Show notes
In this episode, Tom shares his thoughts on the Netflix documentary “Get Smart with Money.” This documentary talks about the basic fundamentals on personal finance but still focuses on the cookie cutter type of finance rather than thinking outside the box to create financial freedom and control most desire. Listen in to hear Tom talk through the positives and negatives of conditional thinking around finance. Highlights 00:47 The importance of continuous learning, avoiding "arrivals syndrome," and the effect of financial anxiety 01:14 The lack of financial literacy in our school systems and the prevalence of financial anxiety among adults 02:37 Impact of financial stress on other aspects of life 07:20 Importance of investing in things you understand and have control over. 10:41 The second case study of a young family working towards financial independence and early retirement 11:48 Discussing the FIRE movement (Financially Independent, Retire Early) and the importance of producing value throughout life 14:37 The third case study about a young couple struggling with credit card and student loan debt 18:15 Case study of a young woman in the service industry, not feeling fulfilled, and relating her situation to financial aspects 18:55 Exploring alternative ways to build wealth aligned with passions 20:06 Creating cash flow and saving money by investing in your own business and expertise 21:17 The emotional pull of not having financial direction and the young woman's process of building a successful life and business. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify
