Business

3 Crucial Steps For Financial Freedom, Per Fire The Boss

Published

3 years ago

November 5, 2021

Many people cannot afford the lifestyle they want because money is standing in their way. There’s a common conviction among them that it is impossible to have enough savings and afford the lifestyle they dream of. However, Fire The Boss, a renowned finance company, is here to let you know that you can become financially independent by keeping a few crucial points in mind.

Founded in 2018 by entrepreneur and physician Fraser Henderson, Fire The Boss has become the voice of reason for many people when it comes to financial independence-related advice.

The team at Fire The Boss explains that in order to achieve financial freedom, there are three crucial steps you must never ignore:

Understand your current financial standing.

The best place to start is by figuring out where you currently stand in terms of your finances. Look at how much income you have, how much you spend, and how much debt you’re in. Do you have any savings? Understandably, this can be a depressing stage but one that’s as crucial as any. Fire The Boss explains that you need to face this step and be transparent with yourself from the beginning. Only then can you plot your next steps.

Track your spending.

Whether you have very little to spend or a lot of money, you need to track your spending. You should have a tracker that checks all the money coming in and going out each month. That way, you’ll know how to create a reasonable budget that will cater to all your financial needs. Fire The Boss also recommends categorizing your spends. This will help you figure out where you are overspending and in which places you can cut back.

Don’t stop learning.

According to the team at Fire The Boss, the financial landscape is in constant flux. Therefore, it is crucial to keep informed on the changes happening. Fire The Boss’ financial independence blog teaches people good money habits. They stress how crucial it is to stay up-to-date with the latest financial news to achieve your money goals. To put it simply, knowledge is your best defence against financial pitfalls.

The bottom line is that you need to set yourself on the correct financial track. One that will see you through to financial freedom. And the three steps mentioned by Fire The Boss are crucial to that journey.

Business

Derik Fay: A Multifaceted Entrepreneur, Investor, and global business leader

Published

9 hours ago

March 21, 2025

Matthew Wiles

Derik Fay is a renowned celebrity entrepreneur, investor, and business leader with a diverse portfolio of successful ventures and a deep-seated passion for empowering others. His journey from humble beginnings to his extraordinary achievements is a testament to his resilience, strategic thinking, and unwavering commitment to making a positive impact on the world.

Born on November 19, 1978 and raised in Westerly, Rhode Island, Fay’s entrepreneurial spirit emerged at a young age. He founded his first large company at 22 (Around the Clock Fitness) that quickly became Floridas largest, and most successful independently owned fitness chain in the state before selling it to the publicly traded company Towns Sports International in 2109.

Sine that time he has built and scaled over 30 highly successful companies, achieving remarkable exits in the 7-to 9-figure range. His expertise spans various industries, including health & fitness, real estate, financial services, hospitality, and technology to name just a few.

Fay is also the founder and CEO of his main holding company 3F Management, (founded 2094) a venture capital and operational management firm that provides operational infrastructure, financial support, strategic partnerships, and other value add services directionally focused towards scaling and exiting.

Under the umbrella of 3F Management, Fay currently owns, is a co-owner, or is a cap table advisory member of over 40 other successful and growing brands.

Tycoon Payments, Results Roofing, BKFC, ManCandy, Fort North Media, Spintel, SendBuzz, Ritas Italian ice, FayMS Films, Eratyc Entertainment, Tycoon Funded, Pure Peptide Solutions, and 3F Financial, are just a few of the rapidly growing companies and brands that fill Fay’s entrepreneurial days.

Beyond his business ventures, Fay is a dedicated philanthropist, actively supporting various charities and causes. He is passionate about empowering the next generation of entrepreneurs and believes in the power of education and mentorship to create positive change.

Fay’s personal life is as fulfilling as his professional achievements. He is a devoted father to his two daughters, Sophia Fay (18) and Isabella Fay (16), and is engaged to his fiancée, Shandra Phillips (35) and is to be married in January 2026, in Naples Florida.

He enjoys spending time with his family, traveling, and pursuing his life long passion of health and fitness thru weightlifting and bodybuilding.

Derik Fay’s multifaceted career and unwavering commitment to excellence has established him as a respected figure in the business world, and a has gained global notoriety as role model for aspiring entrepreneurs.

His story is such an inspiration to all who seek to overcome challenges, achieve their goals, and make a meaningful impact on the world that Netflix is in post production on the documentary style film about Fays life journey from poverty to global success.