Podcast

From Active to Passive: How to Transition Your Career for Financial Freedom with Keith Blackborg

Written by Rory Gill | Sep 17, 2024 4:00:00 PM

In this episode of the Real Estate Law Podcast, we're thrilled to welcome Keith Blackborg, founder of Financial Journey, for an insightful conversation on achieving financial freedom. Keith has an impressive track record, having become a millionaire by the age of 30, and he’s now dedicated to helping business owners and professionals become "work optional" within 3-5 years through strategic wealth-building and tax planning.

Keith starts by sharing his personal journey, emphasizing the importance of early financial education and the power of building a supportive community around wealth-building. He addresses the common fears and shame people often feel about their finances and highlights how creating a safe, vulnerable environment for peer-to-peer learning can significantly impact one's financial trajectory.

This episode is packed with practical advice and inspiration for anyone looking to build sustainable wealth and gain more freedom in their lives. Keith’s holistic, community-driven approach offers a refreshing perspective that goes beyond the typical tactical focus of personal finance discussions.

Things we discussed in this episode:

    • Identifying career goals and financial strategies - transitioning from active to passive income streams.
    • Keith Blackborg's personal journey to becoming a millionaire by age 30 and his motivation to help others.
    • The importance of early education around wealth-building and entrepreneurship.
    • Keith's community for self-directed millionaires and the value of vulnerability and peer support.
    • Overcoming the fear and shame around personal finances through open dialogue.
    • Packaging a business for sale and optimizing real estate portfolios for wealth optimization.
    • The concept of "discounted rollovers" to move funds from traditional to Roth IRAs tax-efficiently.
    • Strategic tax loss harvesting and the benefits of self-directed retirement accounts.
    • Current investment opportunities in the stock market, real estate, and commodities like oil and gas.
    • Keith's upcoming "Passive Investor Event" and the value of attending industry conferences.

Get in touch with Keith:

Facebook - https://www.facebook.com/keith.blackborg

Instagram - https://www.instagram.com/borgka/

Website - https://www.financialjourney.life/

 

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