How to Make Your Job Optional: The Freedom Profile | MovEng
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Ali Abdaal explains the freedom profile matrix, the relationship between income and assets, and practical trade-offs involved in employment, business ownership, and financial independence.
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This video is all about how to so that you can quit if you want, you can go part-time if you want.
But at least you know that you don't need the job to , which is the most freeing feeling in the world.
I'm back when I had a real job, when I was single and had no kids.
Ideally, our income needs to needs to be greater than our expenses, otherwise we , and that is not good.
You could .
I would like to sustain a certain level of like monthly expenditure to sustain my lifestyle and travel the world and live in a nice place and .
Ideally, I don't want to have to go to work in order to those expenses.
All right, here's the thing: here is my .
Most people say that's a .
He gets to be by these fancy hedge fund managers.
I think every job or every method of generating income, you can kind of what I call the freedom profile.
Now, these are not like .
If you imagine , how would you rate the fun of your job out of 10?
He is not looking to change anything about his setup because he's got these four F's, and they're sort of high .
The because he's competing against China and Vietnam and India and Bangladesh.
It's not like starting your own business is this for fun, flexibility, fulfillment, and finances all across the board all in day one.
There's still a little bit of a .
There is a a third way of generating income, which is , which everyone loves the idea of.
Obviously, you are generating passive income from the on that house.
Let's say you bought some stocks and shares and they are generating dividends and/or growing in their in a over time.
Assets are things that .
Your work gives you income. You use that income to .
Humans need work to .
So, for example, a lot of authors, successful authors .
You don't need to have already or be officially financially free in order to find work that you would choose to do anyway.
And so it's just like a nice that works.
You are contracting your time to the , i.e. your employer.
If the business crumbles, then my employees still get paid; I'll be the one who .
So, you know, it's not like it's a or whatever the word is.
You far more so than when you're an employee.
The thing I miss most about having a real job when I was working as a doctor is that I could genuinely when I got home.
These are not things that like a box on your calendar.
You're probably the sort of person who probably should start a business, even if the only reason to do so is so that you don't like .
Cuz like , it doesn't work out.
And probably you are not .
Like you should , right?
So what we shouldn't do I think is to and say all forms of online education are a scam.
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