This has been on my mind for a while now. It seems so simple, yet most people have no idea. So I thought I would try to explain it as simply as possible in one post. This is not a get-rich-quick scheme, there is real hard work and discipline involved. But while there is no […]
Reaching financial independence with the FI formula
What is the simplest way to both represent Financial Independence and explain how to get there? The formula is pretty simple: Passive income > Living expenses When your passive income exceeds your expenses, you’ve reached financial independence. Passive income is income that comes to you without you having to trade time or work for it.Instead […]