This post is part of a 30 days series called the 30 steps program to financial independence. You can check the list of other posts here. Yesterday, I talked about priorities on your spending, and making a list of what is important to you, hence dedicating a bigger portion of your income to it, and what… Read more
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Step 11: Prioritize what is important
This post is part of a 30 days series called the 30 steps program to financial independence. You can check the list of other posts here. Prioritize what is important As we saw yesterday, one of the ways to reach financial independence quicker is to minimize your wants, those impulse purchases you will regret later on,… Read more
Step 9: Minimize your stuff
This post is part of a 30 days series called the 30 steps program to financial independence. You can check the list of other posts here. Step 9: Minimize your stuff You may wonder, what does my stuff have to do with financial independence? Well, it does. I talked earlier about how you… Read more
Step 7: Invest
This post is part of a 30 days series called the 30 steps program to financial independence. You can check the list of other posts here. Step 7: Invest The goal of financial independence is to have sufficient income generated by investment periodically, so you don’t have to go back to that dreaded office… Read more
Step 6: Find sources of passive income
This post is part of a 30 days series called the 30 steps program to financial independence. You can check the list of other posts here. So yesterday we were talking about having several sources of income. You can take freelancing job, register on Elance or sell your craft on Etsy, the thing is, you are… Read more
Step 5: Multiply your sources of income
Yesterday’s step to financial independence was about growing your income. While you may ask for a raise at work, remember the numbers we ran on day 3. If I want my money to generate $1,000 per month until I die (at 95, mind you), I need $750,000 in the bank. Or I need to buy… Read more
Step 4: Grow your income
We talked yesterday about how much you will need to reach financial independence. To me, that was $50,000 to buy a house, $30,000 for a 30 months emergency fund (or living fund while I look for a job if my plans fails!), and a source of passive income generating at least $1,000 per month for… Read more
Step 2: Start Small
Yesterday we saw that saving is the first step towards financial independence. You have to save money, quite a considerable amount of it, in order to be someday financially independent. And just like a diet, you need to start small. You can’t start by saying ”I will save $2,500 every month” if you make $3,000…. Read more
Introducing the 30 steps program to financial independence
I’m happy to announce my 30 days series about how to reach financial independence. This is not a bootcamp to get your finances in order, more a guideline on how to get started on the way to financial independence. Once you go through it with me, talking about how much you need to be financially independent,… Read more
Coming up: 30 ways to reach Financial Independence
I am starting a series in August, that I hope you will like. I will describe 30 ways to reach financial independence, one per day. We will talk about the basics, like saving money, starting a fund for your future financially independent life, and run a few numbers to see how much you need to… Read more
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