Is it possible to stop working for money, i.e. retire early because you are financial independent, by the age of 40? Is this only a plan for IT guys who earn 80k+ salaries or can this dream come true if you earn an average salary of 40k per year? Would it still possible if you had kids? Or a student debt you had to pay down before you can really start investing? How would a side hustle impact your journey…
Podcast: How to maximize savings with children | Matthias | by FI Europe Podcast | The focus of this podcast episode is on kids: saving for children in the long run, frugal holidays with kids, planning FI as a family, etc. Matthias is a father of two kids and one of the hosts of the FI Europe Podcast. You can read the transcript and show notes here. Podcast created by financial-independence.eu
Podcast: The Joy of Building Side Hustles | Stanley | by FI Europe Podcast | Stanley is an employee and entrepreneur. He spends only a few hours per month for his business, as a passive income is for him the key to speed up the journey to FI. Hear or read more over at FI Europe. You can read the transcript and show notes here. Podcast created by financial-independence.eu
In some cases, you bettter spend money if you want to make it. StupidIsTheNorm explains why.
Thought experiment by Cashflow Cop: what if his children were 14 or 16 years old and had their first part time job, would he ask them to pay a rent? Or if they were 18 simply kick them out of the family home? He eventually finds an intelligent solution that shows his love.
Michael from @FoxyMonkeyClub explains Each Way Matched Betting in a comprehensive post