financial independence
The freedom to live life without the constraints of paycheck-dependence is a pinnacle I’d like everyone to experience.
Automation is a key component of a great savings rate. It’s tough to spend money that never hits your bank account, and you’re less likely to miss that money when it’s destination is pre-determined.
The beauty of these taxable investments is that there are no age limits or other restrictions. The money is there to use whenever and however you see fit. More than half of our retirement savings is in taxable investments.
Your best bet to eliminate student loan debt is usually one of two options. Either pursue Public Service Loan Forgiveness (PSLF) while paying the lowest amount possible for ten years or refinance to the lowest rate possible and pay them off in under a decade.
Lowering your monthly and yearly expenditures has a dual effect that will have you racing towards FI.
Physicians make numerous mistakes when it comes to disability insurance. Look to a trusted independent agent to get you a policy that will cover you for your own occupation and specialty.