Why We Need Different Types of Financial Independence Story

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Personal finance is truly personal.

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This is a maxim that can be difficult for some to follow. While some folks find one recipe to achieving financial independence resonates with them, some other individuals find it easier to tread a different path, whether due to their own circumstances, starting point, income, or more.

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Just as there are many roads to Dublin, there are many ways to reach your goals.

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Financial independence is the end goal for pretty much everyone in the FIRE Community. If you intend to become financially independent at some point in your life, then FI is what you strive for.

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It doesn’t matter if you want to reach FIRE and retire early in your 30s or if you are happy working (even if it’s just on a part-time basis) until you are 60 or 70 – the end goal is the same. It doesn’t even matter if you want to achieve Lean FI, “Standard” FI, or Fat FI. The math is the same for everyone.

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But the answer to the question of how to best approach financial freedom isn’t as simple and looks different for everyone.

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Read The Full Article By Clicking Below

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Why We Need Different Types of Financial Independence Story

Personal finance is truly personal.

This is a maxim that can be difficult for some to follow. While some folks find one recipe to achieving financial independence resonates with them, some other individuals find it easier to tread a different path, whether due to their own circumstances, starting point, income, or more.

Just as there are many roads to Dublin, there are many ways to reach your goals.

Financial independence is the end goal for pretty much everyone in the FIRE Community. If you intend to become financially independent at some point in your life, then FI is what you strive for.

But the answer to the question of how to best approach financial freedom isn’t as simple and looks different for everyone.

Read The Full Article By Clicking Below

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