Financial freedom allows you to do what you want, when you want, and with who you want. But it’s not just for lounging in hammocks or jet-setting around the world. When tragedy strikes, a sudden loss occurs, and you need time to spend with your family, friends, and loved ones, financial freedom becomes the bedrock of what helps you recover. This is why the option to retire early is so crucial for the everyday American; you never know when you’ll need to take some time for yourself.

Jordan Klint, former guest on episode sixty-three, achieved financial freedom at a surprisingly young age, with five children to boot! His time freedom and ability to live on his terms was an added bonus the last time we talked to him, but now, we understand that it was necessary for Jordan to keep sane during the past year. Jordan’s family went through a significant tragedy, resulting in the loss of not one but multiple relatives all at once. This was an incredibly hard time for Jordan and his family but has allowed him to reflect on what FIRE-chasers need to do to ensure their families are protected when they pass.

While this episode does bring up some difficult points, it’s full of extremely useful tips that Jordan used to get his family’s finances together. We get into estate planning, why you need a will, life insurance, car insurance, and the “emergency binder” that EVERYONE should have. Don’t wait until the unexpected happens. If you’re building wealth, you NEED to put these plans in place.

Show Notes at:
https://www.biggerpockets.com/blog/money-395?utm_source=youtube&utm_medium=description&utm_campaign=none
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Hear Our Last Episode with Jordan:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-63-financial-freedom-5-kids-jordan-klint?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Financially Prepare for Inheritance Money:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-49-wealth-transfer-how-financially-prepare-inheritance-money-hari-mix?utm_source=youtube&utm_medium=description&utm_campaign=none
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Everything You Need to Know BEFORE You Invest in Syndications:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-219-j-scott?utm_source=youtube&utm_medium=description&utm_campaign=none
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Grab the “Emergency Binder”:
https://www.emergencybinders.com/
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Connect with Jordan on Twitter:
@jrklint or https://twitter.com/jrklint
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Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode #395

00:00 Intro
01:35 Recovering From Tragedy
04:14 Challenges and Estate Planning
08:44 Splitting the Will
12:02 Support, Self-Care, and Healing
20:16 Life Insurance and Your Financial Safety Nets
24:51 Who to Hire NOW
27:59 How to Start Planning
31:10 The Retired Life
35:19 Invest in Your Friends
37:08 Put Your Finances in Order!