What do you get when a pastor trades the pulpit for the stock market? A millionaire with a mission. In this episode of Living Not So Fabulously, Lewis Crompton shares how witnessing his parents’ pension shrink inspired him to chase financial freedom through swing trading. With just 30 minutes a day and a Wi-Fi connection, he built a global business and diversified into real estate and small ventures. Now, he's helping others rewrite their money stories, especially in the LGBTQ+ community, proving that wealt ...

The pursuit of financial freedombut faster ...

Study Overview - A comprehensive global study on Bitcoin and financial freedom was conducted [1] - The study involved 25,000 people across 25 countries [1] - The study included 250 interviews [1] Research Focus - The central question explored what Bitcoin means to participants [1] Supporting Organizations - The Human Rights Foundation (@HRF) and The Reynolds Foundation supported the study [1]

Core Argument - The financial industry's modern financial planning paradigm is flawed, necessitating a shift towards utilizing natural laws of prosperity for financial prediction and certainty [3][4] - The industry advocates for discovering and applying universal, timeless natural laws of money to guide financial decisions [4][5] Key Principles for Financial Well-being - The industry emphasizes the importance of paying oneself first, allocating a portion of income before other expenses, echoing practices from ancient civilizations to modern times [7][8][9] - The industry promotes staying out of consumer debt to maintain financial freedom and peace of mind, distinguishing it from leveraging debt for asset acquisition [11][12][13] - The industry stresses protecting assets from loss as a fundamental goal, highlighting the importance of managing greed and knowing with whom one is doing business [15][16][17] Historical Context and Endorsement - Ancient civilizations like Sumeria, China, Egypt, and Rome, along with major world religions and classical economists, have all contributed to the understanding of these financial laws [5][6] - Historical figures and texts, such as George Clayson's "The Richest Man in Babylon," Marcus Tulia Cicero, Benjamin Franklin, and ancient philosophers like Plutarch and Confucius, support these principles [8][9][11][13][14] Practical Application - For business owners, this means allocating a portion of income to an untouchable account; for employees, it involves contributing to a retirement plan before receiving their paycheck; regardless of income, at least 10% should be saved [10]

Financial Strategy - Consistent saving is crucial for financial well-being [1] - Automated investing simplifies wealth accumulation [1] - Living below one's means promotes financial independence [1] Financial Freedom - Financial prudence leads to freedom, not just minimalism [1]

Core Insights - The article emphasizes the importance of celebrating progress towards financial freedom while reflecting on individual journeys [1] Company and Industry Summary - The article promotes a real estate investment community called High Yield Landlord, which claims to be the largest on Seeking Alpha with over 2,000 members [1] - The community has received a perfect rating of 5/5 based on over 400 reviews, indicating strong member satisfaction [1] - A promotional offer is available for a limited time, allowing new members to join at a significantly reduced rate and access the entire portfolio and current top picks [1]

Core Concept of Black Capitalism - Black capitalism acknowledges the impact of race on participation in capitalism and aims to create a more equitable system, especially within the Black community [2] - It recognizes the exploitative, extractive, violent, and racist underpinnings of capitalism while seeking ways to engage with the system to achieve new economic outcomes [2][3] - It balances the tension between the potential of free market capitalism for Black liberation and its historical role in oppressing Black people [4] Reconciling Contradictions - The approach involves being critical of the existing system while acknowledging that the tools of capitalism can be neutral and used creatively and innovatively to create new economic outcomes [6] - It emphasizes leveraging available tools in the present while striving for a more just and equitable system in the future [7] - Individuals can participate in the economy in a less exploitative and extractive way by making conscious choices with their wallets [9] Individual and Communal Impact - Personal experiences, such as witnessing wealth correlated with whiteness, can shape the desire to explore what it means to be both Black and thriving [11] - Black capitalism provides a blueprint for individual and communal thriving while acknowledging the tensions and problematics inherent in the system [13] - There are scalable and communal examples of how to engage with capitalism in ways that disrupt traditional understandings and experiences [13] Global Considerations - It addresses the balance between participating in free market capitalism in America and avoiding global imperialism and oppression in other markets [7] - Individuals should strive for financial freedom and economic liberation in a way that is not dependent on someone else's exploitation and extraction [9]

Financial Planning - Early career financial planning is crucial for achieving financial freedom [1] - The article provides 17 tips for early career financial planning [1]

Financial Planning - The article suggests taking early actions in one's career to achieve financial freedom [1] Career Development - The article lists 17 things to do early in a career [1]

Core Insights - Closed-end funds (CEFs) provide financial security and the potential for early retirement with yields exceeding 8% [2][3] - The average retiree has a net worth of $1.79 million, which could generate significant income through CEFs [5][6] - Three specific CEFs are highlighted for their strong yields and potential for income generation [9][10][12] CEF Performance and Characteristics - The Adams Diversified Equity Fund (ADX) yields 8.8% and has a history of outperforming the S&P 500, currently trading at a 7.5% discount to NAV [9] - The Nuveen Core Plus Impact Fund (NPCT) offers a 12.2% yield, focusing on low-risk corporate bonds and benefiting from higher interest rates [10][11] - The Nuveen Real Asset Income and Growth Fund (JRI) yields 12.3% and invests in REITs, with a discount that has decreased from 15% to 3.1% [12] Income Potential from CEFs - A portfolio of the three highlighted CEFs could yield an average of 11.1%, potentially generating around $200,000 annually for an average retiree [13][14] - For median retirees with a net worth of $409,900, the income from these CEFs could reach approximately $3,798 per month, supplemented by Social Security benefits [14]