TIP689: My Journey into Financial Independence w/ Stig Brodersen

We Study Billionaires - The Investor’s Podcast Network

In today's episode, Stig Brodersen podcasts about his journey into financial freedom.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:45 - Why people overestimate what they can do in a year and underestimate what they can do in a year

05:14 - The tipping point for Stig

08:28 - Why most people don’t want to be financially independent.

11:58 - Why money can – sort of – buy you happiness

15:55 - How much money one needs to retire

17:00 - How to define financial independence

18:22 - Why you (maybe) need equity to achieve financial independence

21:56 - How to value private businesses

26:42 - What do you do when you reach your number? What is your why?

30:47 - Why you should have negotiables and non-negotiables

33:01 - How to avoid lifestyle creeps

37:34 - Why financial independence is a lonely journey

41:49 - Why the journey is the best part

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
• Stig’s blog post on his portfolio and track record since 2014.
• Stig and Clay’s podcast episode on Stig’s return since 2014 | Youtube Video.
• Check out the criteria of companies in the UK that Stig is interested in buying.
• Check out all the books mentioned and discussed in our podcast episodes here.
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