How Close Are You to Financial Freedom? Calculate Your Freedom Score

What if you could actually put a number on your financial freedom — and see exactly how far you’ve already travelled towards it?

In this episode of Start Here, Canna explores the Freedom Score: a simple way to measure how much of your current lifestyle could theoretically be funded by the passive income your investments are already generating.

She also explains how the Freedom Score compares with the Mindful Money Number — the personal annual passive-income target Canna has used for years to define and track her own journey towards financial freedom.

Using simple examples, Canna explains how to calculate both numbers, why your Mindful Money Number needs to consider factors such as income tax and inflation, and why your number should reflect the life you want to fund rather than somebody else’s definition of wealth.

Canna also shares the progress of her own $1,000 Project, now worth approximately $380,000 and generating around $17,000 a year in passive income. With that income being reinvested, the portfolio itself is now helping to buy more investments — demonstrating why starting earlier and giving your money time to compound can make such a significant difference.

In this episode:

• What financial freedom actually means

• How to calculate your Freedom Score

• What your Freedom Score can tell you about your progress

• The difference between a Freedom Score and a Mindful Money Number

• How to choose a passive-income target that is meaningful to you

• Why income tax needs to be factored into your Mindful Money Number

• Why inflation matters, particularly when financial freedom is a long-term goal

• How to measure your progress without becoming overwhelmed by the end goal

• Why starting earlier gives your investments more time to work

• How reinvesting passive income can help accelerate the compounding process

• How Canna’s $1,000 Project is now generating approximately $17,000 a year in passive income

• Why you should focus on your next 1%, rather than becoming fixated on reaching 100%

This is Part One of a two-part Start Here series on financial freedom.

In Part Two, Canna moves from measuring financial freedom to building it, with a practical roadmap to help you create more financial breathing room, reduce debt, build assets, reinvest income, use super strategically and steadily increase your passive income.

Because saying “I want to be financially free” is an aspiration.

Giving financial freedom a number turns it into a goal.

Don’t focus on getting to 100%. Focus on your next 1%.

💡 If you want my help with your Budget or Money Mindset

Want more support on your financial journey? Here’s how we can work together:

1. The SugarMamma Budget & Cashflow Academy
   Sick of living paycheque to paycheque or feeling overwhelmed by your money?
   This course includes aone-on-one appointment with me so I can personally help you.
   👉 Enrol here

1. Money Mindset & Manifestation Mentorship
   Join my program for ongoing support, clarity, and motivation around the way to show up and work on your financial goals and dreams, including attracting the life that you want. Get started here.

📚 My Books

If you’re ready to deepen your financial knowledge, check out my books, including our new one:

• Twelve Months To Financial Freedom: https://link.amazon/B0hPdGjCm
• Best Seller:The $1000 Project
• **Mindful Money](https://amzn.to/3RV0poc)
• Motivated Money by Peter Thornhill(a huge inspiration for me): Read it here

(These are Amazon affiliate links to my own books.)

🌟 Stay Connected & Inspired

• Instagram:@SugarMammaTV — money, budgeting, cashflow & motivation
• Instagram:@CannaCampbellofficial — lifestyle, capsule wardrobe fashion, motherhood
• Substack Quiet Wealth: https://substack.com/@sugarmammaquietwealth
• Keynote speaking book via canna@sugarmamma.tv
• TikTok:@SugarMammaTV
• YouTube:SugarMammaTV — over 500 bite-sized videos with more than 12 million views!
• Website:SugarMammaTV.com
• Don’t forget my other podcast:How Do They Afford That? 👉 Listen here

⚖️ General Advice Warning

While we discuss financial topics, everything shared here is general information only — never personal, product, or investment advice. Always:

• Do your own research.
• Weigh up the pros, cons, fees, caps, taxes, and risks.
• Seek professional advice before making financial decisions.

📜 Financial Planning License Details

The information in this podcast does not take into account your personal circumstances, goals, or needs. Always read relevant Product Disclosure Statements before acquiring any financial product, and seek independent financial advice where appropriate.

Canna Campbell is an Authorised Representative and Financial Adviser of Links Licensee Services Pty Ltd (AFSL No. 700012 | ABN 97 678 975 589).