Discipline Equals Freedom and What It Means For Your Finances - Jocko Willink

[@heroesmoneytalk3895]

Great advice!

[@ScattMatt3000]

Thank you

[@josepaulloor6449]

Awesome advice

[@brandensmith759]

Talk your shit jocko!!!!!

[@sterlthepearl1000]

It's in our moments of decision that our destiny is shaped.

[@andrianawarren1188]

Investing in your yourself ❤ Saving your money. Spend less than you earn. Find your passion, work hard, and make things happen. Great advice ❤❤❤❤

[@sterlthepearl1000]

There's a price to success, and there's a price to failure.

[@sterlthepearl1000]

If we want our money to save us, we have to save it.

[@sterlthepearl1000]

“An investment in knowledge pays the best interest.” Benjamin Franklin

[@sterlthepearl1000]

If we don't sacrifice what we love, then what we love will be the sacrifice.

[@sterlthepearl1000]

The next 1 to 5 years we will surely arrive. The question is where?

[@Jonbombs]

Boom

[@ratagris21]

People worry too much about showing off and out versus being humble and modest. Need to follow this advice.

[@garethaustin3137]

Jocko, the things you say are the types of things I tell myself in my head during tough times - but hearing it from another real person (and spoken with considerably more conviction than I can muster on my own) ... well, let's say it got me out of bed this morning - and that's saying something.

[@sebastianboyce678]

“I like to invest money in me” haha Jocko is an appreciating asset

[@orfeas8]

When echo was speaking I felt exactly this when I got out of nightlife and never started smoking like many of my friends back then. Years after that period I feel so glad I made these gifts to my health.

[@emmettochrach-konradi2785]

get real go hard get after it

[@graysonjones6033]

“Stop being poor, BOOM” Roger

[@azangaming8684]

most funy comment i read! Realy well done!

[@Wompond]

For your sake, I hope that isn’t your only takeaway

[@nickeames2133]

Don't spend your money on useless shit

[@chrishall5499]

Guys like Jocko, Andy Stumpf, and Mike Glover are absolutely 100% the kind of role models this country needs more of.

[@simpleman8644]

Yeah we need a president like that

[@chrishall5499]

@@simpleman8644 Indeed

[@yaboiz1953]

It’s not buying expensive stuff that gets me. It’s the little things. Bowling, going out with friends, paintball, getting a small snack, before I know it I spent an extra 200 dollars in a week lol

[@thomasblachdoglewis7995]

💙❤💙🇺🇸💚🥾🍊Echo🇺🇸, 🇺🇸💚🥾🍊Jocko🇺🇸, Here I go!!💙❤Period 🇺🇸💚🍊T.PO🇺🇸🔤💙YHUP!!❤

[@schecterc1exotic]

2 years ago my wife and I had $72K in debt and owned nothing. 1 year ago we became debt free. Today we own everything we have and have a net worth of $100k in savings and investments. Excited to see where we’ll be in 3 more years. These guys are right, it doesn’t happen on its own though. Start now

[@hollywoodbb]

Congratulations! That’s no easy task at all.

[@schecterc1exotic]

@@hollywoodbb thanks! Now we own a modest house with a reasonable mortgage. Still no debt besides that. Net worth at $220k today

[@hollywoodbb]

@@schecterc1exotic very inspiring my man! I’m very glad to hear it! Got me fired up for the future!

[@pellabandgeek]

@@schecterc1exotic what was your yearly income and from what? Seems like it takes BIG moves to pull that off.

[@schecterc1exotic]

@@pellabandgeek we made about $185k per year in that time.

