Daniel Spils in Seattle is doing 17 things including…

make a plan for financial independence

15 cheers

 

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Daniel Spils has written 1 entry about this goal

I think about this, but I'm not sure I know what it means

I feel fortunate at this juncture in my life. I’ve had financial pitfalls in the past but right now I’m doing well: manageable expenses which have decreased a bit over the past 2 years and a solid income. Not owning a car has been a nice way to free up cash for savings and monthly spending cash.

When I think of “financial independence” I tend to think:
  • own a house (no mortgage)
  • 12 months expenses in the bank
  • cashflow from conservative investments
  • healthcare, taxes and recurring expenses planned for

Which means what? That I need $50,000/year post-taxes to live the good life? Or would I be happy with $2,000/mo in cashflow in addition to regular working income (as I never imagine myself not earning other income)?



Daniel Spils has gotten 15 cheers on this goal.

 

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