We all have a freedom point, and for each of us, that point is different. The financial freedom point of one person is completely different from the freedom point of another.
In this episode, Tim Scannell speaks about what he means when he says ‘freedom point’ and why it is important in retirement. Tim helps you understand why knowing your freedom point is important and some things that you might want to consider when you reach this point.
Tim discusses:
- How to understand what your freedom point is before you reach it
- Selling part of your business to an investor when you reach your freedom point
- What to expect if you sell a majority of your business at your freedom point
- Earn out as an option when you reach your freedom point
- And more
Related: Eight Things You Can Do To Turn Your Service Into A Product