[@patrioticcanuck9930]

Hard work and discipline = universal truth Having balls and going after it.... that’s the difference between failure and success

[@Je.rone_]

Literally discipline equal freedom works beautifully with financial matters, financial freedom is not achieved nor maintained without discipline

[@MrButterpantz]

Pay off all debts (besides your mortgage if you have one). Establish a cash emergency account of 3 months expenses. Max out your 401, 457 and IRAs. Stick to a budget and pay for everything in cash. Close all your CC accounts. You no longer need them for a credit rating. Pay off mortgage. Once that is done invest in real estate. If you do it sooner, you're neglecting something important and it can be risky. Your retirement accounts and compound interest will make you a millionaire long before being a landlord will and if done correctly with mutual funds can weather the storm better.

[@abcdjhffkuggf]

My dad always gives the advice "invest in yourself, you know you won't screw yourself". I'm doing that, I'm working harder than I've ever worked to start my own business. I haven't had a day off, including weekends, in a month. The work feels so rewarding though, it's almost not work. I don't feel like I need a break yet. I'm also taking Jocko's advice, if you feel like you need a break, maybe. But wait a day and see if you still feel that way. So far, it turns out, it was just the voice of weakness.

[@twobraincells4364]

The car house thing is genius.

[@DG-oo8zf]

It's basic.

[@twobraincells4364]

@@DG-oo8zf It makes perfect sense, yet many people i know and have grown up with operate in the opposite way. Nice car...no property. Cheers.

[@DG-oo8zf]

@@twobraincells4364 nobody told us this stuff growing up.

[@twobraincells4364]

@@DG-oo8zf Haha yep.

[@idgaf703]

Unfortunately schools are designed to train employees, not teach life skills.

[@alexisidro]

Great advice for young people coming behind. Jocko never disappoints

[@mitepainera69]

You gotta work one year for 4unit place in San Diego whaaaat

[@mitepainera69]

Thats dope

[@bryanramirez1280]

I like it, possibly another point regarding work is to identify why you're doing the work you're doing. Identify If it's for impact, creativity or money, if you're doing something that's high impact (feeding the poor) but generates low money then you have to be very aware of it and your needs. Many go into work or careers that are high creativity, high impact but that generate little money, then they're angry to be struggling financially. One needs to be clear as to what your focus is regarding whatever activity it is that you're doing.

[@american9245]

Jocko 2020

[@ParadymShiftVegan]

Tulsi & Jocko Interview

[@edeh2334]

Totally with Echo on this one.

[@CaseyBurnsInvesting]

Jocko is a genius in so many ways.

[@akasupaman]

Jockos been watching some Dave Ramsey lol

[@edinmujanovic6593]

Dave Ramsey has been watching Jocko

[@brofeelyabeastman.1135]

Dave Ramsey is weak and not comparable to Jocko. Now Cardone maybe. Put your money into property. Guess what multi family spaces. The money made goes into another property.

[@anthonyjordan2496]

Been writing off and on for years. I think it is time to take it serious. Thank you Jocko and echo. The one hour a day for 5 years point really hit me.

[@bryanramirez1280]

I don't know much about writing but I do hear Seth Godin talk a lot about it and provides a more in deph picture into this advice. You may already know that, but just mentioning it in case that's not the case for you or someone reading these comments.

[@bronchitis1564]

“Pay yourself first” best basic financial advice I got

[@Financial_Awareness]

“...I’m no financial expert, but you don’t have to be a financial expert to save your money & spend less than you earn.” - BEST quote! House hacking idea is clutch as well if you make it work.

[@MissteriousMisstress]

The night club convo killed me

[@berts.9283]

Mr. Jocko sir, as a newer follower n admirer. If you ever read this or anyone reading this. What would be the right direction to help me with with over thinking too much? That’s one of problems I thought I have been working on but haven’t gain that next step forward YET.

[@thatomofolo452]

Discipline 🙆‍♀️

[@simpleman8644]

I was so far behind for so long but about 6 years ago I started doing what your saying. I was essentially homeless, living where I could. I did not even have a car. But we saved and got an old camry. Eventually we bought a house in a desireable area that appreciates yearly and we bought a new car later, after we had our property secured. Having the property actually made it easier to get the car

[@cs9742]

Money......good!

