Step 1 - Invest in yourself! Increase income and improve your savings rate with education, career advancement, entrepreneurship, and side hustling.
Step 2 - Reduce expenses without sacrificing lifestyle through budgeting, travel and house hacking, frugal living, tax avoidance, and paying off debt.
Step 3 - Grow your asset column and avoid costly mistakes by investing smartly in the stock market, real estate, retirement accounts, and proper diversification.
Step 4 - Plan for the inevitable catastrophe and preserve your wealth with adequate emergency funds, insurance, liquidity, safe withdrawal rates, and risk mitigation.
Who are we?
A collaboration of letters from real people sharing genuine experiences to help the next generation achieve Financial Independence. 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 Financial Independence (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
The pursuit of happiness is a path riddled with potential missteps. You must truly understand how best to utilize money and the most valuable resource it can purchase. It’s not the house, fancy cars, exotic vacations, gadgets, designer clothing, or anything similar that will bring you lasting joy. I’m fairly certain, everyone will agree that this one thing is the best investment money can buy.
Is your 401K growing slower than a tranquilized elderly snale stuck in molasses? Let me show you how to become a 401K Millionaire in about two decades. Turn your retirement account into several million dollars, as fast as possible, by follow these simple tips.