Journey to Financial Independence - theFIway

Letters teaching Next Generation's the way to Financial Independence

Parenting to Prosperity

Real People. Genuine Stories. Legit Letters teaching next Generations the way to Financial Independence.

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increase income

Step 1 - Invest in yourself! Increase income and improve your savings rate with education, career advancement, entrepreneurship, and side hustling.

Earn More Letters

budget and frugality

Step 2 - Reduce expenses without sacrificing lifestyle through budgeting, travel and house hacking, frugal living, tax avoidance, and paying off debt.

Spend Less Letters

Invest smartly

Step 3 - Grow your asset column and avoid costly mistakes by investing smartly in the stock market, real estate, retirement accounts, and proper diversification.

Invest Smart Letters

avoid financial disaster

Step 4 - Plan for the inevitable catastrophe and preserve your wealth with adequate emergency funds, insurance, liquidity, safe withdrawal rates, and risk mitigation.

Avoid Disaster Letters

Who are we?

A collaboration of open letters from real people sharing genuine experiences to help the next generation achieve Financial Independence (FI) and/or Retire Early (RE)…FIRE. The path to Financial Freedom is not taught in schools and may be discovered when it’s too late to have a meaningful impact on life. Introducing the concept of FI is one of the greatest gifts parents can give to their children. Our effort will provide a strong foundation of Financial Literacy that can drastically improve the pursuit of happiness. Read More About theFIway

Latest Letter

What Should I Major in to Become Financially Independent Quickly

Every college applicant will need to find the answer to a very important question, “What Should I Major In?” I’m writing this letter to my children to show a practical method that I used to go from minimum wage to over SIX figures in just 3 years. A degree with significant return on investment is one of the best ways to become Financial Independence relatively quickly.

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Spotlight

Financial Independence and Retirement Calculators are near Useless

Forget the online Financial Independence calculators used to predict early retirement and investment returns. I’m sorry, but you need to create a customized plan to FI or hire a professional to do so. Don’t be discouraged and give up based on results of these tools and think, “I’ll never retire, if I need a bajillion dollars to do so.” Let’s see how a typical american family can retire earlier than anticipated.

[Read More…] about Financial Independence and Retirement Calculators are near Useless

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