I have a job, but my goal is to build a successful website about a topic I enjoy and reach financial independence. The going is tough, and things are moving much slower then I’d like.
Anyway, that’s me. I’d also interested in your stories. What are you doing to become financially independent? 14 hours ago
This goal continues…looked into my bank account and saw 105,000. Hell no! Gotta do something about this! 3 days ago
Stocks go up and down. As everyone’s balances have gone up there has been an increase in the water cooler talks about investing. While this usually indicates a crash within a few years, I’m confident because I’ve been maintaining my dollar cost averaging, maxing out retirement vehicles, and have a regular rebalancing of investment types. I also have 40 more years of nest-egg building before I need to take money out to live on.
In addition, in the past year, I’ve consolidated some debts, reduced interest rates on debts I do hold, paid off 1 car loan and am very close on a second. I’m sure I’m missing some details but I’m in a good mood today. 1 week ago
12/1/2013 set a weekly budget centered around weekly results 1 week ago
Because I find a job… haha 1 week ago
So I am that person who took a couple of gap years and then decided to get a degree. Since I left high school I have not had full-time employment and it kills me because I am in my mid-twenties and still asking the family for help. It’s awful and slightly if not very embarassing.
At this point, I am more than ready to get a full-time job and no longer stand on my family member’s shoulders. It’s time for financial independence. 4 weeks ago
I have new idea for business, and i want to learn about the business . 4 weeks ago
I’m ready to kick start my journey into financial independence even in the middle of the most trying economic environment.I’m in the process of reprogramming my subconscious mind.I’m ready. 1 month ago
make enough money to support myself over next 4 years 1 month ago
I’ve had a negative net worth my entire life until recently, so now it’s slightly (around $12k) positive. Given my living expenses, savings rate (just under 50%), career prospects, some assumptions about the stock market (average at least 5% above inflation), and an assumed safe withdrawal rate of 4%, I should hit financial independence in 18 years at most, and I don’t think 12 years is out of the question.
Next steps: Biggest thing I can do to shorten that is focus on my career, since any marginal income increase can go almost entirely toward improving my situation. I can cut expenses a bit, but I already live fairly cheaply.
A couple articles that are driving my targets both come from the blog Mr. Money Mustache (I have no affiliation):
How much I need
How to get there1 month ago