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Double Your Freelancing Podcast, Episode 60: Todd Tresidder on Financial Independence


My guest today is Todd Tresidder, a former hedge fund manager and founder of FinancialMentor.com. He is a personal finance and investing expert coach who teaches how to grow wealth and reach financial independence. He emphasizes the importance of personal development and fulfillment in attaining the goal of financial freedom.

A self-made millionaire himself, Todd’s FinancialMentor.com programs provide a step-by-step blueprint for building wealth. Visit Todd at FinancialMentor.com for free resources, courses, financial coaching and advice.

Today’s topics include:

  • Conceptualizing the importance of retirement and making it a priority
  • The journey to financial freedom as a freelancer
  • Controlling expenses is important, but increasing your income is less limited
  • Adding value to yourself by being a revenue increaser, not an expense to your client
  • The goal is not just to be rich but to experience fulfillment and happiness
  • The Rule of 300/400: For every $1000/month you spend it takes $300,000-$400,000 dollars in assets to support that
  • The three classes of assets: business entrepreneurship, real estate, and stocks/bond/mutual funds
  • Building passive assets as revenue streams
  • Growing equity slowly instead of “getting rich quick”
  • Formula for wealth: Make more than you spend, and invest the difference wisely
  • People will pay for one thing, which is a solution to their problem.  
  • Formula for business: traffic x conversions = profit

With thanks to...

We'd like to take a moment and thank Freshbooks for supporting the Double Your Freelancing podcast.

So you’re racing against the clock to wrap up 3 projects, prepping for a meeting later in the afternoon all while trying to tackle a mountain of paperwork. Welcome to life as a freelancer.

Challenging? Yes, but our friends at FreshBooks believe the rewards are so worth it.

The working world has changed. With the growth of the internet there’s never been more opportunities for the self-­employed. To meet this need, FreshBooks is excited to announce the launch of an all new version of their cloud accounting software! It’s been redesigned from the ground up and custom built for exactly the way you work. Get ready for the simplest way to be more productive, organized, and most importantly get paid quickly.

The all new FreshBooks is not only ridiculously easy to use, it’s also packed full of powerful features:

    ­
  • Create and send professional looking invoices in less than 30 seconds.
  • Set up online payments with just a couple of clicks and get paid up to 4 days faster.
  • See when your client has seen your invoice, and put an end to the guessing games.

FreshBooks is offering a 30 day, unrestricted free trial to Double Your Freelancing podcast listeners. To claim your 30 day free trial, just go to http://FreshBooks.com/double ​and enter DOUBLE YOUR FREELANCING in the “How Did You Hear About Us?” section.

Our thanks to Freshbooks for helping support the Double Your Freelancing podcast.

Resources and links:

FinancialMentor.com

How to Design Your Life to Create Financial Independence

52 Weeks to Financial Freedom

Twitter @financialmentor

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