This chapter explores the misconceptions surrounding financial independence and early retirement, particularly the myth that high salaries are the only route to success. It emphasizes the importance of balancing income growth with expense management, while addressing the diverse strategies within the FIRE community. Additionally, the discussion highlights the significance of informed financial planning, the role of risk-taking, and the value of passing financial knowledge to future generations.
If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money (Ray Dalio). In this episode, Eric and Jason talk about their personal "80/20 Rules" for retiring early. That is, the decisions they made along the journey that served as key pivot points towards ensuring their achievement of financial independence.
Show notes: https://twosidesoffi.com/roads