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The Declaration of [Financial] Independence part 1

Episode 34: The Declaration of [Financial] Independence part 1

In this new episode of The RevolutionFI Podcast, Tim talks about The Declaration of [Financial] Independence part 1.

“So, the question is this: How can 50+ folks like us, honest and hard-working, how do we manage our current responsibilities and still plan for retirement? 401ks alone won’t be enough and we don’t have 40 years to save, so how do we leverage our experience and wisdom to gain financial independence? That is the question, and this podcast will give you the answers. My name is Tim, and welcome to the Revolution. The RevolutionFI podcast.”

The Declaration of [Financial] Independence – https://revolutionfi.com/declaration/ 

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Music: Cool Rock by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/3552-cool-rock 

License: http://creativecommons.org/licenses/by/4.0/ 

TRANSCRIPT:

Happy Saturday to you. This is Tim, and you’re listening to the RevolutionFI Podcast at revolutionfi.com where you can grab your Solopreneur Formula Worksheet, absolutely free, and hopefully get started on your path to financial independence. Today, I’m going to be talking about The Declaration of Financial Independence. Now, this is something you can see on my website, and there’ll be a link in the show notes if you want to check it out. I thought what I would do is start by reading this declaration to you. This is something I wrote, something that I thought about for a long time, and hopefully it’ll resonate with you. Today I’m going to read it, and then tomorrow morning, we’re going to talk a little bit about it. So, here we go, The Declaration of Financial Independence.

The Declaration of [Financial] Independence

We’ve spent our entire careers dreaming about retirement, and we deserve it. Firebrands like us have dedicated our lives to igniting and inspiring passion in our children, wives, and colleagues—selflessly putting our loved ones first. Now it’s our turn.

But our retirement portfolio is a mess. If we even own a 401k. Most of us have less than $400 saved for an emergency. We’re nervously looking ahead at our career’s sunset and confirming all of those unspoken suspicions—we ain’t gonna have enough to afford the Applebee’s early bird special, let alone a condo in Florida with that arcade cabinet version of Pac-Man.

It’s not our fault. There was no such thing as the F.I.R.E. (“financial independence retire early”) movement when we graduated from college. We followed the advice of our fathers. “Work your ass off for the man, retire, and then cash your Social Security checks at 67.” Well, that’s not gonna cut it. Add in a sucker punch from the 08 recession and an economic uppercut thrown by the ‘Rona virus, and we’re royally screwed.

The F.I. (“financial independence”) Millennial influencers? Well-meaning, but they can’t help us. We’re not 27. We don’t have 40 years to save and scrimp toward a Silver Fox Country Club membership. Those Generation Y snowflakes aren’t paying for their kid’s college tuition. They don’t have a mortgage, a car payment, a debt consolidation loan, and four years of Christmas gifts compounding 19% interest on a maxed-out credit card.

We also understand that the Fed isn’t going to bail us out unless we’re an automaker or airline. They don’t want to bring attention to the fact that the daily non-stop from Poughkeepsie to Punta Gorda is more important than we are. The first rule of Flight Club is you don’t talk about Flight Club.

But we fear not. In the words of that Twisted poet and philosopher Dee Snyder, “We’re not gonna take it.”

We will no longer sit idly by, drowning in a sea of global economic instability. Firebrands like us have decided that now is the time to take charge of our situations, finances, and lives. We’re gathering our hard-earned skills, vast experience, and life lessons and using them to teach others what we know while eliminating our debt and padding our retirement accounts. We’re doing it without the condescending AARP mailers and the depressing Social Security statements, thank you very much.

Fire it up. Our time is now, fellow Slackers. We hold these truths to be self-evident…life, liberty, and the pursuit of financial independence.

We are the Firebrands!

Transcription by Otter.ai, please forgive the bot for typos and mistakes.
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