5 Things That Can Ruin Your FI Plans

5 Things That Can Ruin Your FI Plans

Like anything worthwhile in life, if you want to achieve Financial Independence, nothing comes to you for free. Everyone pays a price for it. This often comes in the form of your time, energy, money etc. But when you finally get there, the “view” is beautiful. You’d totally forget all the pain you endured to reach your goal.

Financial Independence is also one such pursuit. It looks so promising when you hear about it the first time, you’ll want to achieve it at all costs. But as you get over the honeymoon phase of “wanting to be FI” to actually “doing what it takes to reach FI”, there is a good chance, your plans could fail.

Immigrant Finances #5: Financial Freedom Countdown

Immigrant Finances - Interview Series Featuring Financial Freedom Countdown

I am excited to present the 5th guest of the interview series, the blogger behind Financial Freedom Countdown. He runs a blog that is dedicated to helping you think differently about your financial challenges and how to live your best life.

7 Steps To Financial Independence

7 Steps To Financial Independence

I have written earlier about Financial Independence – Is FI Really Worth It? and Why Do You Want To Achieve Financial Independence? Lately, I have been thinking about the “how” part of the FI journey. I have come across a lot of articles, books, and podcasts that talk about how they have already achieved FI or how they plan to achieve it.

Is Financial Independence Really Worth It?

IS FINANCIAL INDEPENDENCE REALLY WORTH IT?

Achieving Financial Independence (FI) is actually a big deal. Once you reach FI, you no longer have to trade your time for money and can do whatever you like, at least in theory. However, many of the people that focus on achieving financial independence do so by adopting a mindset of reaching FI as soon as possible. But what is the right way to achieve FI and is it really worth it?

Why Do You Want To Achieve Financial Independence?

Why Do You Want To Achieve Financial Independence

Financial Independence is important since a secure job is a myth. Financial Independence is an excellent way to take back control of your life. It allows you to spend time on things that matter to you and you can stop trading time for money.

Society does a great job of telling us what is “normal” and what is “weird”. As social creatures, human beings tend to seek approval from others. We spend an awful lot of time trying to win the approval of people around us. Our desire to be accepted by others never ceases to exist.