1. EachPod

Financial Freedom or Financial Complications

Author
financialdna
Published
Mon 21 May 2007
Episode Link
https://www.podomatic.com/podcasts/financialdna/episodes/2007-05-21T16_51_00-07_00

One of the financial advisors in a group asked me whether everyone would go through Financial DNA. The answer is potentially yes. We have had people with very little wealth and some with over $1billion go through the process, and all of them have been greatly liberated by the personal knowledge they have gained.

This triggered the response from one of them, "Well if I was super wealthy I wouldn't bother, I would be out of here. I would have my financial freedom". Such a comment raises many questions and issues which cannot all be addressed right now. But my response was: "Well do you really have financial freedom with super wealth?". Many wealthy people are in actual fact prisoners of their wealth. It brings a whole new set of financial complications, let alone the personal issues. I mentioned that it is not always a life on easy street with these people. So perhaps financial freedom at this level is not really the dream?

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