[@davidledoux1736]

Excellent advice all around. Thank you both!

[@chefe2152]

I thing that going out and spending cash on booze is the stupidest thing ever,alcohol cose soooo much more in clubs,and realistically the moment you cant pay for it ,your friends wont hang out with you anyway.

[@tangodelta6890]

Thanks for the upload Echo!!

[@robert704]

Thanks again brother

[@KhrystyanaFofana-qp2yt]

I don’t even use credit cards anymore. If I can’t pay by cash or debit then I shouldn’t have it imo

[@carvalho9021]

Jocko Willink> save your money my dumbass> spend 100 dollars on a clothing inside a game... I need to wake my ass up.

[@1veryfunnygirl]

God I wish I understood this at 19...

[@MewtwoShadow]

better late than never Judy

[@bryanramirez1280]

What part of the advice did you not understand? Are you applying it now?

[@1veryfunnygirl]

@@bryanramirez1280 that discipline = freedom. I'm 50 and I've finally gotten it now. In 2020 I discovered both Jocko and Goggins. Suffice it to say I'm on a MUCH better path now.

[@bryanramirez1280]

@@1veryfunnygirl Thank you, I agree, it is a very powerful lesson and in someways counter intuitive. It's easy to believe that discipline limits you and not see that it actually opens up opportunities and gives you freedom if your're focused on the right stuff. I'm glad you've come accross this content and that it's impacted you possibly, I've had a similar experience.

[@vincentcrowley5196]

If you're offered shares in the place where you work do it, not loads of money just a bit, money in pensions, own your home outright before retirement, my colleague is in good shape financially, he'll have the same income from his pensions and shares when he retires in 4 years that he earns as a salary now. He's already been mortgage free for a few years . Solar panels on his roof, he gets paid for supplying electricity back to the grid , share dividends pay him twice a year a nice lump 3/4 of a months wages, he's not rich but he's been smart with his money

[@mikekirk1513]

Discipline=Freedom. This is common sense.

[@M1ke10191]

Loving the black and white theme Dave Ramsey is going with.

[@mobiusraptor7]

Jocko needs Dave on his podcast on something

[@pukey_posts8154]

“Yea.. Jocko, the housing market in those days was just a bloodbath... I don’t know if I can even talk about it.”

[@OutoftheWoodsWork]

Awesome comment!!!

[@mplslawnguy3389]

Especially for young dudes, don't get into cars. Cars are not investments, they're losers, 100% of the time. When you're in your 30's or 40's and you have all your ducks in a row, you can think about getting something you want, but until then, drive something that takes you to where you need to go. I saw this in the military all the time, dudes spending at least half their paychecks on stupid cars. And people in the military know that doesn't leave you with much left.

[@TheLastSaint7]

Damn why do they always post when we are going to sleep?

[@TheLastSaint7]

@Jared LMAO you got me there

[@antediluvianclockwork9769]

IT'S WHEN YOU SHOULD BE WAKING UP. DISCIPLINE.

[@my_name117-letsgettheretog2]

The globe effect.

[@samuelmoreno4267]

Get after it

[@nicbates9480]

Will you post the rest of the unraveling videos please sir?

[@PaperRaines]

Echo and Jocko are touching on Implementing versus Consuming. That ratio for everyone dictates the trajectory of their lives, and of the lives of the people around them Consume calories or tv screen time in an hour, or build on a skill? It's everyone's individual choice, and they will pay the cost in the future

[@KhrystyanaFofana-qp2yt]

If I had money the only thing I’d really think about investing in is my cell phone service. I can’t learn a lot from googling things. It’s helped me out countless times.

[@benoitconley1126]

Before buying house, figure out your love life long term, divorce ain’t cheap 😂

[@jakenicholaides3214]

Good advice lads especially on the property I tell people whenever I can owning a house no matter how small or inexpensive is better than not having it, you can always try to build on from there.

