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In this annual wrap up for 2021 episode, I look at whether we have progressed to or strayed from being unconstrained in 2021. I review many aspects of freedom - money, thought & expression, travel and health. This episode is full of factual statistics that help you make some real sense of what is going on.
The round peg & the square hole the concept of amassing liquid capital and saving, living frugally, and having a nest egg as some magical method for a life of leisure, quitting the 9-5 workforce and retiring, seems to be the dream sold to all of us by the financial services industry. But it doesnt work in a world of inflation, out of control govt spending and an economy that only survives based on consumption. Yet this is the continual debate on whether this method works, particularly for those in the FIRE community.
Having gone through the adventures of buying rental real estate many decades ago, and now living a free and unconstrained life with no job because of it, I was interested to hear that Im not alone. Today on the show I am joined by Jac k Allweil who, at the age of 32, is well on his way to building his real estate empire, having purchased property creatively and in only 3 years time, he has 12 rental units, with a goal to purchase 100 in 5 years. I think youll enjoy hearing his story.
I told our Patreon subscribers about this, but it is now far enough along that I thought that it was time to share a personal story of a dream project. Partly because I wanted to invite you, the listeners, along on this journey but also because I want to demonstrate the adventures you can have if you are living an unconstrained life.
Following the COP26 summit in Glasgow, Scotland and it seems, particularly in Europe, that the only discussion on the table is about green energy. Look, I get it. We humans are a messy bunch and weve decided to burn sequestered fuel (fossil fuels) rather than take advantage of other energy sources. But are the solutions being discussed really the answer?
Today on the program I have a special treat for you. I have been trying to get Anthony Parent, the co-founder of IRS Medic law firm on the show. Anthony is an expert attorney on tax law, specifically with helping US persons who are either thinking about expatriation, expats, or those that find themselves accidentally falling foul of the US tax system. But what came out in this episode is an inside baseball view of the IRS, what being an attorney for his clients and dealing with the IRS is like, and just how this affects all of us. I think youll find this episode very special.
Often it makes me laugh how the macro economists, government advisors and banking experts pontificate on supply chain disruptions, unemployment rates and other statistical data as they pour over spreadsheets trying to find the reasons why things happen. But the answers are simple for this yet few people are willing to address the truth. Lets talk about this.
When people think about farming they typically think about growing food or animals for consumption. Whereas that is an important part of human survival, to be completely self-sufficient and sustainable in the 21st century, it takes more than that. In this episode Im going to delve into different aspects of farming and how you can do this yourself in the quest to regain control and your freedom back.
I realize that it takes time to build up wealth, but you gotta start somewhere. Although I had years of business experience before I bought my first rental property, none of that experience actually yielded real wealth. It wasnt until I spoke with another business owner I was friends with, and realized he bought his own commercial building that he operated in, that I realized the building was where the money was. Like McDonalds, it wasnt about the burgers. It was about the real estate. That began my start in rental real estate investing, and it worked out pretty good for me.
I was recently talking with a self-proclaimed personal finance coach, about being interviewed on his podcast. He wanted my input on how people who are in debt can deal with it. The interview didnt happen, because he thought my methods were unusual and wouldnt work for his audience. But it got me thinking who is this audience, and why the hell are they in debt in the first place. Then I realized it is 99% of the people in the USA, and it is no wonder they are in that position.
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