How to Use Money as a Tool to Achieve Financial Independence With Diania Merriam
The Personal Finance Podcast
00:00
The Importance of Financial Independence
Financial independence is defined as having 25 times your yearly expenses in a nest egg. When you have FU money, and again, this is easily accessible, I don't like to hold my FU money in my retirement vehicles,. But what this allows you to do is when your boss asks you to do something you don't want to do, or when your work environment changes, you get to say FU or peace out for the polite among us - that's one way of looking at it. And we're going to talk about both FU money and cost-fi status which we can talk about today.
Transcript
Play full episode
