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Two Sides of FI
Are You on Track? Our 2024 Financial Review
Feb 9, 2025
Discover the critical financial elements to review yearly, particularly net worth and withdrawal rates. The hosts dive into personal savings strategies and the importance of tailored approaches to achieve financial independence. Hear insights about international investments, managing expenses, and rebalancing portfolios. They stress the value of budgeting for travel and adapting spending habits. Finally, reflect on the evolving mindset from pre to post-financial independence and the optimism for future goals.
51:59
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Quick takeaways
- Conducting a year-end financial review is essential for both pre- and post-FI individuals to track their financial health effectively.
- Setting realistic savings targets and measuring them against income percentages is crucial for building and maintaining wealth over time.
Deep dives
Year-End Financial Review
Conducting a year-end financial review is crucial for individuals on their financial independence journey, whether they are building wealth or sustaining their post-FI lifestyle. This review typically encompasses various aspects like net worth evaluation, goal-setting, and assessing savings targets. The speakers emphasize the importance of tracking net worth consistently, as both pre-FI individuals and those who have reached FI can benefit from monitoring their financial health. This process not only allows individuals to gauge their progress but also helps in identifying any necessary adjustments to their financial strategies moving forward.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode