Tag Archives: financial independence

5 numbers you should be tracking to achieve financial independence

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Not everyone wants to be able to resign from their jobs. Some love working, while others don’t. But being financially independent isn’t necessarily about being able to tell your boss what they can put their TPS reports, it’s about being able to weather a financial storm.

For that, at the very least you need a rainy day fund for emergencies. But you might find that once you’ve been able to build a decent rainy day fund, that you’re even more motivated to save and invest more, and then one day you’ll have an investment account so big you’ve got to check it for swimming cartoon ducks. If you’d like that to be you one day then these should be the numbers you focus on:

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The fantastically simple rule of 300

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Dear Investor Challenge,Early retirement plan

This work thing can be a royal pain in the ass sometimes. People are supposed to listen to me, but I really get no respect. When I wanted to sign a new deal with the Russians, my accountant stopped me. He did the same thing when I asked him to fund my girlfriends travel company, now she’s all upset with me too. Then a couple of months back I was told that I’d have to pay for my swimming pool and farmyard, even after they were all promised to me as perks for a job well done, it’s totally ridiculous!

Now last week my three best friends decided to leave my business. I’m going to miss them so much, they were always so generous, and then just the other day, even the youngsters around here said they want me out. It just feels like everyone around here hates me. There’s really no reason for me to stay here anymore, which brings me to the point in this letter.

How much money do I need to have saved up and invested before I’m good to go? I really don’t want to come up short and have to try live on that measly excuse for a state pension we have.

Mr Anonymous

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