In this episode, Bob Lotich shares how he managed to achieve financial freedom by tapping into the power of generosity and giving, and how he continues to give a percentage matching his age to his church and other ministries.
He shares the key elements that allow anyone - creative, employee or otherwise - to find freedom from financial bondage, as well as key principles any platform building creative business needs to apply.
Just a few years after being overwhelmed by debt and stranded 1,000 miles from home with only $7 to his name, Bob Lotich and his wife Linda took the radical step of 'giving their age", and before they knew it they reached their biggest financial victory: giving away $1 million dollars by age 40. Now Bob and Linda teach others the principles, mindsets, and specific strategies needed to experience true financial freedom in order to make an impact on the world around them.
His book Simple Money, Rich Life is the operating manual he and his wife Linda (a middle-class couple) followed to pay off debt and live a live of security. He currently lives in Franklin, TN with Linda and their three children.
KEY CHAPTERS
00:00 Introducing Bob Lotich
04:16 Bob's Financial Breakdown and How It Inspired Him
11:51 Why Bob Recommends Separate Accounts for Married Couples
17:11 How Bob Decided to Give His Age as a Percentage
25:28 How Bob Maintains Discipline With Financial Success
28:20 Advice for Entrepreneurs and People with Side Hustles
35:32 Key Principles of Money Management for Creatives
Learn More about Bob Lotich
Bob's Website
www.Seedtime.com
Buy Bob's best selling book "Simple Money, Rich Life"
https://amzn.to/3Sg2dXl
If you liked this episode, make sure to check out:
EP 169 - Feast of Freedom: How to Become a Debt-Free Creative w/ Jade Warshaw, Entrepreneur
godandgigs.com/169
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