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 expensesE: Enlarge your active incomeA: Acquire passive incomeL: 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. You can’t build wealth without a plan to reduce expenses first. Increasing income creates options — and options create freedom. Passive income is the key to long-term stability. Leaving a legacy means building something that outlives you. 🔗 Resources and Links Mentioned REIBIZ: reibiz.comFreedomSoft: realwealthformula.com/sponsorsPropStream: realwealthformula.com/sponsorsWells Fargo: wellsfargo.com 🤝 Connect With Us Website: www.realwealthformula.comPhone: 877-77-MOGULEmail: podcast@realwealthformula.com 📱 Social Media Channels Facebook: Real Wealth FormulaLinkedIn: Real Wealth FormulaInstagram: @realwealthformulaX (Twitter): @realwealthshowTikTok: @realwealthformulaYouTube: Real Wealth Formula   ⏳ Chapters 00:00:00 - Introduction00:01:58 - What is the Real Wealth Formula?00:02:52 - Step 1: Reduce Your Monthly Expenses00:05:29 - Step 2: Enlarge Your Active Income00:08:40 - Step 3: Acquire Passive Income00:10:38 - Step 4: Live on Your Passive Income00:11:20 - The Goal of Personal Finance00:13:05 - Retirement and Wealth Defined00:14:31 - Step 5: Leave a Legacy00:15:15 - Personal Story: Overcoming Financial Struggles00:22:57 - Conclusion