Dr. James Turner believes he has discovered the real secret to financial success, and I think he may be on to something.
Is it how early you start investing? Or is it the investments you make that matter the most?
Does mastering the backdoor Roth, tax loss harvesting, and maxing out every single penny of tax-advantaged space available to you guarantee financial success?
To become financially independent, two things must happen. We must live on substantially less than we earn, and we must invest the difference.
We didn’t mean for our “dream home” to trap us into our lifestyle. Or maybe for you, it is the private schooling for the kids, a fast car, or designer clothes.
Truthfully, we must realise that money is not the real object. Ultimately, we are trying to earn and save enough to be able to spend our days how we choose. This is the ultimate form of freedom.