Level 2 of the 7 Levels of Financial Freedom: Figuring Out Your BAM

In this episode of Tactical Empire, Jeff Smith and Shawn delve into level two of the seven levels of financial freedom figuring out your BAM (Bare Ass Minimum). They discuss why identifying your BAM is crucial for establishing a foundation of financial freedom, avoiding lifestyle creep, and making empowered choices. The hosts guide listeners through the practical steps to calculate their BAM, emphasizing its role in enabling passive income and creating a life of abundance, discipline, and high achievement. Jeff also highlights the psychological benefits of knowing your BAM, and how it can change your outlook on both personal and financial aspects of life.Chapters:00:00 Introduction to Tactical Empire00:30 Welcome and Series Overview01:13 Level Two: Understanding BAM (Bare Ass Minimum)01:50 The Importance of Passive Income09:02 Defining Your BAM Expenses14:39 Psychological Impact of Financial Control16:14 Action Steps to Calculate Your BAM18:42 Conclusion and Next StepsYou can connect with Shawn Rider on Facebook and Instagram.