TIP689: My journey into financial independence w/ Stig Brodersen

In today's episode, Stig Brodersen podcasts about his journey into financial freedom.  IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:45 - Why people overestimate what they can do in a year and underestimate what they can do in a year 05:14 - The tipping point for Stig 08:28 - Why most people don’t want to be financially independent.  11:58 - Why money can – sort of – buy you happiness 15:55 - How much money one needs to retire 17:00 - How to define financial independence 18:22 - Why you (maybe) need equity to achieve financial independence 21:56 - How to value private businesses  26:42 - What do you do when you reach your number? What is your why?  30:47 - Why you should have negotiables and non-negotiables  33:01 - How to avoid lifestyle creeps 37:34 - Why financial independence is a lonely journey 41:49 - Why the journey is the best part Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Stig’s blog post on his portfolio and track record since 2014. Stig and Clay’s podcast episode on Stig’s return since 2014 | Youtube Video. Check out the criteria of companies in the UK that Stig is interested in buying.  Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm