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”
Category Archives: FIRE
My personal feelings about retirement
My view of retirement is completely different from my parents. There are so many beliefs that I hold that are completely opposite than my parents. My parents are conservative, I am liberal. They are counting on Social Security. I have no plans on relying on Social Security. I do not believe that I will everContinue reading “My personal feelings about retirement”
Your savings should always work for you
Cash in the bank gives you the most comfort. Knowing that you a significant amount of money waiting for you can give you a lot of freedom. If I lost my job tomorrow, yes I am an employee for a business, I really would not mind. It would be a bummer and I would haveContinue reading “Your savings should always work for you”
The tech piggy bank
This is the best time to be alive. Even in the face of a virus pandemic, all of us have so many things to be thankful for in our lives. I am thankful for technology. My parents always talk about the “good old days”. I never correct them when they talk about it, but IContinue reading “The tech piggy bank”
Are you living up to your financial potential?
There are many days where I feel like I am not living up to my potential. A lot of times my life feels like ground hog day. Or living for the weekend. Wake up, go to work, repeat. My work is not especially hard. And I am great at what I do. I know softwareContinue reading “Are you living up to your financial potential?”
