Ep. 153 - He Gave Away (over) $1 Million Before the Age 40 - Giving Away 44% of His Income This Year

Many people are familiar with the ‘FIRE’ movement. Fire stands for:   Financially Independent Retire Early   If you are a FIRE advocate, you are saving large amount of your income - 30, 40 or 50% (or greater). People on the outside can’t understand how you can save so much.   If you have a hard time understanding how someone could save 50% of their income, imagine someone giving half of their income away!   I’m doing to introduce you to Bob Lotich who is giving away 44% of his income.  He has given away over a million dollars by the time he turned 40. 04:03 One Year Sabbatical 06:15 The ‘Aha’ moments 10:15 How did it feel when you started giving? 19:04 At what point was 10% not enough for a tithe 22:45 What is your take on true financial freedom 25:18 How hard was it to increase the % you were giving each and every year? 27:08 How do you make your contributions automatic? 30:01 What is an example of a situation or a person that you are able to plant the seed of giving? 33:06 How do you encourage someone to start giving, even if they do not feel able? 34:50 What message do you hope readers will get out of your new book Simple Money Rich Life?   Resources: Simple Money Rich Life https://wealthhackerlabs.com/ask/   Check out my YouTube channel here. Follow me on Twitter and Instagram.