Financial Freedom: How to Achieve it with your Money
Your Money, Passive Income & Financial Freedom
Doing what you love is freedom, loving what you do is happiness.
We define being Financially Free with your Money when you get to the point that you have more passive income then your lifestyle expenses. This is the point where you can decide to never work again, but maintain your lifestyle indefinitely. There are many forms of passive income like being an entrepreneur with your own business, or having accumulated enough investment or real estate assets, all of which can pay you passive income.
At Intrepid Wealth Partners we believe you can achieve Financial Freedom with your money by first defining your Hopes, Dreams & Goals, and then leveraging financial education and the financial planning process to help you realize them. Starting with what truly is important to you, and using it to drive the rest of your planning, you have a higher likelihood of achieving financial freedom.
Define what Financial Freedom is for you.
Crystallize your Hopes, Dreams & Goals.
Collaborate with a CFP® professional to build & implement a financial plan that is designed with the following priorities in mind:
"Financial Planning May Lead to Better Outcomes"
See this study by Morningstar that shows how financial planning can lead to potentially more income.
This piece by Morningstar Investment Services LLC does a nice job of illustrating some specific ways financial planning can add 'Gamma', or value, to your financial situation, thus helping you build your bridge. What is 'Gamma"? Morningstar defines it as: "We present a concept that we call “Gamma” designed to quantify the additional value that can be achieved by an individual investor from making more intelligent financial planning decisions. We measure value through a certainty-equivalent utility-adjusted retirement income metric." Click here to see the full whitepaper on Gamma.
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