10 Reasons to Go For Early Financial Independence

What does financial independence mean? It means you can quit work today and never work again while sustaining a lifestyle that is reasonable to you.

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. How do you get there? You make a bunch of money, save a huge chunk of it, and invest it wisely.

You can retire early

It’s called work for a reason- they have to pay someone to do it or nobody would. This is the main reason people go for early financial independence- they hate their job.

You can live somewhere that doesn’t allow you to earn a living

Docs are able to get a job in most areas of the country, but there are lots of fields where you have significant geographic limits on your jobs.

Your job is more enjoyable when you don’t have to do it

Many of us actually like what we do for pay. We spent a decade or more learning how to do it, we find it challenging and interesting, and we feel like we’re really making a difference in the lives of others.

Do Volunteer Work

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

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