Today, making sufficient money to live a life you love is easier than ever before. Imagine 50 years ago, the opportunities and the world looked entirely different.
Nowadays you can work in country A and live in country B, you can fly around the world for cheap, and you can design the life you love.
Retirement is awesome and gives you all the freedom you want! Think about what you want to do when you retire (early) and create your ideal life!
If you’re setting a goal and you have clear why you want to reach the goal and what will be waiting for you on the other side, you will be much more motivated.
To transform this to easier math, the rule of thumb is that you need 25 times your annual expenses to retire early. That means when you’re spending $12,000 annually, you need $12,000 * 25 which is $300,000.
Your net worth is basically all your assets and liabilities combined. To calculate your net worth, you add up all the assets and you subtract all the liabilities.
Now you know where you’re at in terms of net worth, it’s important to start saving money. The best way to see how much money you’re currently saving is by tracking your savings rate.
Your career is probably the place where you will make the most money. That means that it’s very important to get paid as much salary as possible.
Starting a side hustle to make some money outside of your day job. The great thing about side hustles is that you can make money doing ANYTHING you want.