Financial Independence: It’s Not the Final Chapter

financial independence

Financial Independence – what is it really? Is it when you finally rid yourself of all debts and can actually afford to buy some bling with cash? Or is it when you finally have enough money socked away for that inevitable future emergency?

There are many different opinions about financial independence. Some of them are blatantly wrong (like the emergency fund statement above), while others are close but are stretched a bit so that financial independence becomes more achievable for them.

A little advice for you. Don’t dumb down financial independence just because you’re not even close. Learn what it truly is, decide if it’s for you. And if it is, then work your butt off to get there in the least amount of time possible!

What is Financial Independence?

Surprisingly, I think Wikipedia did the best job defining financial independence:

Financial independence (FI) is generally used to describe the . . . → Read More: Financial Independence: It’s Not the Final Chapter

The Brooks’ Story: How We Got Out of Debt, Saved, and Are Working Our Way Towards Financial Independence

This post has been written by Sarah Brooks, a freelance writer fighting for financial independence within this world of materialism and consumption. Take a look at her awesome story below and her discoveries from her journey so far.

As a consumer living in America, we are surrounded by debt. Whether we’re adding to it, maintaining it or trying to claw our way out, debt is everywhere we turn. Debt is also a necessary evil—you have to have it in order to build your credit, but how much is too much?

When my now-husband and I met, the last thing we really cared about was our finances (just like everyone else, right?). We went on awesome vacations, purchased new computers and televisions, decorated our new apartment and didn’t think twice about going out to the bars a few times per week. Even though I majored in finance, being young and in . . . → Read More: The Brooks’ Story: How We Got Out of Debt, Saved, and Are Working Our Way Towards Financial Independence