Financial Freedom 1
Become the CFO of your Life
Become the CFO of your life. There is only one person responsible for your financial health: you. Yet most people, no matter what their income is, have little to no financial education. This 60 day course will teach you, inspire you, and jumpstart you to take charge of your relationship with money.
If you get through the course, you'll
- Understand the basics of money
- Write your financial manifesto about how money fits into living according to your dreams and values and make a plan to execute it.
- Learn the habits, attitudes, and behaviors of people who have reached financial independence.
- Learn how to distinguish between the essentials and the excess in your life and learn how enough is better than too much.
- On a concrete level, make a budget, be able to lower your expenses, eliminate debt, increase savings and live with more financial security.
- increase the amount of free time by reducing expenses and the amount of time on the job
With videos, personalized exercises, and community discussion, Financial Freedom takes 10–20 hours to complete. Try it for 30 days, we have a risk-free 100% money back guarantee.
- 30 lessons including case studies and Q&A, about 20 minutes each
- Questions and prompts to guide and challenge your thinking about your current beliefs about money
- 24/7 discussion board for personal feedback
- Peer network for discussion and team learning
- On demand— at your own pace and schedule
- 60 day access— Access on mobile and desktop
"I used to avoid thinking about money because it stressed me out. This course really helped me to re examine and re create my relationship to money. I'm totally inspired now to think and learn about money, and am starting to save and invest in the future that means the most to me. Douglas was an excellent instructor. He is a living example of financial freedom, and was an skilled facilitator, guide, and advisor during the process. Take this course! It's the best investment (in your dreams) that you'll ever make." - Dan Daly
We'll talk about the seven levels of financial maturity, from financial dependence or living paycheck to paycheck, to saving minimally and lastly, having financial freedom. We'll explore the influence that hidden assumptions of consumption and debt have in our capitalist system. The ultimate goal of this course is to help you reclaim take of how you spend your time and your energy and the life you truly want, having the resources and time to care of the people you love, and making a larger creative contribution to the world. The alternative is living your life unconscious or avoidant about money, and hoping that you have enough to retire when you turn 65.
In 30 lessons, you'll learn:
- The stories we tell: identifying and changing your unconscious money scripts
- 7 levels of financial maturity
- The only two (or three) numbers you need to know to reach financial independence in 16 years
- Voluntary simplicity: getting out of the endless cycle of consumption, worry, and debt and living according to your needs and values
- Buying time, instead of material things or experiences
- Making a financial manifesto and creating a life according to your values
- Getting real with numbers: Creating 1 year, 5 year and lifetime budgets. What is your lifestyle costing you? Where's the money leaking?
- Becoming the CFO of your life: making a yearly profit so you can invest in your future
- The miracle of compound interest: great when you are saving for your future, awful if you're in a cycle of debt and consumption
- Your mindset is your future: the attitudes and behaviors of the financially successful
Seem impossible? Financial independence can be reached within 20 years at pretty low incomes. Really. Read more about Douglas's personal story here.
Module 1: Understanding Money. Talking about money is a taboo and thus we aren’t very aware of our relationship with it. We'll start with our internal assumptions about money, where they came from, and how they dramatically influence our lives. Then we’ll talk about the personal savings rate and how it affects how many years you have to work.
Module 2: Reducing Consumption. The personal savings rate only has two components: spending + production. We'll talk about the profound personal and global implications of taking control of the first, consumption. How does consumption and debt increase stress in your life? How does it affect the world environmentally? We'll also look at your monthly consumption and see where are the easy places and necessary places to cut.
Module 3: Writing Your Manifesto and Making a Budget. We live in a financial system that requires people to be in debt. We’ll talk about breaking consent to the high-consumption, debt-driven system. No matter where you are on the path, working towards financial independence means taking back control of your life. You’ll draft your financial manifesto and learn about the behaviors and attitudes that ensure financial security. Then you'll make 1 year, 5 year, and long term budgets that matches match your values, aspirations, and priorities.
"The Financial Freedom course changed my perspective on money and removed a lot of mental and emotional barriers I was having to taking control of my financial life, as well as providing me with a lot of practical information. Highly recommend!" - Kronda Adair
You have to do the work.
Most financial literacy courses don’t talk about your finances. Most books on personal finance don’t examine the details of your economic circumstances and don't force you to do the work. Most webinars don’t answer your follow-up questions. And there isn’t a financial advisor in the world who can help you if you haven't gotten clear about money yourself.
Through more than 25 lessons created by Douglas, you'll learn the basics of successfully taking control of your financial future. More important, the lessons are paired with prompts and exercises designed to make you do the work —no matter where you are in your financial journey. All questions and answers are shared on the discussion boards—a confidential space available 24/7 to discuss and test out ideas with peers on the same path.
The cost of hiding from this
Most Americans will not have enough money when they retire. Most people know this but push it to the back of their minds. That's the cost of hiding and waiting. That, and spending their lives not living the life they want.
