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What’s LGBTQ Financial Independence?

  September 28, 2021  |    #Live Fabulously

Hi there! You new here? We love that you found our gay little corner of the web. Here at Debt Free Guys, we’re all about helping queer people live lives they truly love inside and out. We think happiness is a 360-degree experience (purpose, love, money, wellness, and lifestyle) that you also deserve. After reading our article below, see how we can help you more here.

LGBTQ people can and should pursue financial independence (FI)

Financial independence and early retirement are popular today, but LGBTQ financial independence isn’t. Here’s what it means and how it can change. Make that easier by getting the 5 Building Blocks of a Happy Gay Life here.

Hear how we can get more queer people to seek financial independence:

Are queer people seeking financial independence (FI)

Are you tired of working for someone else? Frustrated with being at the mercy of someone else’s schedule, decisions, as well as, mood swings? Financial independence (or FI) gives you the freedom to pick up and walk away.

So, why isn’t the LGBTQ community pursuing financial independence with the same vigor as the general population? And what can we do to change that?

On this episode of Queer Money® Podcast, we explain exactly what it means to achieve financial independence and how it’s different from being independently wealthy.

We explore the reasons why more of us aren’t FI-curious, describing how cascading homophobia and legacy financial exclusion make financial independence a little more challenging (but not impossible!) for the LGBTQ community.

Listen in for insight on initiating conversations on building wealth and learn where to go for inspiration and resources as you work toward financial independence!

Topics covered

  • What it means to achieve financial independence (and how it’s different from being independently wealthy)
  • How Robert Kiyosaki defines wealth as having investments that cover your living expenses
  • The freedom that comes from not having to work for someone else
  • How financial independence allowed John to walk away from a ‘bad boss’
  • Why the queer community isn’t pursuing financial independence with the same vigor as the general population
  • Why it’s a mistake to opt-out of smart investments because you distrust capitalism
  • How cascading homophobia and legacy financial exclusion make it more challenging for the LGBTQ community to achieve financial independence
  • What we can do to encourage more queer people to seek financial independence
  • Where to go for inspiration and resources around achieving financial independence
Another definition of financial independence is that your finances, your income versus your investments, are such that you don’t have to work for someone else. - John of Debt Free GuysClick To Tweet

Prefer to watch than listen? Watch this episode here:

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Resources to reach financial independence

5 Building Blocks of a Happy Gay Life

We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com) and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.

Note: This article contains affiliate links, meaning we’ll receive payment at no cost to you if you buy through these links. We only recommend products we use or thoroughly vet and would recommend to our moms.  Buying too many of these is how you live fabulously broke. To live fabulously with financial security, start here.

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