E26: FIRE Yourself: Your 3-Year Roadmap to Financial Freedom with Bronson Hill

Cash Flow Fight Club

In this episode of the “Cash Flow Fight Club” podcast, we sit down In the Champion’s Corner with real estate investor, author, and podcast host of his own show - Bronson Hill. Bronson shares his fascinating journey from working in medical device sales to building a successful business in real estate and private equity. Listen in as Bronson offers valuable lessons on cultivating the right mindset, continuously learning from others, and replacing your working income with passive streams. Whether you're interested in personal growth, entrepreneurship or passive investing, this inspiring conversation provides actionable takeaways you can apply.

Here are some power takeaways from today’s conversation:

00:00

02:22 - Bronson’s medical sales background

09:20 - The unsettling reality of modern-day slavery

12:43 - Time freedom, not financial freedom

14:38 - Tools for finding your calling and purpose

17:23 - Identifying skill quadrants for personal and professional growth

24:19 - The power of networking and education in achieving success

32:31 - Other personal growth and self-improvement strategies

Episode Highlights:

[12:43] Chasing Time Freedom: The Power of Passive Investments and Autonomy

• • Ultimately, what we desire is the freedom of time. It's not about idling away or catching up on sleep, which might be appealing for a short while. Yet, the core objective is to have the liberty to make a difference in ways that matter to us. Having control over how your time is spent is truly empowering. Moreover, passive investments and consistent cash flow from investments, which don't require further effort, are also an excellent way to achieve this autonomy over time. It's indeed remarkable to have such financial independence.

• [14:38] Discovering Your Life's Purpose: A Guide to Self-Assessment and Reflection

• • Consider utilizing personality assessments such as StrengthsFinder to gain insight into your innate talents and passions. You might also want to try a "love it" test for a week to pinpoint the activities that truly invigorate you. By juxtaposing the outcomes of these evaluations with what the world necessitates, you could gain a clearer understanding of your purpose. Bear in mind that your calling may evolve over time. It often requires introspection, prayer, and continuous reassessment of your gifts and how you can utilize them to effectively serve others.

• [17:23] Identifying Your Skill Quadrants for Personal and Professional Growth

• There are four quadrants of skills to consider. The first quadrant is incompetence, which includes tasks you're not good at and should delegate to others. The second quadrant is competence, encompassing tasks you can do, but they might be a struggle for you. The third quadrant is excellence, where you have legendary skills, like in sales, as an example. The final quadrant is your unique ability. This is where your excellence meets never-ending learning, passion, and an energizing effect. It's a realm where you shine and only you can truly identify this unique ability. Focusing on this quadrant could lead to personal and professional growth.
• [24:19] The Power of Networking and Education in Achieving Success

If you're aiming to advance financially or in life, two main factors will guide your journey. The first is networking - the power of connecting with new people. The second is through education, continually expanding your knowledge base. In five years, who you become will be largely influenced by the books you've read and the people you've met. This points back to the importance of networking and education.

Resources Mentioned:

www.bronsonequity.com

Bronson’s book: Fire Yourself

WinStreak App

Mastery by Robert Greene

10x Is Easier Than 2x by Dan Sullivan

The E-Myth by Michael Gerber

StrengthsFinder test

Huberman Lab Podcast