Sentences with phrase «financial independence»

"Financial independence" refers to a state where you are able to meet your financial needs and live comfortably without relying on others for financial support. It means having enough money to cover your expenses, save for future goals, and have the freedom to make choices about your money without being dependent on someone else. Full definition
Perhaps the biggest barrier to entry when it comes to the concept of achieving financial independence early in life is the very nature of the journey itself.
Perhaps I reach my goal of financial independence by dividend investing one day.
My wife and I have been following this approach to reach financial independence for almost ten years.
Since I'm aiming for financial independence through dividend investing, the goal is to increase annual income as fast as possible.
Firstly, the main goal is to achieve financial independence through dividend investing.
But you CAN successfully reach financial independence in spite of breaking almost all of the «rules» of personal finance.
We aim towards financial independence by living — at some point — of our dividends.
I have been on the journey toward financial independence for many years.
The first theme is how to achieve financial independence by saving your income diligently, managing your money responsibly and growing your savings with discipline.
I'm currently 29 years old and have high hopes of achieving early financial independence at the age of 30.
We are focused on financial independence / retirement but have a general plan for college.
He saved $ 1 million in 5 years, reaching financial independence at age 30.
For 2016, I have thought about the following goals to get me closer to the above financial independence goals.
For me, that goal is to achieve financial independence as a means to a better life.
Every dollar I invested when I started by financial independence journey in 2010 is now worth over 3 dollars today.
With a little work, you can become financially fit and pursue financial independence with confidence.
While most folks who read this blog are likely pursuing financial independence through the creation of passive income in excess of their expenses, this isn't the case for everyone.
Resources: An outstanding list of personal finance books, podcasts, financial independence blogs, and forums where you can participate in wealth building topics.
If so, you've just taken a huge step toward financial independence from your parents.
My definition of financial independence means that you have enough money that you never have to work again.
Creating multiple streams of income is crucial for building financial independence and protecting your finances.
I have yet to find a better wealth creator and believe real estate is capable of providing financial independence for all.
We help our clients achieve and maintain financial independence through objective advice, education, and a disciplined process of analysis, review, and update.
Buying a term plan is a smart move, if you are looking to ensure financial independence of your family, when you are not around.
I achieved financial independence after the first year of pursuing my passion — something I had believed impossible.
Find ways to save money and keep moving forward at a sustainable pace towards true financial independence.
I still do this myself and view this as the single most important action for establishing financial independence — assuming you wish to retire while you're still young enough to enjoy it.
My # 1 goal is to help readers reach financial independence sooner, rather than later.
This may result in a longer completion time, but it can also allow for more financial independence.
We use the term financial independence when talking to clients, as opposed to retirement.
The basic principles behind early retirement are fairly simple; if you can save more than 65 % of your income, you can attain financial independence in less than 10 years!
Teaching kids how to budget is their first step towards financial independence when they are older.
We're talking about our own little community on the web of folks who want to create financial independence sooner, rather than later.
Besides the birth of my first child I feel very fortunate to be a part of our growing dividend / financial independence community.
After all, what's the point of working so hard for financial stability and eventually financial independence if it all can be torn away in a moment's notice?
Like you I have a goal of early financial independence so that I can have more flexibility to do what I want.
For example, many financial advisors (as well as financial independence bloggers) advise clients to rely on a 4 % withdrawal rule.
About Me: A brief glimpse of how my journey toward financial independence started, where I am at on the journey, and what I want to achieve.
The good thing about declaring financial independence is that you need to devise a plan first.
These are cheapest life insurance product that provides financial independence even when you are not around.
For example, people who report that they are happy at age 18 achieve greater financial independence, higher occupational attainment and greater work autonomy by age 26.
Having your own business can actually help you reach financial independence within ten years!
Most define financial independence as having enough money to cover expenses, without needing to work and earn a paycheck.
They keep debt low, usually paying off even their mortgages before hitting financial independence.
It is an unavoidable truth that if you want financial independence in retirement, you will need to save money while you are working.
And when I am saying fast track financial independence, I am talking about retiring in 10 years or less from today, even if you are starting with very little.
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