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This guide to financial independence is part of the How to Get Rich trilogy for new Overall, the real value of your income is partially determined by the amount.
Table of contents
- 10 Ways to Become Financially Independent
- Step 1 – Get Control of Your Money
- Financial independence - Wikipedia
10 Ways to Become Financially Independent
He had a lot of friends at FinCon, which this year drew over 2, financial-content creators to Washington, D. My ex-wife and I put the kids through college, and saved as much as we could afford to; I started investing at age 14 and, judging from those account balances today, have done a reasonably good job of it ever since.
Comedian Groucho Marx famously said that he refused to join any club that would have had him as a member. Critics suggest that FIRE achievers are self-absorbed and self-indulgent in their own ways, anxious to reach retirement so they can stop working and goof off for the rest of their lives.
In fact, these more-experienced FIRE members would suggest that I am one of them — despite no plans to retire — because I control my destiny rather than being controlled by the salary from my day job. Reach a level of security where you can live out your days comfortably, without being a burden to your family, where you have the choice to work and the ability to spend money on things that are important to you and you have achieved financial independence by every standard that matters. You don't have to have everything figured out because you need to start somewhere.
The sooner you get started, the further ahead you will be five years from now. You'll be that much closer to your goal of financial independence and you'll be that much closer to the life of your dreams. Entrepreneur Media, Inc. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site both directly and through our partners.
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Step 1 – Get Control of Your Money
Revoke Consent Submit Consent. Personal Finance. Next Article -- shares Add to Queue. Image credit: Dana Neibert Getty Images. Dustin Mathews. VIP Contributor. January 25, 5 min read. Opinions expressed by Entrepreneur contributors are their own. More from Entrepreneur. Get heaping discounts to books you love delivered straight to your inbox. Sign Up Now. Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
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Financial independence - Wikipedia
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