The Financially Independent Retire Early movement has swept the nation in recent years. Though the concept has been around for decades, it’s been seen as a millennial-driven craze. The same people that talk down on my generation about laziness, willingness to work etc… are the same ones that are about to be left behind when it comes to retirement. In other words, they’re salty because they seeing people half their age with 10x the net worth.
Financial independence has various definitions. To me, it means that I have enough net worth to decide when, where and what projects I work on. It means I can walk into the office tomorrow and tell my boss that I quit (I can’t do that… yet). It means I can pay myself a salary from my investments. The basic definition is as follows: Financially independent people have assets that generate income that is at least equal to their expenses.
**Full Article: **The Family Guide to Financial Independence Retire Early)
Financial Independence Resources:
Imagine if your family could learn to budget, save and invest enough to become financially independent before the age of 65.
Hi, I'm Nick French! I'm here to show you through my own experience, exactly how you can get on the path to financial independence and reach retirement on or before the age of 65. FIREtheFamily.com)
Support this podcast: https://podcasters.spotify.com/pod/show/firethefamily/support)
PodQuest PodQuest Podcast Discovery Engine