Which is the best blog for financial independence?
Explore the opinions of the BEST Early Retirees, Financial Independence Chasers, and Personal Finance Blogs to see their journey and how tackle the path to financial freedom. Disclosure: This page may contain Amazon or other affiliate links where theFIway.com receives compensation of some sort.
How old do you have to be to have financial independence?
The Millennial generation is realizing financial independence should be a goal and that it’s possible by age 30, as Grant has proven. He went from an unemployed post college student living with his parents and 2 dollars to his name to over $1 Million in just 5 years.
How long does it take to become financially independent?
On January 1, 2013, he vowed to become financially independent in 1,500 days. He achieved it and celebrated his 15th anniversary financially free. Having a net worth hovering around $2M, he is able to sustain his family’s lifestyle while experimenting with real estate flipping and creating small businesses.
When did Milo Anderson blog about financial independence?
Staring in early 2016, anesthesiologist Milo Anderson began blogging after achieving financial Independence at 39 years old. He sold his luxury waterfront property and focused on becoming a family man and enjoying the outdoors. He is only working part time now and relishing the freedom with his wife and two young boys.
What does it mean to be financially independent?
Financial independence (FI) is when you are no longer dependent on the income from a main job to be able to meet your household expenses and reach your financial goals. You can be financially independent if you have such low expenses that you just don’t need much money coming in.
Is the financial independence, retire early movement a crazy idea?
The Financial Independence, Retire Early (FIRE) movement took a lot of criticism early on. However, more and more people are starting to recognize the need to gain financial independence. It’s not as crazy an idea as people used to say. In the wake of the coronavirus, people now understand better the importance of financial security.
Do you have to make sacrifices for financial independence?
If so, one of the sacrifices you may need to make to reach financial independence will be to either reduce your contact with this person (or people), or even eliminate them from your life altogether. I know that sounds harsh, but is also totally necessary.
Why are more people not achieving financial independence?
One of the reasons more people don’t reach financial independence is they’re afraid – not of being financially independent, but of the changes in their lives they’ll have to make to get there. Taylor R. Schulte, CFP, Financial Planner, Founder & CEO, Definefinancial.com recognizes it doesn’t happen overnight: