We all want to be independent financially.
It’s as if the generations before us, especially those who suffered the consequences of financial woes, convinced us that financial independence is something we should seek and strive for.
I recently read this book about early retirement. But it isn’t just about saying goodbye to the traditional employment system. It’s also about attaining a financially independent future.
10 rules to live by for a financially independent future
(based on the book Work Optional by Tanja Hester)
- Envision the life you want to live before you assign numbers to it.
- Invest early and often to create as much magic money as possible.
- Create systems that help you succeed with minimum willpower required.
- Constrain your spending while increasing your earnings to supercharge your savings faster than you will by pinching pennies.
- Remember that everything compounds — investments, earnings, inflation, everything!
- Prioritize contentment over buying more stuff, which rarely brings lasting happiness.
- If you’re in a couple, include your partner at every stage of planning so it’s truly a mutual effort.
- Always invest in your health.
- Prioritize close social connections at every stage of life.
- Strive to live a purpose-filled life, not just a life without work.
It’s a good list, yes?
I am putting it out here as a reminder for all of us: handling our money wisely today is as essential as taking care of our future selves.
Here’s a ☕ to our financially independent futures!
jessa 