10 Reasons to Go For Early FI (Financial Independence)

Today we’re going to talk about why you should become financially independent as soon as possible. What does financial independence mean?

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A rule of thumb is that you need 25 times what you are actually spending socked away in investments to be FI. Spending $120K a year or $10K a month? Then you need $3 Million to be FI.

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How do you get there? You make a bunch of money, save a huge chunk of it, and invest it wisely. Without further ado- ten reasons to become financially independent as soon as possible.

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10 Reasons to Go For Early Financial Independence

Some of the worst parts about medicine come from its all-consuming 24/7/365 nature. People get sick at all hours of the day or night.

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However, that doesn’t mean YOU have to take care of them at those times. In many instances, it is possible to buy your way out of having to stay up all night or be available all the time.

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There are many volunteer opportunities in medicine. Unfortunately, most of them require significant time and commitment.

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# 3 Spend More Money

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Now you have the opportunity to pursue any career you like without regard to the financial ramifications. You could even go back to college and get that art history degree your practical father talked you out of!

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# 5 No More Life and Disability Insurance Premiums

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