What Financial Independence Looks Like Today with Brad Barrett of ChooseFI
Frugal Friends Podcast
00:00
The Evolution of Financial Independence
Financial independence is saving money until you reach a point where your assets can kick off enough income or pulling X percent, probably three or 4% of those assets out every single year to live on. At the very broadest level, okay, I'm saving money. It's compounding. I'm investing for most people. There's every possible flavor. And that money is compounding while I'm continuing to work, continuing to save. And I get to this number and I theoretically then have reached a point of financial independence. So I don't think anything has changed in that regard. But I think the entire tenor of the conversation has changed. The caricature of the FIE community has
Transcript
Play full episode
