Money Insights - Craft Your Legacy

The Real Meaning of Financial Freedom: Balancing Time and Wealth


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In this episode of the  Money Insights podcast, host Jesse Scroggins dives into the concept of financial freedom, offering a fresh perspective on the balance between time and money. While financial freedom is often viewed through the lens of achieving a specific net worth or retirement goal, Jesse shares a personal story about how his wife sees it differently—defining it as the freedom to spend time on what matters most. This contrast between financial security and time freedom opens the door to a broader conversation about aligning personal values with financial goals.

Jesse breaks down common misconceptions, explaining how many people either chase a number or focus solely on time, often neglecting the necessary balance between both. He shares compelling stories, such as the man who accumulated wealth but had no time left to enjoy it, and another who enjoyed his free time but lacked financial security. These examples highlight the importance of striking the right balance for true financial freedom.

Drawing on Proverbs 21:5, Jesse emphasizes the value of diligent planning, suggesting that the path to financial freedom begins with asking important questions: How do you want to spend your time? What kind of lifestyle do you want? Jesse encourages listeners to create a financial plan that supports their vision, rather than just chasing a number. Whether you’re a client of Jesse’s team or just reflecting on your own financial journey, this episode offers practical advice, actionable steps, and thought-provoking insights into the psychology of money and financial planning.

Listeners will walk away with a deeper understanding of how to align their financial plans with their values, and a reminder that financial security is not a number—it’s a feeling. Join Jesse Scroggins on this insightful journey toward living your great story and crafting a lasting legacy.

“If you focus too much on money, it can lead to burnout; if you focus only on time, you might lack financial security.”

Key Takeaways:

  • Misalignment of Values

  • The Importance of Balance

  • Reflection and Planning

  • Long-Term Financial Plans

  • Learn more about Jesse Scroggins through the following links:

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    Money Insights - Craft Your LegacyBy Jesse Scroggins