Freedom First

Freedom First

by Matthew Klan
Released March 2020
Publisher(s): Wiley
ISBN: 9780730381679

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Book description

True freedom is within your grasp with this powerful wealth creation strategy.

Freedom First challenges you to rethink your ideas about how to become financially free. Drawing on historical financial insights as old as Confucius, as well as lessons gleaned from modern psychology and economics, this book explores a counterintuitive approach to wealth creation: if you want to become financially free, you need to become free first.

Author Matthew Klan walked away from his professional career and the promise of financial security in the pursuit of freedom. Now a self-made millionaire, Klan reveals his two-part wealth-building principle, and shares stories of others who have harnessed the power of getting free first. This book will enable you to:

  • Learn the counterintuitive financial insights of the rich
  • Understand the traps of not being free: Dependence trap, Debt trap, Income trap
  • Learn how to free yourself from what is holding you back
  • Free up time and energy to unlock your full creative potential
  • Adopt a growth mindset and go beyond the traditional ’passive income‘  approach

Whether you’re a millennial or retiree, this book will teach you the wealth generation secrets of the rich and enable you to become financially free now.

Table of contents

  1. Cover
  2. Introduction
  3. Prologue
  4. Part I Putting freedom first
    1. Chapter 1 The primacy of values
      1. The Okinawans’ secret
      2. Beliefs
      3. Values come before beliefs
      4. What are values?
    2. Chapter 2 Is it our family’s fault we aren’t rich?
      1. Three generations of wealth
      2. The arc
    3. Chapter 3 We can choose what we value
      1. Turning the pyramid on its head
      2. Hierarchy of values
    4. Chapter 4 Dominant Values
      1. There is more than one path to riches
      2. The different paths of different values
    5. Chapter 5 The path of freedom
      1. The importance of motivation
      2. The polarity of short-term goals
      3. Put your pain behind you
      4. Freedom, the perfect motivator
    6. Chapter 6 Putting freedom first
      1. Identifying your hierarchy
      2. Start valuing freedom
      3. It’s amazing how much the status of being a homeowner can cost you
      4. The status ladder
      5. Status, property and tax
      6. Status through freedom
  5. Part II The traps that come from not being free
    1. Chapter 7 The Dependence Trap
      1. You can be free of dependence on a boss long before you are free of a boss
      2. Helping your kids may be hurting them
      3. Other people helping their kids can affect you
      4. The retirement pension trap
      5. There is more to dependence than you think
      6. Platform dependence
      7. Dependence, independence, interdependence
    2. Chapter 8 The Debt Trap
      1. The illusion of stability at one of the most unstable times in history
      2. The end of passive growth?
      3. Four levels of recovering from dependence on debt and ‘addiction to assets’
      4. Getting free of debt
      5. Escaping versus getting free
    3. Chapter 9 The Income Trap
      1. Income is evolutionarily novel
      2. Income encourages its own consumption
      3. Money as an input as well as an output
      4. Job versus small business
      5. The Income Trap affects how we invest
      6. The Income Trap affects why we invest
    4. Chapter 10 Growth, cycles and the econosystem
      1. The Freedom First Wealth Creation Formula
      2. Cycles
      3. Seeing cycles can make you rich
      4. Growth
  6. Part III Getting free first
    1. Chapter 11 Free from the short term
      1. Specialise so you can systemise
      2. Systemise your savings
    2. Chapter 12 Freedom is having more choices
      1. You are a business already
    3. Chapter 13 Buy back your time so you can buy back more time
      1. The power of growth: Freedom Escape Velocity
    4. Chapter 14 Get free, so you can get freer
      1. Freedom Quadrant activities
      2. Quadrant 2 is the Freedom Quadrant
    5. Chapter 15 Pulling the levers
    6. Chapter 16 Free from tax
      1. Tax secrets of the rich
      2. Tax: thinking in two dimensions
      3. Tax: thinking in three dimensions
      4. Income versus growth
      5. Turning income into growth
    7. Chapter 17 Free to grow
      1. Working on growth: building assets within assets
    8. Chapter 18 The path of Freedom First
    9. Chapter 19 Free minds create
  7. Index
  8. End User License Agreement

Product information

  • Title: Freedom First
  • Author(s): Matthew Klan
  • Release date: March 2020
  • Publisher(s): Wiley
  • ISBN: 9780730381679