Richard Canfield reflects on building wealth and financial independence after growing up watching his parents struggle with 45 credit cards and mortgage payments. He contrasts those memories with his current pursuit of recurring revenue and financial stability as part of a larger purpose.
Chapters
That's great to make a million dollars. It's great to do these things. It's great to have recurring revenue come in where you don't have to worry about money hitting your bank account every month. That's what I wanted because as a child, my parents were very loving, right? But they had a ton of financial problems, like the majority of people in this world, because, again, lack of education. There's a common theme here. But I designed my life on purpose. And now that I'm here, I. I see that I'm a long way off from where my major purpose is intended to be. And that's part of that letting go and the surrender experiment and really creating my own right now. Because there's literally a stack of 45 credit cards. I may have showed this to you before, like in my office, that were my mom's credit cards that they had to really shuffle through throughout my childhood. They were laid on their mortgage for months at a time. We didn't know if we were going to have a roof over our head.