The typical number that most people in the FIE movement throw out is that they want to save about 25 times their annual spending so that they can achieve financial independence. Now is a really good time to revisit that calculation because if you can withstand a 20% hit and you can still hit your FIE targets, that is a much better time to do so. The more conservative you can be with your assumptions, the more you can withstand the shocks that we've seen in the markets.
Over the holiday weekend, we take a break from the cookouts and fireworks to focus on FI – Financial Independence. Dylan Lewis and Brian Feroldi discuss: - The core principles of FI and the different styles it can take - Why a down market is a great time to check in on your financial independence and retirement progress - Why it’s not too late to get started if you feel behind! Note, this episode is a re-air of a conversation originally recorded in July, 2022.
Host: Dylan Lewis Guests: Brian Feroldi Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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