We all heard the buzzwords: Financial Freedom, Diversification of Income Streams, Passive Income, Frugal Living.

But what is the hype really about? Is it just the superficial wish to get rich fast?

Just another scheme to turn a new generation of young kids into consumers of the latest wave of self-help books and seminars? Is all this just a pipe dream after all?

Or can an argument be made for using your hard-earned money in smarter ways and, by redirecting your resources, creating passive income streams and by making smart choices about where to spend it and by being more frugal in the moment, actually live a more meaningful life?

The Three-Headed Hydra interrupted its summer swim to discuss this topic in detail.