4 Achieving financial freedom Flashcards
(28 cards)
How might life change after becoming financially free?
You may quit work, sleep in, or buy luxury items
However, these changes might not lead to a fulfilling life.
What did a successful investor express after achieving financial freedom?
‘Now what do I do?’
This reflects the loneliness that can accompany financial freedom.
True or False: Financial freedom guarantees happiness.
False
Financial freedom provides opportunities but does not ensure happiness.
What is the key takeaway from Steve’s investing tip?
Money assumes the character of the person using it.
What are the three passions Steve follows?
- Faith
- Family
- Fortune
What realization did Steve have about his faith?
He needed a relationship with God rather than just knowledge of Him.
What method did Steve learn for reading the Bible?
To study it rather than just read it.
How does Steve view his wealth?
As a responsibility rather than a right.
What is the purpose of the Bradley McKnight Foundation?
To support charities for children from disadvantaged backgrounds.
What significant donation does Steve make from his book royalties?
100% of the royalties go to the Bradley McKnight Foundation.
What challenges did Steve face when he and Dave parted ways?
Adjusting to life without Dave and managing a sudden change in property ownership.
What was the outcome of Steve and Dave’s amicable split?
They divided their business interests and remained friends.
What type of properties does Steve invest in now?
Larger investments such as rentals, subdivisions, and developments.
What is Steve’s estimated worth in property deals?
$13.5 million.
What is Steve’s focus for his future plans?
- Faith
- Family
- Fortune
What does Steve plan to do with his time and money?
Remain open to God’s guidance.
True or False: Steve believes making money is a gift.
True
He sees it as a means to give more.
Fill in the blank: ‘To whom much is given, _______ is required.’
much
What does financial freedom empower you to pursue?
Activities and causes you are most passionate about
Financial freedom itself does not guarantee happiness but provides the means to pursue what you love.
What should you not be afraid of according to the insights?
Money
Money is viewed as a tool to be managed responsibly, not as an idol.
What is essential to your success in business?
Having a good team around you
Teamwork with a common goal and open communication is vital.
How should you view most relationships and situations?
As temporary, for a season, not forever
Maximizing opportunities is crucial as circumstances change.
What does Jesus say about seeking?
‘Ask and it will be given to you; seek and you will find; knock and the door will be opened to you’
This encourages exploring faith and seeking relationships.
What is the focus of Part II of the book?
Property investing home truths
This section aims to provide detailed information about property investment.