For many people, there's a lot of shame and secrecy about money. I’m not ready, I’m not sure, I'm ashamed of my circumstances and the mistakes I've made… The problem with of all these thoughts is that you can't help yourself until you can accept and move forward.
The best way to learn personal finance is by talking about it and doing it. It’s possible that you haven’t found the key to taking control of your personal finances because there hasn’t been a learning space for you to share safely and think deeply.
Make change happen
This course is about participating with others in a process and a practice of change. You'll be encouraged to connect with other classmates, share your questions and ideas, and dig ever deeper. Expect questions to guide and structure your thinking, group connections, and recorded Q&A sessions. expect a drip-by-drip transformation.
The course is online and on demand, so you can engage with the FF1 on your own time, as you find the insights that resonate and work with groups to get the feedback you seek.
You're not alone
Douglas will moderate the discussion board and will help focus you on asking the deep questions that makes financial work. There's no 1:1 time with Douglas but there's the dynamic of interacting with others on the same journey, an ongoing discussion among people who are seeking to change their relationship with money and make live the life they want too. There will be bi-weekly Sunday morning office hours (Portland Standard Time) on Zoom as well.
Again, FF1 has a 30 day money back guarantee.
The best time to plan for your financial future was yesterday (the miracle of compound interest is something we'll discuss in class). The second best time is right now.
Who is it for? Who is it not for?
FF1 is designed for people of all income brackets who want to face the facts of their financial life and find a way forward. It's a financial literacy course for people with an independent streak, willing to do things differently than the norm. It's for people who are willing to do the work and willing to make a change. It's for people willing to invest in others, and themselves, in a learning community.
It is not for people looking for an easy way out, or for simple solutions, miracle cures, or get-rich quick schemes. This course is going to ask you questions and provide ideas that might require living differently and thinking differently. Financial freedom is about a new relationship with money and all the incremental changes to your life that come with that.
The most effective way to learn personal finance online
That’s a big claim, and we believe it's true. PUGS Financial Freedom is structured to give you the benefits of online learning: flexibility to work at your own pace and scedule, as well as offer the accountability, ideas, and support of a classroom community.
Over 60 days, you'll post your work, develop your perspective and get ever closer to making the contribution to the world you seek. You'll get feedback from other students and will give feedback to others as well. The more you give, the more you receive. The most generous are the most successful.
Plan on about 20 minutes each day, but you can work at your own pace and on your own schedule. There are no grades, no assignments with deadlines, and no tests. Just a supportive learning space, ready for you to engage on your own schedule.
When does it start? How long do I have to complete it?
The course runs in cohorts for two months. Having a bounded window (i.e. you don't have access "forever") creates accountablity and commitment to do the lessons and keeps the cohort on roughly the same schedule.
Douglas Tsoi, founder of PUGS achieved financial freedom at age 42. For twenty years, he lived on $20,000 a year as a lawyer, schoolteacher, and climate change activist. He invested the rest of the money he made, and after 20 years, he achieved financial freedom to do what he wants with his life, which includes (after soccer, napping, and traveling) helping people take control of their finances, make a plan, and live the life they truly want.
StartGetting Started - Glad You're Here (3:12)
StartThe Emotional Content of Money: Your Money Scripts (2:10)
StartThree Truths about Money: Mr. Money Mustasche
StartThe Savings Rate: When Do You Want Financial Freedom?
StartThe Seven Stages of Financial Maturity
StartYou Know Everything Already
StartDouglas's Story: Financial Freedom at age 42
StartStatus Roles and the Tiny Details Exaggeration Syndrome
StartStress and Status in Capitalism
StartOptional: Poverty, Race, Status, and Conspicuous Consumption
StartThe Story of Stuff
StartWhat is enough? The Concept of Lagom
StartFor Fun: Why We Buy Clothes (Bonus)
StartLet's Start Thinking about Reducing Spending
StartBONUS: Stories of People Who Reached FIRE
StartSneak Peak into Module 3: "Getting Rich is More Mental Than It is Tactical"
StartPrelude: The Stockdale Paradox + Financial Self-Determination
StartVision, Attitudes + Behaviors, and Tactics
StartInspiration through Your Financial Manifesto
StartOwning Your Vision of the Future
StartLife Energy: "Your Money or Your Life"
StartFinancial Audit: Are you living according to your values?
StartYour Financial Mindset is Your Financial Destiny: Attitudes and Behaviors of the Millionaire Next Door
StartLoving the Miracle of Compound Interest
StartGet Rid of your Debt First!
StartChoose a Budgeting Tool and Link Your Accounts
StartGetting Real with Numbers: Monthly Budgeting of Needs, Wants, and Bullshit
StartImplementing FF1 with SMART Goals
StartOptional: The Money Scripts of the Rich
StartThis is the End: AHA Moments?
StartBONUS: The goal is not knowledge. The goal is change.
StartBONUS: Committing to Action through Community