Top 5 Ways to Derail Financial Independence & Early Retirement

Does the concept of financial independence appeal to you? Would you like to have the option to retire early? Great! Me too!

One of my goals is to help give you the knowledge and motivation to help make FI a reality. I’ve talked about why you might want to retire early and how to go about it. I would be remiss if I didn’t talk about how not to do it.

The only way to accumulate the money required to call yourself financially independent is to not spend it all. The higher your savings rate, and the lower your expenses, the sooner you will be FI.

Live Beyond Your Means

You’re smart enough to have become a high earning professional, you’re smart enough to have found this obscure website. By golly, you’re smart enough to learn how to make simple investment decisions.

Trust the Wrong Person to Handle Your Money

A single year isn’t going to make or break it for you, but I declined, keeping my eyes on the prize. The sooner you start, the sooner you’ll be financially independent.

Start Late

Your mileage may vary, but most often, a divorce will derail you from your FI track. A prenuptial agreement might help some, but not nearly as much as maintaining your marital status.

Get Divorced

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