Here is a concise summary of the provided text:
**Story:**
A financial advisor, Sam, is impressed by his friend Bob's new Tesla but thinks buying the $53,000 car is a financial mistake. Instead, Sam invests $53,000 in Tesla stocks, earning a profit. However, he later learns Bob was also investing in Tesla stocks and had generated significant profits, highlighting that one can't judge others' financial situations by appearances.
**4 Practical Steps to Achieve Financial Freedom (based on Jonathan Clements' book "From Here to Financial Happiness"):**
1. **No Saving with Debt**: Clear all high-interest debts before starting to invest.
2. **Financial Safety Net**: Create an emergency fund to cover 6 months of living expenses in case of job loss or other crises.
3. **Invest Conservatively**: Invest in the stock market, focusing on well-known, reliable companies (e.g., those whose products you use). Consider global diversification for better returns and safety.
4. **Frugality Leads to Better Finances**: Develop good habits, save money, and invest for the long term. Allocate:
* <50% of income for expenses
* 12% for long-term investments (e.g., retirement)
* Consider creating multiple sources of income to reduce financial risk.
Here are the key facts extracted from the text, keeping each fact short and numbered, without including opinions:
**People and Events**
1. Sam Dogen, a financial advisor, considered buying a Tesla Model 3 in 2018.
2. Bob, a 31-year-old preschool teacher, bought a $53,000 Tesla Model 3 in 2018.
3. A lady gave birth to a baby in the front seat of a Tesla on autopilot in Philadelphia on September 9 (no year specified).
**Financial Transactions**
4. Sam Dogen bought $53,000 worth of Tesla stocks in October 2018 at $298 per share.
5. The Tesla stocks reached $367, earning Sam a $11,500 profit.
6. The stocks later dropped to $179, resulting in a $20,000 loss for Sam.
7. Sam sold 75% of his Tesla stocks at $888 per share after 2 years, earning a significant profit.
**General Information**
8. Warren Buffett is a major shareholder of Coca-Cola.
9. Coca-Cola's CEO earns a $16 million annual salary, while Warren Buffett earns $547 million in dividends from the company.
10. Author Jonathan Clements wrote "From Here to Financial Happiness", which includes 77 short lessons on financial freedom.
**Statistics and Research**
11. A US Department of Labor study on 7,900 citizens (ages 20-40) found a link between high credit card debt and increased stress affecting physical health.
12. Warren Buffett invested for over 7 decades and rarely sold his shares.
**Products and Services**
13. IND Money offers 0 account opening fees, 0 maintenance fees, and 0 brokerage fees for buying and selling US stocks.
14. IND Money provides an app for tracking investments, including mutual funds, stocks, and crypto.