Learning how to save 50% of your income is a great way to set yourself up for financial independence. Maximizing savings is something anyone can do, regardless of income.
From The FI Way …
While Santa’s busy evaluating the deeds of children, his CFP is on a mission to determine if those pursuing Financial Independence have been naughty or nice.
From Financial 180 …
The Financial Independence community has grown significantly since I discovered it back in 2014, bringing balance to the extreme spenders trying to keep up with their ‘crazy rich’ neighbors. There are dozens of new blogs, podcasts, and online resources that didn’t exist when I first started my journey.
The problem is, as the message spreads, so do the misconceptions. I find myself constantly addressing the same misunderstandings and myths with many of my readers, friends, and family just discovering FI, so I wanted to create a resource to debunk many of these myths once and for all. Let’s dive in!
From CNBC …
A growing percentage of Americans believe they’ll have to work well into their 60’s and beyond in order to save up enough for retirement. In fact, Northwestern Mutual’s 2018 Planning & Progress Study found that 73 percent of those planning to work past traditional retirement age are doing so because they don’t have enough saved up to retire comfortably.
But on the other side of the spectrum, there’s a cohort of people striving to retire early .
To find out where you fall, personal finance blogger Zach of Four Pillar Freedom created a simple chart that breaks down how close you are to financial independence , or early retirement, based on how much you’re able to save and invest each month.