[@802reptiles4]

Awesome. "Only spend your money on things that make you money."

[@CharlesMcHaley]

Facts

[@scottwilliams7395]

Great financial points! Spend less than you earn, use savings to invest in appreciating assets ie stocks, property. Most people don't become rich from their jobs.

[@bryanramirez1280]

Yeah, then again, it's because their jobs aren't high paying.

[@FakiePanda360]

Dave ramsey has alot of good things to say about this topic

[@yellowhumpy14]

100% spot on. As usual. Play the long game. Invest in yourself. Real estate is good...but historically, nothing beats the stock market for average returns over time.

[@foodbizztalk919]

It all really comes down to that ego, the less we spend on things used to impress others the better it should be...

[@NoahC76]

Where do we submit podcast questions?

[@francisreintar6000]

Twitter

[@mortyross]

Thank You for the project encouragement. It makes me feel a lot more positive about my coding ideas that I want to implement.

[@thatomofolo452]

B💥 💥 m

[@MrIchbins666]

Echo invested in LBS's. Big time.

[@etchosts8162]

Boom!

[@DT-sb9sv]

Your are right for non-contractors. The contractors don't have a safety net. We need to bid and take some losses. Overhead can ruin the best expertise.

[@markbaker311]

A house hack is a powerful tool for quickly accelerating your wealth

[@dm20422]

✨

[@bobvanbutselaar]

Essentially=not exactly, vaguely, sort of, kind of. Actually=concrete, tangible, exact, measurable.

[@fuzinonzlot]

Great insight by Echo yet again. Oh brother. Sigh

[@spencerbelcher9688]

Wait, the girl that bought the 4 unit building is making 400 dollars a month? I'm confused

[@JamesSmith-cm7sg]

She's making 400 profit a month from the building

[@my_name117-letsgettheretog2]

I've just woken up, I knew I was going to watch this just not immediately. But I changed my mind as I wanted this to be the first information I put in my brain for the day. As always, much appreciated.

[@JoelGandara]

Glad you covered this Jocko. People need to hear it.

[@JamesSmith-cm7sg]

Do something that will make you a significant amount of money. Sounds basic but almost everyone wastes their time and get caught up in stuff that'll never bring home the bacon.

[@Ja50nkAt]

Property isn't the best just because it's not liquid like stocks or alternative currencies. Interest rates are at rock bottom and if rates go up it will only hurt the housing market.

[@icecactus11]

Buy cars that don’t depreciate like classics my cars hit thirty years old and I could sell them for a pretty penny

[@michaelputnam3216]

👍

[@hamzahgoodson9616]

Next year you'll wish you had started today.

[@jalohepo-oja7399]

Keep it simple Count your money OH sry wrong podcast!..

[@SeanWhite03]

Buy Bitcoin

[@gregd4391]

Mercedes are nice when new, but not reliable and the repair work is extremely expensive. Financial freedom: dont buy BMW, Mercedes, Dodge

[@thetravisstory]

My '02 530i with 206k begs to differ. Yeah its a pain and needs little things a couple of times a year. But if you do preventative maintenance at the proper intervals and change the oil it will outlive your ownership. Not to say there aren't German vehicles, or American as you stated (Ford, dodge) that are busts. But it helps to know about what you drive and with a little Google fu and a few tools you can save buckets of cash on repair work.

[@Eplemos4Life]

Bitcoin = freedom

[@vijayrudroju2786]

Subtitles please

[@KarenTookTheKids364]

Sounds like Jockos read Dave Ramseys stuff. Or he's just intelligent with his money from his UNMITIGATED DISCIPLINE IN ALL THINGS.

[@jakeedgell591]

Dave Ramsey doesn't really tell you anything you didn't already know, it's common sense. Most people just need to be told things they already know over and over because they lack discipline.

[@hamdam84]

Research bitcoin and you will be better off in 5 years, Pomp has a great channel here on youtube