Business School with Sharran Srivatsaa

Episode 135

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Published on:

27th Dec 2022

Financial Freedom Formula (3-Step Process)

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Would you want to have financial freedom so you don't have to worry about when your next paycheck would come in? Like most people, you probably think that the only way to achieve financial freedom is to accumulate savings in a traditional retirement plan that you can access only when you're in your 60s or 70s. But did you know there's a way to achieve financial freedom in your life A LOT SOONER? That's right!

In today's episode, Sharran shares his 3-Step Process to Financial Freedom based on what he learned from his financial freedom coaches, Russ Morgan and Joey Mure. These guys have been teaching others how to build passive income greater than their monthly expenses. So if you're ready to break free from your financial challenges and enjoy financial success, this episode is for you!

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Join the 10K Wisdom Private Partner Podcast, now available to you for free: https://www.highlandprime.com/optin-10k-wisdom

“Access to cash is significantly more powerful than cash itself because now you get to deploy cash in the best possible way for you.”

- Sharran Srivatsaa

Timestamps:

00:00 Introduction

01:37 3 BIG Pieces of the Puzzle

04:01 Step #1: Defining Success—What Does Financial Freedom Mean to You?

07:18 What is Passive Income? Is it achievable?

13:23 Two things you should think about

14:25 Step #2: The First Domino

16:47 Here's an action item for you

17:46 Step #3: The Freedom Trident

18:01 3 Components of The Freedom Trident

20:06 Understanding Your Partnership Agreement with the Government

23:15 What does "Building Financial Infrastructure" mean?

27:20 The idea behind The Passive Income Mastermind

28:08 Recap of The Financial Freedom Formula

Resources:

- Konvert Cloud

- Multifamily Real Estate Investing

- Join The Passive Income Mastermind

- Sharran's Partnership Program

- Join the 10K Wisdom Private Partner Podcast, now available to you for free

- Grab Sharran’s 4-Week MBA for Free

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About the Podcast

Business School with Sharran Srivatsaa

Business School is hosted by Sharran Srivatsaa, President of Real (TSX: REAX) (NASDAQ: REAX), the fastest-growing, publicly-traded, real estate brokerage in the world. Sharran grew Teles Properties by 10x in 5 years to $3.4 Billion in sales and eventually sold the business to Douglas Elliman. Sharran is also an accomplished “deal guy” and private equity investor. He is the Chairman of private equity firm Highland Prime which focuses on investing in service-businesses and also the Chairman of ARC Multifamily Group which focuses on value-add multifamily investment projects.

Sharran is a former Goldman Sachs and Credit Suisse banker and a sought after keynote speaker and is the creator of the wildly-popular 5am Club call for Entrepreneurs.

On this podcast, Sharran shares his best secrets on how to grow your business strategically, how to build your brand elegantly, most importantly integrate the profits in your business with an overall joyful life.

For more free resources visit Sharran.com

About your host

Sharran Srivatsaa

Sharran is a serial entrepreneur, sought after keynote speaker, and a respected thought-leadership resource for publications such as the Wall Street Journal, SUCCESS magazine, Huffington Post and Forbes.

While Sharran has had 5 exits in the last 19 years, and also a several humbling failed investments and business initiatives. He talks all about them on his top rated Spotify podcast, Business School.

Most recently, Sharran led Teles Properties’ unprecedented 10x growth over 5 years and a 4-year consecutive streak on the Inc. 500 fastest growing companies list resulting in its acquisition by national real estate powerhouse Douglas Elliman.

Prior to Teles, Sharran worked at both Goldman Sachs and Credit Suisse, where he collaborated with management teams of fast-growing businesses around the country on investment advisory and corporate strategy. Sharran also spent several years building recreational programs in the Caribbean, Middle East, and Hawaii for some of the finest international resorts such as the Four Seasons and Ritz-Carlton, also has deep experience working with technology companies such as Lightera (acquired by CIENA) and Obopay, a fast-growth mobile payments company.

Sharran is a Principal at Srilo Ventures, a multi-factor private investment fund that focuses investing in and advising technology companies and operating businesses in the consumer space. Having successfully completed many acquisitions, joint-ventures, management buyouts, mergers, and capital raises, Sharran serves as a director and advisor on numerous company boards.

He is also a member of the Genius Network, the highest-level marketing mastermind in the world led by whizkid Joe Polish, and also a member of Young President’s Organization (YPO).

After competing on the professional tennis tour, Sharran received his Bachelor’s degree in Computer Science from Luther College and his MBA with Honors from Vanderbilt University.