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174 How much money do I need to stop working?

174 How much money do I need to stop working?

March 10, 20213 min read

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Do you dream of having the freedom to choose IF you want to work, or if you don’t? Or in fact to simply CHOOSE the work you DO want to do? In order to do this, the first question you need to ask yourself is, ‘How much money do I need to stop working?’ 

The answer to this number really does depend on many things, but in this week’s episode are three steps that will point you in the right direction.

Show Notes

  • [02.03] So, how much do you need?

  • [02.43] Step 1: Monthly and Annual Expenses

  • [05.12] Step 2: Check against The expense most people don’t tell you about

  •  [07.06] Step 3: Quick sum

  • [08.08] What happens if you’re very far off?

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Quotes

"That’s what financial freedom gives you. It’s CHOICE." - Lisa Linfield

"If you want to make sure that you’re not a burden to your children, do one quick check – make sure that the frail care cost is not more than your annual expenses right now." - Lisa Linfield

"Money needs time to grow." - Lisa Linfield

"Consistently invest as much money as you can, over a long period of time, and make sure that you manage that money God gives you wisely." - Lisa Linfield

Script:

How much money do I need to stop working?

 

Do you dream of having the freedom to choose IF you want to work, or if you don’t? Or in fact to simply CHOOSE the work you DO want to do? In order to do this, the first question you need to ask yourself is, ‘How much money do I need to stop working?’

The answer to this number really does depend on many things, but in this week’s episode are three steps that will point you in the right direction.

Would you like the freedom to choose to stop working? Or to choose the work you WANT to do? To get to that point you have to ask yourself, ‘How much money do I need to stop working?’

 

The answer to this number really does depend on many things, but in this week’s episode are three steps that will point you in the right direction.

Listen to the episode on www.workingwomenswealth.com/174

So How much do you need?

 

Step 1:  Monthly and Annual Expenses

Step 2: Check against The expense most people don’t tell you about

 Step 3: Quick sum

What happens if you’re very far off?

If you want to make sure you’re not a burden to your children, do one quick check – make sure that frail care doesn’t cost more per year than your expenses now.

Money needs time to grow.

Consistently invest as much as you can, over a long period of time, and manage the money God gives you wisely. 

If you want to learn more about the 6 things you need to invest, please head to workingwomenswealth.com and get the free download now!

Lisa LinfieldChristian MoneyPodcaststop workingsaveingsinvestmanaging money
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Lisa Linfield

Lisa Linfield is on a God-given mission to free 1 million women from the weight and stress of money. She's a CFP, founder of a wealth management business, and podcast host of Working Women's Wealth

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