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Episode 2575:
Mr. Money Mustache's insightful piece sheds light on the pitfalls of financial habits inherited from parents and the traps of conventional employment. It emphasizes the importance of financial independence and the freedom it brings, using a professor's story as a case study to illustrate how one can successfully transition from a traditional career to a self-directed life, free from the constraints of salary and artificial security.
Read along with the original article(s) here: https://www.mrmoneymustache.com/2013/01/29/pension-schmension-retire-on-your-own-terms/
Quotes to ponder:
"To retire, you need passive income to cover your annual living expenses, with a reasonable safety margin."
"The money-driven phase of your life is complete."
"More money beyond the reasonable guidelines noted already does not make your life better."
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Optimal Finance Daily - Financial Independence and Money Advice