Build A Wealthy Spirit #72: What is True Financial Independence?
Sammie and Michelle start with a little conversation about their recent travels and some unexpected small town problems. After that, they get into the topic of what is true financial independence. This episode they talk about financial independence and what it technically means as well as what it means to them. When discussing the financial independence retire early (FIRE) movement, they find people can get caught up with the "retire early" aspect which doesn't resonate with everybody. However, Sammie and Michelle believe the real benefits of FI are outside the ability to retire from working forever.
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Show Notes:
- Financial independence (Wikipedia)
- "To be among the top 10 percent worldwide, you don’t even need six figures: A net worth of $93,170 will do it."
Status Post Adulting Episodes Related to Personal Finance:
- 5: Personal Finance Basics (Apple or Spotify)
- 16: Tracking Your Spending (Apple or Spotify)
- 23: Unlocking Creativity and Confidence with Financial Independence (Apple or Spotify)
- 27: Compound Interest (Apple or Spotify)
- 31: How To Invest In Index Funds (Apple or Spotify)
- 56: Tackling Credit Card Debt with John & David of Debt Free Guys | Queer Money Podcast (Apple or Spotify)
- 67: Do You Even Need An Emergency Fund? (Apple or Spotify)
Find more show notes and interact with the Build A Wealthy Spirit community at buildawealthyspirit.com!