This week we discussing our journey to Financial Independence. We talk through what financial independence is…which is first and foremost not ever having to worry about money. It’s living your life and making all your big decisions with money NOT being the first consideration. It is feeling confident in that fact that you are free to do what is important to you without having to worry about where your next paycheck is coming from.
We reached financial independence in our 30s by saving up to 70% of what we made and using the Trinity 4% rule as our foundation to figure out how much money we needed before calling it quits. However, even a small measure of financial independence is better than nothing. How do you gain that?
An Emergency Fund. Having an emergency find which is 3-6 months of living expenses for anything that might happen is the first step in being financially free and gives you options if and when something goes wrong. Start today, even if it’s only saving an additional $10 a month. Every little bit helps and financial freedom, a life without money worries is something everyone should be working towards.
What about you? Do you think financial freedom is possible for you? Where are you on your journey?
Have a question for a future Tuesday Talk? Let us know in the comments below!
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