Nov 1, 2021
Hello and welcome to another episode of the Marina Perry Podcast! This week, Todd Polke discusses personal entrepreneurship and financial sovereignty. Freedom is our birthright, and when we're born into society, we give up a lot of our freedoms to fit into that society. Financial sovereignty comes down to privacy, control, and safety, and when you seek sovereignty, you are taking that freedom back. If we succeed, we have the opportunity to create a different reality without anything wanting us to stay in line.
Feeling safe in your finances can look different to everyone, and when your income is outside your control or private, there's not any way for you to feel safe. Every person is running a personal wealth business, which is figuring out how to take income from different areas and invest it into a diverse and sustainable portfolio that delivers month in and month out. Unfortunately, most people don't implement everything they need to get the results they're looking for, and they need to focus on raising financial intelligence to make better quality financial decisions. That way, they can install a more effective personal finance system.
There is never a perfect time to get started, and so many people buy into the idea that they need to wait until "the right time" to build their finances and personal wealth. As a result, they end up sitting on the plan for years and never take any action. Todd encourages you to take personal responsibility because you can move forward and step up to the plate the moment you leave those excuses behind. We can't let ourselves get stuck in the loop, so the next step is to focus on habits and form actionable plans.
Everyone has the potential to take back their finances, and when your money is in the bank, it's not your money. The bank has it and is allowing you to use it. When you factor in inflation as well, your money is losing value while it sits there. So even though you feel secure leaving it in the bank, it's not working nearly as hard as it could be.
It's important to remember that there's not a one-size-fits-all approach, so setting your pillars to determine your strategy is key. Every single person can take back their freedom and create financial sovereignty. All it needs is you taking that first step, so don't wait.
What You Will Learn: