What is Financial Independence? The Freedom to Choose
Financial independence is living off your assets without needing to work, but wealth doesn’t buy happiness – it buys access, freedom, and influence. When you learn the building blocks for wealth creation, your life’s work is your choosing.
If you’re not getting wealthier, you’re building someone else’s fortune.
Do you imagine having a fortune? Do you envision leaving a lasting impact on the world from behind a desk? Having financial freedom means you can escape the 9 to 5, have the free time to experience life, and craft your life’s work as you so choose.
As I’m writing this, almost one-third of Americans between 18 and 34 years old still live with their parents. I’ve paid off $80k in three years by living with my parents after graduating with $165k in student loans, and trust me – the food is great, but the situation is far from ideal. I’ll save my student loan horror story for another page.
I wish I had the principles of FIRE (financial independence, retire early) shoved down my throat as a kid. By the time I educated myself about money, I was in the hole big time. I want to show you these principles.
Instead of teaching young people to be consumers, let’s teach them how to use money to their advantage. The first key to accessing wealth is having the right mindset, and the earlier, the better.
We’ve got no time for the whole “work hard and save” mantra. Let’s talk about real wealth building and jump into the FIRE.
The Fundamentals of Financial Independence
Financial independence is living sustainably on the income of your assets without having to work. To make this a reality, you need to change the way you think about money. Instead of trading time for money, financially independent people make money work for them.
Imagine having the freedom to pursue your passions, not just working for the weekend. Getting there takes sacrifice and discipline early on but it pays off big time down the road; you just have to believe in things you weren’t taught growing up.
The 4% rule is the ultimate budgeting glue that holds the financial independence blueprint together. If you break it, you could find yourself back at work after a short-lived retirement.
However, before you spend your retirement nest egg, you need to build it. Get familiar with the fundamental basics of planning your financial independence far in advance by learning how to reach your retirement number.
We make decisions with our money every day. To stay on top of your game, you need to know how your daily decisions affect your wealth.
Maximize Your Income
Who doesn’t want to make more money? If you want to retire early and wealthy, your foundation for earning money will be something you’ll need to work on each and every day.
College is a great time to expand your horizons and build your personal brand; it’s not a great time to ruin your financial future. Let’s talk about the things college students need to keep in mind to make sure they put their best foot forward into the future.
Whether you’re already a young professional or a college graduate looking for work, I’ll help you launch your career so you can retire before you’re in a wheel chair. You don’t want to work forever, so make as much money as you can while you work.
Making lots of money won’t make you wealthy – that’s only one half of the equation. Finding new and creative ways to keep cash is an exciting venture for those serious about financial freedom. The less you spend, the more you invest!
Here’s the first step for building wealth: pay yourself first. You’ll need to know your average monthly expenses in order to be financially independent. Check out my simple budget tool that’s helped me save $90k in three years.
Make Your Money Work for You
What’s the key to making money? It’s making your money work for you. The educational system does a poor job of introducing people to concepts that help your money multiply – let’s bring money back into the conversation.
You’ve worked hard for your money, so don’t let it go to waste. Learning how to make good financial decisions become great decisions is a continual process, and there’s always a new angle to consider.
Get familiar with the basics of investing along with a popular strategy for building towards financial independence.
Please remember: I’ll update this page periodically with new tools and resources you can use to bring your early retirement game to the next level, so keep checking in! Also, email subscribers get exclusive access to brand/wealth building courses, so sign up here and don’t miss out!
So Why Doesn’t Everyone Just Retire Early?
The sad reality is that most people don’t have a firm grip on their financial situation because we’re conditioned from birth to give our wealth away.
Luckily for you, you’re gaining crucial knowledge early enough to make the right choices for your financial future.
To become wealthy, you must learn the basics of wealth creation: increasing your income, budgeting, and investing wisely. Financial independence is within your grasp if you can re-wire your brain and change your money habits. Rethink what’s possible and make the change you always wanted to see in your life.
Don’t let money hold your life back – you can’t afford to keep living on someone else’s terms while building someone else’s fortune.
Get the tools necessary to build wealth and a better future.
Financial independence starts today.