Never having to make a decision for money reasons, sounds great right? Increasing amount of people are finding that their reality is just living to work and working to live, and they are getting tired of it. In comes the dreams of financial independence, enough money to do what you want (and stop doing what you don’t want). Sounds great! But is it attainable and how do you know you’ve reached your goal? In this article we will take a look at how much you would need.
What would it take for you to quit your job right now? Or in five years from now? People eager to retire as early as possible have noted saving as much as possible will hasten your moment to quit that job. With that in mind, I thought to have a look at the math behind the savings rate and why you may or may not be willing to maximize it.