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Ep. 201: #1 Reason Why You Haven’t Achieved Financial Freedom
In this episode of Your Money Your Life, we explore the concepts of financial freedom and financial security, highlighting the differences between the two. You’ll learn why most people aren’t actually looking for financial freedom but rather financial security. I share insightful strategies to create financial security in 2025, moving beyond the outdated idea of simply having six months’ expenses in a savings account.
Plus, I introduce my financial security calculator, currently on sale, as a tool to help assess your financial security in today’s modern era.
LISTEN OR SUBSCRIBE FOR FREE IN YOUR FAVORITE PODCAST APP:
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Resources:
- Financial Security Calculator – https://aimeecerka.com/calculator – limited time sale apply coupon code April25 at checkout
- The Unstoppable Experience – https://aimeecerka.com/unstoppable
- Instagram – https://instagram.com/aimeecerka
Podcast Key Points
- 00:00 – Financial Freedom vs. Security
- 03:39 – Defining Passive vs. Active Income
- 08:22 – Smart Cash Reserve Strategy
- 10:43 – Financial Confidence and Preparedness
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Understanding Financial Freedom vs. Financial Security
Are you working towards this idea of financial freedom? You wanna create financial freedom. For most of us, what I see is you’re actually looking to create financial security. Today, we’re gonna talk about what it means, the difference between the two, financial freedom and financial security, and what it actually means to create financial security in 2025. Plus, if you’re listening to this episode, when it goes live, there is a flash sale on my financial security calculator.
Introducing the Financial Security Calculator
Welcome back to the Your Money in Your Life podcast. I’m your host, Aimee Cerka. Today, we are talking about financial freedom versus financial security, which one you’re actually looking for, and how to actually create financial security in 2025. Gone are the days where you just stick six months’ worth of expenses in a savings account and call it good. I know there are gurus out there that are still teaching that.
The Reality of Financial Security in 2025
If you’re listening to this live, my financial security calculator shows you how secure you are. It’s a quick, easy way to see how financially secure you actually are. It gives you peace of mind knowing what’s taken care of. This is a lot of what we talked about last week with emotions and managing things. When you can calmly reassure yourself, you’re going to feel better about things.
Defining Financial Freedom
So what is the difference between financial freedom and financial security, and which one is it that you actually wanna achieve? Financial freedom is when you have enough passive income every single month that covers all of your expenses and a little bit more. Passive income is passive, meaning it’s not taking your time. This is not the business that you’re actively building if you’re spending more than forty-five minutes a week.
The Need for Financial Security
For a lot of us, we’re looking for financial security. Financial security is knowing exactly what would happen if something happened to your income tomorrow. It’s about having the confidence knowing that you’re prepared for whatever life throws at you. This is why the traditional idea of an emergency fund was created. However, I don’t tell you to create an emergency fund; I call it a contingency fund.
Building a Contingency Fund
So yes, at a minimum, having a thousand dollars in a contingency fund is smart. Setting aside three to six months’ worth of expenses in this fund is not as smart. We don’t want it just sitting in a bank account. The US dollar is a fiat currency, meaning there’s nothing giving it value except for the fact that they say so. So what do we do instead?
Strategies for Financial Security
The first tier involves cash on hand, parked in a savings or checking account. The second tier involves leveraging assets like gold and silver, cash value in a life insurance plan, or the stock market. These are marketed assets. If something happened to your income, you could leverage these for financial security. The third tier includes long-term assets like rental properties and jewelry.
The Benefits of a Financial Security Calculator
The financial security calculator shows you how protected you are in each category. It breaks down what you want to have and gives you peace of mind knowing your family’s taken care of. You’re not worried about what’s in the bank account because you know that you’ve got this. There’s such peace of mind in being able to take care of your family.
Conclusion and Invitation
That’s what financial security is. Knowing you can take care of your family and having peace of mind is what most of us are looking for. If you wanna grab the financial security calculator for 2025, it’s available at aimeecerka.com/calculator. Check the show notes for the coupon code. If you’ve got questions, my inbox is open. See you next time!
