Financial Independence

five young adults enjoy a walk downtown happy they are saving their money SheeksFreaks Financial Skills for Young Adults

Post #27: Why You Should Pursue Financial Independence

As I’m sure you already know, a person reaches financial independence (or FI, for short) when they no longer need to work for money. It takes dedication and sacrifice to become financially independent. So why would someone want to get to FI in the first place?

four young male adults take a break after hiking in the hills outside the city SheeksFreaks Financial Skills for Young Adults

Post #7: How to Retire 10 Years Before Your Parents

First off, it’s not a race. Please don’t go to your parents and say, “I bet I can retire before you!” But if this idea sounds attractive or appealing to you, then make it your own secret goal.

four teens discuss financial strategies at school SheeksFreaks Financial Skills for Young Adults

Post #2: What Is Financial Independence (FI)?

Financial Independence = the point at which one’s passive income plus sustainable asset withdrawal is greater than their living expenses indicating that the individual no longer has to work for money.