This weeks podcast is about Business and early FI
This is an important podcast as the more im getting into personal finance and investing – the more im seeing the benefits of business..
It is about the benefits of having a business or multiple business. One of the must read’s when it comes to money and personal development, is Rich Dad Poor Dad, by Robert Kiyosaki. This will help you understand money and personal finances from a concept point of view.
Like how he describes the Employee, Self-employed, Investor and Business quadrant. Basically, my understanding is that if you are on the Employee/Self-employed side of things you will work most of your life and be poor in retirement. At a property seminar a few years back, the host summed it up perfectly: “a job stands for just over broke and means you will work 40 hours per week for 40 years and then retire on 40% of your income.”
This is the way the school system sets us up and is very much industrial age thinking. Back in the day schools were designed to get the mass population ready for work in factories and heavy industry. Things have changed and the digital age is here … we have to move with the times despite an outdated schooling system …. Anyway off my soap box…
At DUFFMONEY we have been focusing on investing for the last 2-3 years. The intention is to get some very early FI (Financial Independence). Over the last few weeks, I have realised the importance of business in getting that early FI.
Disclaimer: this is not advice. This is information only.
DUFFMONEY and personal finance is a podcast for anyone looking to learn about money. And for anyone looking for plan B and some financial independence. Basically, you refuse to work until your 70 ish.
DUFFMONEY covers money mindset, lessons learned, investing fundamentals and property investing.
The aim is to help you to understand your relationship with money, learn to avoid common mistakes, get some financial literacy and head towards financial independence.
Hosted by me Peter Duffy, we get stuck into single shares, index investing, crypto assets, property investing and much more … to get into crypto you can buy at an exchange like coinbase - https://www.coinbase.com/join/duffy_80v ... if you join via this link you get £7.45 free in crypto and so will I ... then you get to do the same so everyone you introduce to coinbase you get free crypto they get free crypto - a win win!!
IF you like the sound of the DUFFMONEY podcast, please leave an honest review.
For a bit more of DUFFMONEY, you can find the DUFFMONEY blog @duffmoneyltd.co.uk. Or you can find me on most social media platforms.
DUFFMONEY is about raising financial awareness. We also have a book out all about money - 1st book.