It’s not a typo, it’s a question.

Why try to become Financially Independent. Silly question, really. Nobody equates ceasing to work with being financially independent, they think of it as being retired. And for some, that prospect scares them. Oh sure, people conjure images of swinging in a hammock somewhere above white sand when they think of retiring, or worse, not believing they will ever stop having to work.

You see, the reason we end up there is that we are taught to spend what we earn. Everywhere we look, marketing abounds. Friends and families spend, neighbors talk. The Joneses will always have more than us.

But we go right along keeping up with them. Being egged on, encouraged and develop the herd mentality that leads us to do this without batting an eye. In fact, it’s countercultural to do otherwise.

Becoming financially independent means different things to different people. But at its core, it means not being dependent on trading time for money. Not working for wages or commissions. It means being independent of someone  – such as an employer – for money to live.

Your lifestyle is supported by money that has already been set aside as to generate enough money to keep you in your desired lifestyle and pay your expenses.

How did we do it and countless others in our world? By learning to set aside 1) money before it was taxed and 2) some more after it was taxed. How is that possible, you ask? Either like the turtle – slow and steady over many years – or like the hare – saving intentionally and spending 20, 30 or even 50% less than is earned.

It’s actually twofold – on one side it’s about where and how the money is saved or invested and where and how it’s spent.  Read about both sides here.

Why FI

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