Summary of Rob Berger's Retire Before Mom and Dad

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 The world has blinded us from the truth about money and happiness. In the movie The Matrix, the illusion that the world was normal was created by the Matrix. In our world, the deception we’ve come to believe about money and happiness comes from many sources.
#2 The world tells us that the average person can’t achieve Financial Freedom. Unless you make a six-figure salary, are born into money, or win the lottery, you can forget about becoming a millionaire or attaining Financial Freedom.
#3 If we believe Lie #2, we don’t see Financial Freedom as a goal worth pursuing. We’ll never reach the goal, and we’ll be too old to enjoy it once we do. But Lie #2 doesn’t see Financial Freedom as a destination decades away. It sees it as a journey that can begin very early on.
#4 The world tells us that true happiness is expensive. The American dream requires a big house, two fancy cars, and world travel. Without this stuff, we’re not living life to the fullest.

Sujets

• Investment
• Personal finance

Informations

• Publié par: Everest Media LLC
• Date de parution: 06 avril 2022
• Nombre de lectures: 0
• EAN13: 9781669380443
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Rob Berger's Retire Before Mom and Dad
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7 Insights from Chapter 8
Insights from Chapter 1

#1

The world has blinded us from the truth about money and happiness. In the movie The Matrix, the illusion that the world was normal was created by the Matrix. In our world, the deception we’ve come to believe about money and happiness comes from many sources.

#2

The world tells us that the average person can’t achieve Financial Freedom. Unless you make a six-figure salary, are born into money, or win the lottery, you can forget about becoming a millionaire or attaining Financial Freedom.

#3

If we believe Lie #2, we don’t see Financial Freedom as a goal worth pursuing. We’ll never reach the goal, and we’ll be too old to enjoy it once we do. But Lie #2 doesn’t see Financial Freedom as a destination decades away. It sees it as a journey that can begin very early on.

#4

The world tells us that true happiness is expensive. The American dream requires a big house, two fancy cars, and world travel. Without this stuff, we’re not living life to the fullest.

#5

The world tells us that investing is complicated, confusing, risky, and scary. The investing world uses jargon that we don’t understand. How can we possibly be expected to make good investing decisions.

#6

The Five Lies are: that we can never achieve Financial Freedom on our salary, that we don’t want to sacrifice our happiness now in the hopes of retiring in 40 years, and that happiness requires us to spend lots of money.

#7

We all have a baseline of happiness. Positive events like getting a raise or buying a new car may temporarily increase our level of happiness, but we'll eventually return to our baseline.

#8

The red pill is the truth, and it will open your eyes to a world of Financial Freedom you’ve never imagined. Are you ready to take the red pill.
Insights from Chapter 2

#1

The Money Multiplier is every Freedom Fighter’s superpower. With it, you can accumulate what I call your Freedom Fund. Your Freedom Fund is the money you’ll need to fund your lifestyle. It can, if you want it to, replace your job.

#2

In Part 2, we learn how to use the Money Multiplier to achieve Financial Freedom. We first look at what Financial Freedom is and isn’t. Then we dive into how anyone can achieve it with the help of the Money Multiplier.

#3

Part 3 is where the rubber meets the road. It’s here that I show you how small changes in your daily living and spending can help you toward Financial Freedom.

#4

In Part 4, we cover investing. This is critical to the Money Multiplier. If you're nervous about investing, take a deep breath. We'll debunk a common myth that investing is complicated. We'll also offer some excellent resources that can help you along the way.

#5

The most common obstacle to reaching Financial Freedom is debt. You may have student loans, a car payment, and/or credit card debt. How do you manage this debt while still working toward Financial Freedom.
Insights from Chapter 3

#1

Your child’s journey may make you jealous. However, you should prepare yourself emotionally for this eventuality. The strategies in this book can help you retire early if you have very little saved or even nothing at all.
Insights from Chapter 4

#1

We have a choice when a dollar passes through our hands: we can spend it or put it to work. Spending money is necessary, but we can also put our dollars to work and attract more of them.