Tuesday, April 2, 2019

Reaching Financial Independence: See Our Ten Stages

Here is the link.

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Financial independent number - FIN number
How to calculate the number?
Annual expenses X 25 = Financial Independence

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Using stock portfolio as an example

4% rule - 7% stock return.

10 Stages

1. Stage 1       < $0
2. Stage 2       = $0
3. Stage 3        > $1
4. Stage 4         $10,000
5. Stage 5         $50,000
6. Stage 6         10% FY number
7. Stage 7         25%
8. Stage 8         50%
9. Stage 9         75% FY number  (double 7 years)
10. Stage 10    100%

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