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Published Feb 20, 2023

268 | We Want Guac | Financial Independence for Gen Z

Brad Barrett delves into career strategies, personal growth stories, and financial literacy, offering Gen Z practical advice for negotiating salaries, budget management, and skill-building to achieve six-figure wealth and financial independence early in their careers.
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  • Creating Budgets

    Creating a budget can significantly alter financial habits and provide a sense of security. explains how budgeting isn't about restricting spending but understanding financial limits, which can actually allow for more freedom in spending. He shares that this approach gave him the freedom to spend on things that matter, like generous tips and helping friends in need 1.

    Setting up this framework, this budget was your discipline that gave you the freedom to show yourself that those limits were bigger, to use your words, your limits were bigger than you ever could have imagined.

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    This mindset shift from scarcity to abundance is crucial for financial well-being.

       

    Mindset Shifts

    Transitioning from a scarcity mindset to an abundance mindset is essential for financial growth. recounts his own 'Year of Fear' in 2016, where he was terrified of not being able to stand on his own financially. This fear led to extreme frugality, which he later realized was not sustainable 2.

    I was the extreme exact opposite of that. Was it just earning more that got you out of this? Or was there something else that enabled you to find a balance point?

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    He emphasizes that financial security isn't just about earning more but also about finding a balance between saving and spending 3.

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