The Purposeful Wealth Podcast

Achieving Financial Independence

September 15, 2021 Jonathan Gibson Season 1 Episode 18
The Purposeful Wealth Podcast
Achieving Financial Independence
Show Notes Transcript

Welcome to Episode 18 of the Purposeful Wealth Podcast.

In this episode, Jonathan Gibson talks about achieving financial independence. Some of the topics covered include: defining what financial independence means to each individual and their family; the importance of vision, planning and discipline; and being less anxious about tomorrow instead of chasing the white rabbit when there's snow!

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This podcast is hosted by Jonathan Gibson, the Managing Director of Wells Gibson Limited. He is a Chartered Financial Planner, Certified Financial Planner Professional and Chartered Wealth Manager.

Jonathan Gibson is also the author of the book "Purposeful Wealth - How to bring Clarity, Contentment and Certainty to your Financial Life."


To get in touch with Jonathan, find him online:

 LinkedIn

Website

Find all our useful links on our LinkTree - https://linktr.ee/jonathangibson

And why not visit us at: https://www.wellsgibson.uk/

And get a copy of the book, Purposeful Wealth here: https://www.amazon.co.uk/Purposeful-Wealth-Contentment-Certainty-Financial/dp/B08T42FNGM

Achieving Financial Independence… 

Financial independence is the main goal for most practice owner professionals, business owners and company executives we encounter, however, reaching that goal can feel akin to chasing the white rabbit.

We define financial independence as having enough money to meet your desired lifestyle and financial goals, without having to rely on income from your practice, business or employment – financial independence does not mean retirement though, as many people find real purpose in their work and prefer to work on…  

It’s so important you take time to determine specifically what financial independence means to you and your family.  For instance, is it being mortgage-free?  Is it ensuring you can meet the cost of your child’s further education and providing a deposit for their first property?  Perhaps, for you, it’s being able to retire early and travel the world?    

Achieving and maintaining financial independence requires vision, planning and discipline.  Incidentally, for practice owner professionals and business owners, I would suggest the goal ought to be to achieve financial independence without relying on the sale of your practice / business. 

Defining precisely what you want to achieve is like seeing the white rabbit for the first time.  It means you can focus on getting to grips with your current financial situation (see our article, I Know it’s Important, But Where Do I Start: Getting Financially Well-Organised here).  With a detailed picture of your desired lifestyle and financial goals and a thorough knowledge of your current finances, you can start your journey down the rabbit hole. 

Although planning your financial life sounds simple, it can be overwhelming, therefore by working with a professional wealth planner to create your own tailored wealth plan, you will be able to visualise what your financial future could look like; be less anxious about tomorrow; and know you can secure all that you value – we call it clarity, contentment and certainty. 

At Wells Gibson, we use years of experience and expertise to help our clients achieve and maintain financial independence by building authentic investment portfolios and executing wise financial strategies in areas such as cashflow and budgeting, risk and tax.   

Do you want to become financially independent?  Contact us.