Financial Independence Is NOT the Holy Grail

As a seeker of financial independence, have you placed FI status on a pedestal? Do you see it as a solution to a slew of problems you’re facing? If so, Dr. Jim Dahle says, you may very well be disappointed when you get there.

Dr. Dahle first shared his thoughts on this topic before he was financially independent and revisited the post with a recent update now that he’s easily post-FI.

He’s sort-of-happy to report that his original hypothesis does indeed ring true.

 Rather than focusing on reaching FI, it’s best to fix what’s not working for you in your life right now.

In the financial blogosphere becoming financially independent and sometimes retiring early seems to have become the end-all and be-all of our financial, and sometimes even non-financial existence. I think we’re giving it too much credit.

What Is Financial Independence?

First, let’s define financial independence. We’ll do it very simply—you can live the rest of your life without changing your lifestyle or receiving earned income.

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Physician on FIRE