What you are doing now won’t get you to where you want to be. If you want to quit your job you need to become financially independent.
The basic definition of rich is that your savings significantly out weighs your expenses. How do you become rich from where you are? Increase your income and reduce your expenses. Repeat.
Financial independence feels impossible for me. You reach financial independence when you have 25 times your expenses. Step 1: Calculate your expenses Me: 20,000 per year Step 2: multiple your annual expenses by 25 Me: 20,000 x 25 = 500,000 In theory, I need $500,000 to “retire” and live off my “investments”. Based on theContinue reading “The simplest math behind financial independence”
What does it mean to be rich? Being rich means that you can decide what you want to do without fear or anxiety about money. You can work because you want to work, not because you must work for money. How do you become rich? In the U.S. only a few will become rich. IfContinue reading “How to become rich”
Negotiate your salary based on your value.