Financial Freedom and the Four-Day Workweek: A Millennial Perspective

The Four-Day Workweek: A Path to Financial Freedom for Millennials

Financial freedom is a goal that many millennials strive for, and for some, it means embracing intentional spending and reevaluating their work-life balance. In a recent episode of the HerMoney podcast, host Jean Chatzky explores the concept of financial freedom and the growing trend of a four-day workweek among millennials.

Senator Bernie Sanders recently proposed legislation that would make the four-day workweek a reality for all Americans. He argues that despite technological advancements and increased productivity, many Americans are still working long hours for less pay, leading to negative impacts on mental and physical health. A study out of the UK supports this idea, showing that companies that implemented a four-day workweek saw happier employees, lower turnover rates, and increased efficiency.

Holly Trantham, founder of The Financial Diet, has been a proponent of the four-day workweek for years. Her company adopted this schedule three years ago and has seen positive results, including improved work-life balance and increased revenue. By focusing on where their time is most valuable, The Financial Diet was able to reallocate resources to more profitable ventures, such as their membership program and YouTube channel.

Trantham also discusses her definition of financial success, emphasizing that it looks different for everyone. While she may not own a home or a business, she and her husband have stable incomes, robust savings, and the ability to invest and travel. She believes that financial success is about having enough to live the life you want and feeling secure in your financial decisions.

Ultimately, the four-day workweek and intentional spending are key components of achieving financial freedom for millennials. By reevaluating their work schedules and financial priorities, many are finding new ways to balance work and life while building a secure financial future.