The OBL Journey in a Nutshell
Download the PDF file here and start your financial freedom journey:
Daily Requirement: Invest in yourself first – your health and your knowledge. Invest in your financial education EVERYDAY through books, podcasts, YouTube, blogs, and websites.
□ 1. Identify your fuel and desire. Why do you want to start this journey? Print it or put it in your phone & look at it every day.
□ 2. Define where you are & where you want to be. Put it in a timeline.
□ 3. Reduce expenses by getting rid of everything that does not really have meaning to you nor make you happy.
□ 4. Pay off all high interest debt (>7%) first.
□ 5. Save 3-12 months of emergency savings.
□ 6. Pay off low interest debt that you are not comfortable having.
□ 7. Start a business and/or keep your job:
Option A: Start a business or side hustle that you are passionate about with the goal of it becoming your primary income stream
Option B: Continue working for a job that you already love
Option C: Continue working for a job that you don’t really like, since you will have to for now
Option D: A combination of the above
□ 8. Set up your foundation by investing for monthly cashflow. This is money coming in every month, which should take up only a minimal amount of your time. The goal is to eventually use this as a baseline to pay for all your lifestyle expenses.
Option A: Dividend paying stocks
Option B: Real estate – buy and hold rental properties
Option C: both
□ 9. Set up your time machine
Invest in well-researched, undervalued, individual assets with strong fundamentals that will grow within 1-10 years
Option A: Individual growth stocks
Option B: Undervalued speculative assets
Option C: Cryptocurrency
Option D: Your own business that you are passionate about
Option E: All of the above
□ 10. Balance your time machine and your foundation. Reallocate assets from your time machine to your foundation as you grow and/or as preferred. As your monthly cashflow increases, more options will open:
Option A: Continue working on a job that you love
Option B: Invest more time in your business that you love
Option C: Consider working part time
Option D: Quit your job that you don’t really like and find a job that you love
Option E: Quit altogether and let your assets pay for everything
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