: Determine which ones are most important to you and align with your overall vision.
Take action: Passion requires action to yield results.
Re-evaluate and assess your progress: Cross off each step as you work through them.
Reward yourself: You can help motivate yourself



3. Prioritize experiences: Spend money on experiences that bring joy, like travel or learning new skills.

An important question you'll need to answer when trying to buy happiness is whether you should focus on experiences like travel or material purchases like a new TV. Let's not bury the lede; research confirms that for most people spending money on experiences brings greater happiness.


4. Cultivate relationships: Nurture meaningful connections with others.


Cultivating relationships involves putting in the effort to develop and maintain strong connections with others. Here are some ways to nurture meaningful connections:


Practice gratitude: This positive emotion can strengthen friendships and intimate relationships.
Learn to forgive
Be compassionate
Accept others
Create rituals together
Balance social and alone time


Practice active listening: This involves hearing someone's words and understanding their emotions and perspectives. You can demonstrate empathy by maintaining eye contact, nodding, and asking clarifying questions.


Cultivate empathy: This involves mentally and emotionally trying to put yourself in the other person's shoes.
Spend quality time: Shared experiences foster deeper connections




5. Take risks: Step out of your comfort zone and try new things.

Stepping outside of your comfort zone can help you learn new things, gain confidence, and develop new skills. It can also lead to personal growth, a sense of accomplishment, and new opportunities.

Here are some ways to take risks and step out of your comfort zone:
Try a new hobby,
Get active in nature,
Read a challenging book,
Take on a fitness challenge,

6. Practice self-care: Take care of your physical and mental well-being.

7. Continuously learn: Expand your knowledge and skills to stay engaged and challenged.

How do you make sure that you continuously develop your knowledge and skills



6 Ways to Easily Develop Your Skills and Knowledge
Training Courses and Workshops. A tried and true method of learning is taking training courses and workshops. ...
Find a Mentor. ...
Online Resources. ...
Volunteering. ...
Video Content. ...
Webinars. ...
Final Thoughts




8. Find ways to give back: Contribute to your community or help others in need..

Life is too short to just pay bills and die.
Make the most of your time and create a life that is fulfilling and meaningful to you!


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