—What makes you say that?
—“Uh…uh..”
And this same person, who leads a large budget for his business, can tell me:
- His actual Vs. budget precisely.
- His trend for the month, the quarter, and the year.
- The areas he needs to work on to ensure he closes the quarter.
In short, an excellent professional.
Photo by Susan Holt Simpson on Unsplash
We all have an “enough number.”
One that allows you (if you want) not to work anymore.
A simple rule of thumb to approximate your “enough number” is multiplying your annual expenses by 25.
Invest this amount in the markets, take out 4% per year to cover your expenses, and you should last for at least 30 years. This is what the “Trinity Study” showed in 1998.
But there are 1000 forms of financial independence.
Maybe you just want to do a “mini-retirement” for 3 or 6 months. Or travel the world for two years.
Understanding your personal finances (Earning, Saving, Investing) allows you to gain clarity.
And clarity helps you navigate your professional career more serenely.
- An unexpected layoff.
- Say what you think without fear of losing your job.
- Reinvent a new career without financial pressure.
Know your numbers, live more intentionally.
Related articles:
Financial Independence. I’m Retiring From Corporate Life At 46.
My 4 Steps To Financial Independence. And What I Would Do Differently If I Had To Start Over.
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