In Episode 1 of the Inspired Money Podcast's live stream series, “Financial Freedom Unleashed,” hosted by Andy Wang and produced by Bradley Jon Eaglefeather, a panel of financial experts—Jordan Grumet, Dr. Lakisha L. Simmons, and Mariko Gordon—shared their wisdom on the journey to financial independence. The segment, aptly titled “The Journey to Financial Independence,” delved into the nuances of financial freedom, mindset, and values. Here are the key takeaways from this enlightening segment.
LEp 1 – Segment 1: Inspired Money Live – Financial Freedom Unleashed
The Bridge Between Financial Reality and Intentionality
Mariko, an expert in women's finances, emphasized the need for a bridge between one's financial reality and their life goals. She pointed out that chasing money for its own sake lacks soulful connection and intentionality. Mariko advocates for a reality-based approach that aligns financial stewardship with life stewardship.
The Evolution of the FIRE Movement
The Financial Independence Retire Early (FIRE) movement has evolved over time. Initially, it was about accumulating as much money as possible to retire early. However, the panelists agreed that the movement has matured to include various forms of FIRE like Coast FIRE and Slo-FIRE, which focus on building intentionality and purpose into one's financial journey from the get-go.
Financial Freedom vs. Early Retirement
The panelists distinguished between financial freedom and early retirement. Financial freedom is about having choices and the ability to live life on your terms. Early retirement, on the other hand, is just one path to achieving this freedom. The key is to focus on what having money allows you to do, rather than seeing it as an end goal.
The conversation also touched on the importance of mindset. Many people believe that financial independence is unattainable for them because they lack certain qualifications or resources. However, as Dr. G and Dr. Keisha pointed out, mindset plays a crucial role in achieving financial goals. Your beliefs about what is possible for you can either propel you forward or hold you back.
Aligning Spending with Values
One of the most poignant moments came when the discussion turned to values. The panelists urged listeners to reassess their spending habits to ensure they align with their core values. By doing so, sacrifices won't feel like sacrifices, and financial goals become easier to achieve.
The segment “The Journey to Financial Independence” from Episode 1 of the Inspired Money Podcast's live stream series, “Financial Freedom Unleashed,” provided a rich tapestry of insights and perspectives. The conversation wasn't just about accumulating wealth; it was about doing so in a way that aligns with your life's purpose and goals. As you embark on your journey to financial independence, let the wisdom of Jordan Grumet, Dr. Lakisha L. Simmons, and Mariko Gordon be your guiding stars.
by Story Alchemist – Stella Knight (Creative Collaborative Media Design by EaglesVision).
Meet Our Esteemed Guest Panelists:
Jordan Grumet, aka Doc G
From internal medicine physician to financial independence expert, Jordan Grumet has a multifaceted journey that showcases his dedication to empowering others. He is currently an associate medical director at Journeycare Hospice and the host of the Earn & Invest podcast.
Dr. Lakisha L. Simmons, The AchieveHer®
Dr. Simmons is a retired financial guru and single mom who retired at 41 years old. She is the founder of BRAVE Consulting and has touched thousands of women's lives through her platform, AchieveHer. Her story of overcoming obstacles and achieving financial independence is an inspiring testament to her grit and determination.
Mariko Gordon built $2.5 billion money management firm Daruma Capital Management, specializing in small-cap investments. After 30 years of analyzing companies, speaking to management teams, studying competitive landscapes, and taking apart business models, she helps people to run their businesses, finances and lives on their own terms.
Join us for this enlightening episode as we unleash the secrets to financial freedom. Whether you're a seasoned investor or just starting your journey, this episode offers valuable insights that can help you achieve your financial goals.
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