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…
The CashflowCop has done the maths for several scenarios: student debt or no student debt, higher or lower income, being in couple or not, having kids or not… When will Adam in the UK and Amy in the US reach Financial Independence?
The CashflowCop has put together an extensive and well-structured beginner’s guide to Financial Independence. It includes a calculator and also some thoughts that are interesting not only for newbies.
Compound Your Freedom looks back on his journey to FI. Lots of costly mistakes (car ownership, credit card debt…) and lessons learned. Congrats to 50% FI!
Podcast: How to Pursue Part-Time Financial Independence | by FI Europe Working part time while pursuing FI means enjoying some of the benefits of FI before actually being FI. Jessica (Fioneers blog) talks about her approach of small steps on the journey to FIRE in this FI Europe podcast. You can read the full transcript here. Podcast created by financial-independence.eu
Podcast: The Challenges and Opportunities When Reaching FI in Serbia | Halt Catch Fire Peter from Halt Catch Fire has answered our questions in our Bloggers on FIRE series. He also got interviewed in the financial-independence.eu podcast. His home country Serbia might be a good spot for digital nomads. You can read the full transcript here. Podcast created by financial-independence.eu
Young FI Guy discusses the ongoing saga with Patisserie Valerie