Here are top five takeaways from this episode:
1. It’s crucial to define what financial freedom means to you. Take the time to reflect on your values, priorities, and goals. Don’t just follow advice blindly, but create a plan that aligns with your unique vision.
2. Building financial freedom requires taking action and being proactive. Don’t wait for opportunities to come to you, but try out different income streams, products, and marketing strategies until you find what works for your situation.
3. Sustainability is key. It’s tempting to aim for short-term financial gains, but in the long run, having a stable, predictable income is much more valuable. Focus on creating a business that will last, not just one that makes a quick buck.
4. Saying “it is what it is” can be dangerous. While acceptance is important, you don’t want to feel stuck or hopeless. Recognize when change is possible and desirable, and then take action to make it happen.
5. Freedom is a multifaceted concept. It’s not just about having a lot of money, but about having control over your time, energy, and relationships. Prioritise doing work that you love, treating yourself with kindness, and cultivating a support system that will help you achieve your goals.
Passive income can be a great way to contribute to your vision of financial freedom. If you want to learn how to leverage passive income in your teaching business you can’t miss my free event 26-27/06/2023 ‘Mission: Passive Income’. Sign up here!
[00:02:41] Desire for more despite gratitude, potential for desperation.
[00:07:16] Work with respectful clients for growth, not just to meet basic needs. Don’t fall into feast and famine cycle.
[00:08:45] Prioritise self-care to ensure business success and create conditions for future unforeseen circumstances. Proactivity is crucial for sustainable business growth.
[00:15:14] Money doesn’t equal happiness. Priorities vary. Richness can mean freedom. Teachers value freedom from certain limitations. Think about what freedom means to you.
[00:17:28] Achievable and sustainable goals prioritising personal fulfilment over financial gain. Opposed to societal norms.
[00:19:51] Free event on passive income, creates financial cushion, offers control over time and money. Invitation to signature course, The Rocket.
Thanks for tuning into the Get Richer Teacher Podcast! If you enjoyed today’s episode, head over to Apple Podcasts to subscribe, rate, and leave your honest review. Connect with me on Instagram, visit my website for even more detailed strategies, and be sure to share your favourite episodes on social media. Get your free 10 ways to find students for your language classes here.
Now, it’s time to go get richer, teacher!