Financial Freedom Archives - Page 3 of 3

10 Levels of Financial Independence And Early Retirement (How to Retire Early)

Financial Freedom, Financial Independence, Retirement / Steve Burns

In the FIRE movement (Financial Independence, Retire Early) there are 10 levels generally considered the journey from financial dependence to financial abundance. It can help psychologically to look at achieving financial independence as steps to new levels, one at a time. It is easier to focus on the next level than to see how far […]

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Financially Fit Test

Financial Freedom, Financial Independence, Personal Finance / Steve Burns

Here are ten questions that can measure how financially fit you are in your personal finances. Grading scale: No = 0 I’m halfway there = 1 Yes = 2 You can pay off off your credit card debt any time you want to or have zero credit card debt. You have three to six months

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Boss Makes A Dollar, I Make A Dime

Financial Freedom, Financial Independence / Steve Burns

Many workers can relate to the saying “The boss makes a dollar, I make a dime” and then they do lots of things guilt free besides work, on the company’s time. While a boss at a job is usually just another employee that may make only a quarter for every dime a worker is paid

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The Millionaire Next Door Formula

Financial Freedom, Financial Independence, Millionaire / Steve Burns

In 1996 two professors studied a sample of millionaires in the United States to understand the path that took them to a million dollar net worth. The results were very surprising as their path and lifestyle was very unexpected. They did not find millionaires who inherited their wealth but earned it their self. They weren’t

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Steps to Financial Freedom

Financial Freedom, Financial Independence / Steve Burns

Financial freedom is achieved when you have created enough wealth and/or cash flowing assets to live on and no longer need to depend on a paycheck as an employee. You are then financially free from a job, a boss, and a company. There are many ways to make a living in the 21st century other

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What Is Financial Freedom?

Financial Freedom, Financial Independence / Steve Burns

Financial freedom is when you no longer rely on paychecks from your job each month to pay your bills. You are independent from a company and a boss, you make money on your own terms or have enough money to pay your bills in perpetuity with no need for more. When you achieve financial freedom

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How Much Do I Need To Retire? Answered

Financial Freedom, Financial Independence / Steve Burns

Popular thinking about retirement is that people work hard for 40 years at their job and then in their mid sixties they can finally stop working and enjoy the remainder of their life thanks to some type of combination of Social Security, retirement account funds, and if they were lucky a defined pension plan. People

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