Financial Independence is the point where you have accumulated 25X your retirement budget in investments. For most, this will require $1M or more. Is that a daunting figure? Not really. You can achieve it in 15 years or less following 4 simple steps.
I became a Multimillionaire in 15 years on average pay
Believe it or not, I became FI by 40 with limited investment knowledge. I didn’t have a high powered salary, I didn’t pick winning stocks, nor did I live off ramen. Read on and I will share my personal financial story that led me to FI on a modest salary (and you can too!).
How FI will change your life
In Office Space, corporate burnout Peter is obsessed with obtaining a million bucks (a figure with which he can presumably quit work forever). Surely you would love to obtain $1M too, become master of your own life, and have the freedom to do whatever you want . . . or do nothing at all. This goal is known as Financial independence (FI for short).