Budgeting

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How to calculate your Financial Freedom Number and Savings Rate 🔥

Do you know how to calculate your Financial Freedom Number (or Financial Independence “FI Number”). Do you know your savings rate — the key to Financial Freedom? 💸 What is Financial Freedom (Financial Independence)? Do you have to Retire Early? First of all, what is Financial Freedom aka Financial Independence (the “FI” of the “FIRE Movement”: …

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How to calculate your net worth

Learn how to calculate your net worth. Tracking your net worth can improve your finances because it will motivate you to spend less than you earn, invest the rest, and avoid/payoff debt. These three strategies are the “Simple Path to Wealth” laid out by JL Collins. That’s the formula my husband and I used to …

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