How do you actually achieve financial freedom — not just more money, but more life? In this episode of The Real Wealth Formula Podcast, host Brad Hovis shares his personal journey from financial struggle to true wealth — and breaks down the exact formula that changed everything.
You’ll discover the power behind the R.E.A.L. Wealth Formula, a simple, actionable path to financial freedom and legacy building: R: Reduce your monthly expenses E: Enlarge your active income A: Acquire passive income L: Live on your passive income — and leave a legacy
Brad opens up about hitting rock bottom, the turning point that transformed his mindset, and how he rebuilt his financial life through discipline, purpose, and faith. This episode is packed with practical tips to help you get out of debt, grow income streams, and start living life on your terms.
If you’re ready to stop surviving and start thriving, this episode is your roadmap to real wealth.
💡 Key Takeaways-
Real wealth isn’t just about money — it’s about freedom.
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You can’t build wealth without a plan to reduce expenses first.
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Increasing income creates options — and options create freedom.
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Passive income is the key to long-term stability.
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Leaving a legacy means building something that outlives you.
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🤝 Connect With UsWebsite: www.realwealthformula.com Phone: 877-77-MOGUL Email: Real Wealth Formula LinkedIn: Real Wealth Formula Instagram: @realwealthformula X (Twitter): @realwealthshow TikTok: @realwealthformula YouTube: Real Wealth Formula
⏳ Chapters
00:00:00 - Introduction 00:01:58 - What is the Real Wealth Formula? 00:02:52 - Step 1: Reduce Your Monthly Expenses 00:05:29 - Step 2: Enlarge Your Active Income 00:08:40 - Step 3: Acquire Passive Income 00:10:38 - Step 4: Live on Your Passive Income 00:11:20 - The Goal of Personal Finance 00:13:05 - Retirement and Wealth Defined 00:14:31 - Step 5: Leave a Legacy 00:15:15 - Personal Story: Overcoming Financial Struggles 00:22:57 - Conclusion
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